Understand the power of compounding from "summary" of Rich Dad Poor Dad (Kannada) by Robert Kiyosaki
Understanding the power of compounding is crucial when it comes to building wealth. Compounding is the process of generating earnings on an asset's reinvested earnings. It is like a snowball rolling down a hill, getting bigger and bigger as it gains momentum. When you invest your money wisely and leave it to grow over time, compounding can work wonders for you. The key is to start early and be patient, allowing your investments to accumulate and multiply over the years. Many people underestimate the power of compounding because they are impatient and want to see immediate results. However, the real magic happens over the long term....
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