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27 September 2010

Be On The Right Side

There are two friends. Quickly after they graduated, the first one got a loan of 1000 rupees for 8% interest and the second deposited 1000 rupees in a bank for the same 8%. After this incident, they just moved on with their life. The years passed by and they were about retire at the age of 60. Forty years just passed like anything. The first one had a debt of 21.7K and on the other hand the second one got 21.7K accrued in his account. Do the math and understand the power of compounding. What happens if first one gets 1000 rupees loan everyday and the second one deposits 1000 rupees everyday? Do the math :-) (Compound interest calculator)

After completing the college, all of us take up some profession. But only very few feel satisfied. We just put our efforts everyday like money being deposited in bank without knowing the compounding effect of time. If we follow our heart, we deposit in bank and if we don't follow our heart, we just buy loans. At the end of show either you got pay for it or take your money happily. And that is why, being on the right side makes sense.

By right side, i mean the side of your heart. Always, your heart is right and so if you follow your heart, you will always be on the right side.

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