Dharam Lessons
29/07/2024
Why 20% < 8%
24/03/2024
How can one be Wealthy and Meaningful?
Well-managed Money grows 4 times in 10 years while the cost of living becomes double in 10 years.
Let's assume at age 20 the cost of living is Rs 10 lac and the wealth is Rs 3 lac
So, if one chooses to live a normal life, wealth growth is shown in the table
At Age 80 under normal conditions, as described above, Wealth becomes Rs 102 cr. while cost grows to Rs.6.4 cr.
Thus Wealth is 16 times the Cost.
Now comes the important part.
If you were to contribute 5% of your Wealth every 10 years throughout your life, your Wealth would grow Rs 6.4 cr which is still 12 times your Cost.
In a nutshell, it is not unaffordable to be a Giver and make an impact.
Even by being a Giver your Wealth creation potential far outweighs your cost escalation.
This is the Power of Compounding which most people don't understand because of which they live poor and die rich.
Be a Giver, Create Impact, Bring Meaning and Purpose to your life and last but not least Live Well and Leave behind a Legacy that keeps compounding 4X every decade
I rest my caser
19/02/2024
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