How to Double Your Money? 💰 | How to be Rich? |
Financial Education
Sahil Hasan: Business Coach
In last 60 years, how much inflation has increased in India has increased. In 2019,
2019 data which we have is at 7.66% inflation, which is increasing but what
difference does this make to you? The knowledge which I am going to give you
today will help you understand that with this inflation only you suffer and special
would be those people who will understand this information today. If you put your
earnings in the bank, let's assume that in a year you save 1 lakh. Most of the
people's money is in SBI Kotak or HDFC so these are the popular banks. After one
year, they will make your 100000 as 103000 that means your money is growing by
3000 rupees but inflation increased 8 % so the interest you got after that also you
bore a loss of 5,000. Muslim people do not keep the money they get from interest.
The question is that the businessman is earning money, how would you know that
in how much time your money would multiply? So, where I will teach you a rule of
72 is very easy if you want to see that and how much year money would increase.
Now, the person who would understand the game of doubling the money would
definitely be a millionaire and he can beat inflation.
From 2 crores to 4 crores they earned and then spent it; then compounding will
stop there only, it will not move forward. The people who understand how money
grows quickly are the ones who do well. You would see this in India in people like
Baniya, Marwadi Gujarati people. The game changes 749 crore, if he started with 2
crores, if it was 29 because there is no 36 then this figure would have changed, it
would be directly 614 crores. So here you are seeing that if I did a 1% difference so
from 614 and 749, more than 120 crores difference more than that in fact because
of 1% difference. A person who purchases shares of iPhone, now iPhone shares, in
10 years you can see the growth. Apple's share price in 2021 is 123 US dollars. 123
times the money has multiplied means if you will understand this meaning then it
would be fun. In the next video when I would give the answer your mind would be
blown, so we have to do that. If you want to see more videos on financial education
then comment below.
One of the benefits of taking video courses is the potential for extended learning.
In this video, the instructor shares some of the many things you can learn if you
stick with the course. This includes topics like financial education and investing.
Additionally, the instructor offers some advice on how to get the most out of the
Financial Education
Sahil Hasan: Business Coach
In last 60 years, how much inflation has increased in India has increased. In 2019,
2019 data which we have is at 7.66% inflation, which is increasing but what
difference does this make to you? The knowledge which I am going to give you
today will help you understand that with this inflation only you suffer and special
would be those people who will understand this information today. If you put your
earnings in the bank, let's assume that in a year you save 1 lakh. Most of the
people's money is in SBI Kotak or HDFC so these are the popular banks. After one
year, they will make your 100000 as 103000 that means your money is growing by
3000 rupees but inflation increased 8 % so the interest you got after that also you
bore a loss of 5,000. Muslim people do not keep the money they get from interest.
The question is that the businessman is earning money, how would you know that
in how much time your money would multiply? So, where I will teach you a rule of
72 is very easy if you want to see that and how much year money would increase.
Now, the person who would understand the game of doubling the money would
definitely be a millionaire and he can beat inflation.
From 2 crores to 4 crores they earned and then spent it; then compounding will
stop there only, it will not move forward. The people who understand how money
grows quickly are the ones who do well. You would see this in India in people like
Baniya, Marwadi Gujarati people. The game changes 749 crore, if he started with 2
crores, if it was 29 because there is no 36 then this figure would have changed, it
would be directly 614 crores. So here you are seeing that if I did a 1% difference so
from 614 and 749, more than 120 crores difference more than that in fact because
of 1% difference. A person who purchases shares of iPhone, now iPhone shares, in
10 years you can see the growth. Apple's share price in 2021 is 123 US dollars. 123
times the money has multiplied means if you will understand this meaning then it
would be fun. In the next video when I would give the answer your mind would be
blown, so we have to do that. If you want to see more videos on financial education
then comment below.
One of the benefits of taking video courses is the potential for extended learning.
In this video, the instructor shares some of the many things you can learn if you
stick with the course. This includes topics like financial education and investing.
Additionally, the instructor offers some advice on how to get the most out of the
