Would you believe that a person earns 65 crore rupees by working as a sweeper in petrol station and shopping malls all his life after hearing this most of us think that he has won some lottery otherwise what does a sweeper earn 65 crore rupees a man named Ronald James Reed in America who is working has earned 8.2 million dolors by the time of his old age which is about 65 crore rupees in currency but how is this all possible. Most of us are earning lakhs per month but they can not even buy a small house. Do you know how he earned a large sum of money University and compounding effect Since many days they are asking me to do for compounding effect so today in this story I am going to tell you today I will tell you exactly how he earned a few crore rupees in the stock market not just for it but today let us find out today a poor person in America He was born in a family. In fact he studied up to intermediate in his family. He worked for five years during the Second World War in 1939. After the war ended he went to his native place. He worked as a mechanic for 25 years as an attendant in a nearby petrol station. He met the managing director of the hospital who used to go regularly for coffee at a coffee shop opposite his petrol station a friendship developed between the two of them so after a few days the hospital canteen was closed and Ronald Reed was unable to meet him one day he gave the address of a library where he regularly visited and said that if he came there we could talk joining as an attendant at a petrol station in 1945 Ronald Read worked for 25 years and retired in 1970.
Even though he retired at the age of 50 he could not be free. He worked a part time job as a sweeper in a nearby supermarket called JC Pillai. He lived a peaceful life with his wife and children. Newspapers and media channels promoted him very much that he spent dollars for good works and good programs like hospital and library but at the same time their whole family was overwhelmed with grief and shocked to see the good works read by many people in America. The real Ronald Reed never did a big job never did a business an they did not even wear nice clothes, really if we look at him closely he looks like a person who does not even have money to eat and clothes, and if such a person has assets of so many crores of rupees. To understand how it came we have to go back a bit in the story. A person like his friend called him to the place of daily coffee. Every time it took time for his friend to come to meet his friend, a man named Ronald Reid opened the books he found in the library and read more and more interesting things. Slowly he got interested in book reading but the books he read were stock market money and finance as well as stock investing related to these three subjects books are read more often apart from this he was a regular reader of a newspaper called Dewan Street Journal and in this newspaper called Dewan Street Journal he was very well informed about the matters related to the stock market.
So he had a complete understanding of how the stock market works day to day. After gaining knowledge on market investing he took money from some stock brokers in America and slowly bought some shares with the money he had and kept all the documents related to those shares safely in his house in Birua. Here the surprising matter is that he is studying but no one knows including his children too He used to save a lot from his very low salary over the years and invest regularly but the point here is that many invest in the stock market but very few become millionaires so it is like a lottery some may succeed some may sink completely but Ronald Reid is one of the few. Strategies Used Strategy Number One Diversification of Funds Ronald Reed then he invested his money in almost 95 companies related to different sectors without buying shares of the company. He is more interested in investing in companies and consumer goods related companies and he invests his earned money in various markets. The advantage of this is that in the stock market companies always belong to the same sector. For example if you invest in software companies in one year there will be more growth. In another year if you invest in industrial companies and you will generate a good source of income. Our money should be invested in shares of companies in different sectors exactly the same thing was done by Ronald Reid do you know the result and when bubble cross came, Ronald Reid did not get any loss in the invested amount
Because after his technology called bubble cross came the stock market has fallen tremendously and many people who have invested thousands have also collapsed at once even in these two events when the borrowers had a little loss they were able to cover the loss from here with the profits from the rest of the companies so the man named Ronald Reid was very safe with his large investment and if he lost in one he was very safe with the profits from the other. He started investing his stock market all the company shares did not give profit because some companies also made losses in the stock market so the loans Reed a person very intelligently thought about the idea and knew about each and every rule and he invested in different sectors. Strategy number to compound effect is more than money in this world do you know what is valuable time so whenever your money is compounded the interest coming on it. Similarly if you earn money in one systematic way it is called compounding effect. I do not really understand. It does not matter. Look at the example. There is a person named Ravi. He is 20 years old and he has a cash of one lakh rupees. Fixed interest of two rupees means 24% interest per annum. Even if you see that two rupees interest is not mentioned for one year even if you see that the interest is 24 thousand rupees per lakh it means that you earn 1,24,000 in total. If he can rotate for one to eight years the same will become one lakh three lakhs
Four years ago the money will come that is one lakh for four years and four lakhs for two years so this university which started with just one lakh rupees will earn 10.3 crore rupees by the end of 40 years will increase but in the remaining 20 years from 32 lakhs to 10 crores so this is called compounding effect That is, this money increased from one lakh to 10 crores in a year in the next 16 years it will increase from crores to 160 crore rupees so a person named Ravi who invested one lakh rupees at the age of 20 will earn one crore 60 lakh rupees by the time he reaches the age of 76. You may think that I can do this too but it is not possible because this investment is related to time and amount rate of interest is consistent with the amount you put in which is the percentage interest earned every year based on these two your amount will increase in the long term. Chances are same to same Ronald Reid also consistently invested the same amount of money he had for long periods of time. That is, the money he earned at a young age by doing such a university by the time he reached old age, he earned crores of rupees. So at one point of time he became a millionaire with the money he earned as a sweeper so you have to keep doing it now you understand the power of compounding
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