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"...Whatsoever He Doeth Shall Prosper" - Psalm 1:3 Are you the type that wakes up in the morning and you have nothin...
LITTLE BY LITTLE It is really a hard thing for many of us to have patience, we are always wanting to live life on the fast lane where eve...
There are many opportunities but very few people with Skills to take them on. I have read in the papers through the years how the point...
Monday, 2 February 2015
The first time I read about compound interest was from the book "MAKE SENSE OF YOUR MONEY" by Mr James Abola. Having understood the principle, I said let me teach my wife what I have found out but more so I gave her the book to read so that she could chew the food and get satisfied on her own. Today as I checked our account, I indeed saw a big change and I must say - knowledge can only be really valuable when put to practice.
This is what compound interest is from Wikipedia -
Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. This addition of interest to the principal is called compounding. A bank account, for example, may have its interest compounded every year: in this case, an account with $1000 initial principal and 20% interest per year would have a balance of $1200 at the end of the first year, $1440 at the end of the second year, $1728 at the end of the third year, and so on.
Ben Carson says "No knowledge is wasted knowledge" - God bless you as you keep putting to practice these timeless principles - when you read Mathew 25 about the parable of talents, you can see the difference between a person who puts to practice what he has been taught. My wife and I might not be so far in life but we keep growing little by little and one day we shall testify even more because the steps of a righteous man is ordered by the LORD.
I love God, I love Myself and I love my neighbors whoever they may be, Am ready each and every time to shine the Light of Jesus and Bring assured Hope to those that have lost it and to reconcile the hearts of men and God that they may love him wholly.
Proverbs 21:20 (NLT) – The WISE have WEALTH and LUXURY, but FOOLS spend whatever they get. Are you the type who spends whatever you g...