The Benefits of Compounding!

 "My wealth has come from a combination of living in America, some lucky genes, and compound interest." – Warren Buffet. Here we will show The Benefits of Compounding!

From the man himself Warren Buffet! Warren Buffet is known as one of, if not the best investor of our time. He is one of the richest men in the world and has pledged $50bn to charity, mainly the Melinda and Bill Gates Foundation.

Now we don't all have the ability to live in America, we have no control over genes, but we can compound.

What is compounding?

Compounding interest is the interest made when you reinvest money earned from Interest. So if you have R100 invested in a savings account. You earn R5 interest, you can either take that interest out or reinvest it. Reinvesting that interest will cause you to earn interest on R105, not just R100. Causing you to earn more interest.

Now this seems easy, but the real magic happens over times as shown in the table below, The Benefits of Compounding!:

http://financialadvisher.com/compound-interest-just-how-magical-is-it/

We can see that you make a lot more money using the compounding method, and with little to no effort! When possible always reinvest and let money compound! The Benefits of Compounding!

Compounding will help you with your savings and investing. Compounding will help you achieve better returns with minimal effort! Just the way we like it here at Once A Week!

Be Smart, Be Safe, and only check your finances Once A Week!

Read more on https://onceaweek.co.za/the-benefits-of-compounding/

(opens in a new tab)
Location: Cape Town, South Africa

Comments

Post a Comment

Popular posts from this blog

Renting/Leasing Office Equipment: Is it Right for me?

Image
After doing your research, you have established that your business can be sustained. Also, people trust you and believe you will manage it successfully.   Although it is possible to start a business, it can be hard work, especially when it comes time to set up finances.   You will be able to provide the best professional service to clients and customers if you have the right equipment.   How can you make sure it is possible?   Equipment finance  should be your first choice for  office gear rental and financing . Why Lease/Rent Equipment for Your Business? There will be a time when your  new equipment  may be needed, no matter how fast your business grows or whether you just started it. There are many benefits to  renting/leasing your equipment  through the Equipment Finance program: There is no upfront expense You won't need to tie up capital investment money.   This means that your money can be used to grow your business in other ways. You can save taxes: As a business, your renta
Read more

Should I invest in Crypto?

Image
Should I invest in Crypto? Investing  in Crypto or cryptocurrency is a massive buzz word. But is it all talk or is there something to consider? What is Cryptocurrency? “A cryptocurrency is a digital or  virtual currency  that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.” –  Investopedia Image by  xresch  from  Pixabay So Cryptocurrency is basically like a digital form of gold that is hard to fake or steal. It gets recorded on ledgers that are based on many servers making it almost impossible to lose records and hack. if you want a more in-depth read check out  Investopedia . Can I get a return on my investment? Well, seeing as you get people known as Bitcoin Millionaires, I can assume so. With outrageous growth in short spaces of time, Bitcoin and other Crypto Currencies have shone over the last few years providing a high return for many, but a high loss for others. Make sure you do your research by choosing a trusted provider and the rig
Read more