Have you wondered why compounding works? Because most people who have passed 7th standard ‘think’ they understand compounding, but many do not.
In July, 2006 I had done an article for rediff.com ‘How to become Rich with just Rs. 100″. I have no clue as to how many people read this article – it is reproduced in many places – but if you have the inclination read the comments at the end of the story, you will feel amused.
It is amazing how people will sit and discuss why index fund, mutual fund or ulip, index fund vs. ppf ….blah, blah, blah but do nothing about investing. Read the comments in that article ..or even in the post on Moneycontrol…’Retire Rich Invest Rs. 40 a day’ (which is also the name of my book). I feel like saying….stop talking, do something.
So many people have said..we will not live this long, you have ignored inflation, what a stupid idea,….the comments are worth reading.
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