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The Magical Power of Compounding is the only tool available to Poor People to Become Rich. There are certain things that we must do like periodically investing to make sure the magic of compounding works!
Power of compounding is essentially an act of 'adding interest on interest,' i.e. the amount of money you invest will generate earnings from both the initial principal amount and the accrued earnings from preceding compounding periods. Eventually, thus, the power of compounding helps grow your wealth over time.
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Psychology of Money, Money beliefs, Emotional factors, Behavioral economics, Compounding, Time horizon, Risk and reward, Financial habits, Simplicity, Happiness, Book summary.
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9 июн 2023
