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  Unlocking the Power of Compounding Simply put,   Investment  is making your money work for you. But if this money can fly with the power of compounding, something truly magical is happening. So, let us examine the concept of Power of Compounding.  What is power of compounding? Compounding basically denotes how money makes money over a long period of time.  It is known as the world's eighth wonder because it changes one into hundreds and hundreds into lakhs and lakhs into crores over time. Through the power of compounding, investor earns interest  on your interest and stay invested for long term, this requires patience.  Albert Einstein " Compound interest is the eight wonder of the world . He who understands it, earns it, he who does not pays it" Compounding in the world of finance refers to the ability of money to grow itself. It builds upon the fact that money can grow exponentially when you keep reinvesting your profits.  Simple int...

Insurance Vs Investment Hello Everyone,  Investment and insurance are two of the most well-known & important financial terms. They serve different purposes. However, there is some doubt regarding this, so in the following article I will try to simplify both terms in simple language.  Insurance is a legally binding agreement between you and an insurance company (like  LIC, HDFC Life,  ICICI Prudential Life etc.)  . The insurance company agrees to pay you a sum of money if you experience a covered loss in exchange for paying premiums. If you acquire automobile insurance, for example, the insurance company will pay for the damage to your car if you are in an accident. Investment  are assets purchased with the intention of profiting. Stocks, bonds, mutual funds, and real estate are just a few examples of investments. When you invest, you are putting your money at risk in the aim of receiving a larger return than a savings account or other low-risk investm...