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How to Turn ₹1,000 into Crores: The Power of Money Compounding Explained

How to Turn ₹1,000 into Crores: The Power of Money Compounding Explained   Imagine turning a modest sum like $10 or ₹1000 into a million without winning the lottery or building a massive business. Sounds like a dream? Welcome to the world of money compounding . It’s not just a financial strategy; it’s a mindset. The world’s richest individuals have mastered the power of money compounding , and the best part is, you don’t need to be a financial genius to get started. 1. What is Money Compounding? Money compounding is the process where your money earns interest, and then that interest earns interest. Over time, this creates a snowball effect. The earlier you start, the more powerful compounding becomes. Albert Einstein famously said, “Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't, pays it.” Let’s break it down: Year 1: You invest ₹10,000 at 10% annual return. By year-end, you have ₹11,000. Year 2: You now earn 10% on ₹11,000, n...