So if you were offered R3 million on the 1st of this month or 1 cent which doubled every day for the whole of the month which option would you take? Well, if you could delay your gratification for 31 days you will end up with a staggering R10,7 million! Extraordinary...
The most powerful tool in the financial world is that of compounding. It is a phenomenon which even amazed Albert Einstein who was said to call it the 8th Wonder of the World. So what is it all about?Essentially compounding is reinvesting the returns you make on an...