23/06/2019
How Anyone Can be A Millionaire Doing Any Business..........................................................................
It has been said that it is better to receive 10 naira (which will be compounded at 50% daily for 30 days)than to receive 500,000 naira, which will not be compounded at all.
The reason is clear - compounding 10 naira at 50% daily leaves you with over N1.9million after 30 days while the N500,000 remains the same, just the way it was. It perhaps even depreciates with inflation.
So I did some simple math some time ago to look at what becomes of N50,000 when we compound it at 20% every month.
After the 1st year, it becomes N445, 805
After the 2nd year, it becomes N3.97 million
After the 3rd year, it becomes N35.44 million
After the 4th year, it becomes N315.987 million
Maths don't lie.
Take out a hand calculator (or the calculator on you laptop or desktop)
and hit 50,000 X 1.2
Then hit the "enter" button once to see the interest (at 20%) for one month.
Hit it twice to see the compound interest for 2 months.
Hit is thrice to see the compound interest for 3 months, and so on and so forth.
It doesn't matter what business we do (whether we sell groundnuts or import steel for income) if we are able to continuously compound N50,000 at 20% per month, those are the resulst we will get.
So why are we not all millionaires?
I think among other reasons, there are 3 easy-to-identify reasons why we have failed (generally speaking) to employ the powers of compounding interest in our personal finances
1). We just do not know. Our attention has not been drawn to it.
2). We think it is too slow. Really, at first the growth is slow.
3). Many business models get cumbersome to manage if we keep scaling up at 20%/month and at a point will hit a point of diminishing returns, the only way to circumvent which will require a really high of dosage of extra financial, emotional and other investments that most are not willing to make.
Even if these investments are made, these investments are not made speedily. Deep thought is taken within what is usually an organisation to determine if it is the right time for a major expansion. Cut long story short, with many business models, it is H-A-R-D.
However, I am privy to a method that should make anyone be able to easily scale up at 20%/month without having an organisation or altering their lifestyle or even leaving their current job.
Hint: With Internet Income Models, it is many times less cumbersome
1% per day is the return I made every working day for one week and that comes up to 20% at the end of every month.
If you want to see a short video documentation that shows exactly how I did this, simply click on the link below this post. You will never be asked to pay for any information.
What are you waiting for?
Hop in! :)
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