The Power of Rule 64 and Your Path to Retirement
I’d like to tell you a story.
There once was a king Genoros, he was well known for keeping his promises.
He lived in a castle and was the richest man in the world. But he was notorious for locking- people up, who thought they were cleverer than him.
His favourite game was chess , he played with all of his servants on one condition, the servants would have to lose the game or else they would be locked up for the rest of their life.
One specific prisoner was locked up for beating him at a game of chess, his name was Shrew.
He loved logic and mathematics and was very careful with any decision he made.
However, defeating the king at a game of chess, left him with two things.
His pride and a sentence of 70 years in the dungeon as a prisoner.
The king would ask his prisoners one by one to make their last wish before they are locked up in the prison.
Well one day, it was Shrews turn.
He knew he had a-sentence of 70 years in prison. And as the king does with all his prisoners, he asked Shrew what his final wish was before he gets locked up in the dungeon for the rest of his life.
Here’s what Shrew wished for…
“Your majesty, I only wish for my family to live a comfortable life and so my wish is this.
Give my family one rand on the first square on a chess board in one year and in the second year give my family two rand, and the third year give my family four rand and in the fourth year give my family eight rand.
Keep doing this every year by multiplying the amount of rands in the previous chess square by two, until the last square on the chess board which will be on the 64th year.”
The king thought this was a puny wish and so he granted it to Shrew.
30 years later, the king was completely bankrupt and would be forever in debt.
All the prisoners were forced to go free and Shrew was thrilled to go back to his family and enjoy his fortune.
Today you can learn to grow your money with the power of 64 with the same maths
Shrew used which can exponentially grow your investment and retire sooner than you thought.
Let me explain…
The Math Behind Shrew’s Mastery
Shrew’s wish wasn’t magical – it was mathematical.
His genius lay in the principle of compound interest – the eighth wonder of the world, according to Albert Einstein.
A principle you can apply today to accumulate a fortune for retirement.
Compound interest, at first glance, seems humble, negligible.
Yet, as our tale showed you, over time, it can turn a pittance into a king’s ransom.
Simple Versus Compound
Simple interest is calculated on the original amount (the principal) alone.
Sure, you gain a steady return year after year, but your principal amount remains constant.
Compound interest, on the other hand, is slow to start but powerful in the endgame.
Even after 3 years you might not feel it’s power.
But after 6 years, you will see why it was all worth it.
It’s calculated not just on the principal (portfolio value) but also on the accumulated interest of previous periods.
Your earnings multiply as the interest you’ve gained earns interest of its own.
Advantages of Compound Interest: Securing a Comfortable Future for Your Family
Compound interest offers numerous benefits for investors:
-
Exponential Growth
Your investment doesn’t grow linearly but exponentially. And this will lead you to substantial gains in the long term.
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Inflation Protection
So instead of having your money in the bank, you can have it in a higher interest earnings trading account. And this form of regular interest compounding can help protect your savings, grow it and diminish the effect against the eroding effects of inflation.
-
Financial Security
With a disciplined approach and time, compound interest can provide a substantial nest egg for your retirement. This is your business. This is what will drive up your account.
So if you think $1,000, $10,000 or even $20,000 is going to make the cut.
While it will, but only after 7 to 8 years you’ll start to reap the benefits.
That’s why one should religiously deposit some savings every month or at least twice a year to accelerate the portfolio’s performance.
If you want more information about how to exponentially grow your account, read this article.
Compound Trading Explained ->
http://timonandmati.com/articles/compounding-trading-explained/
Trade well, live free.
Timon Rossolimos
Founder, MATI Trader
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Trade well, live free.
Timon Rossolimos
Founder, MATI Trader
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