Grace turned her $180 to $7 million. We know it.
But, Grace is not alone. There are many more such people who have enjoyed the power of compounding and patience to let compounding create wonders for them.
Here is the next wonderful example, Sylvia Bloom.
Yeah.
Sylvia Bloom was a secretary in the legal department.
Did she know anything about investing?
The answer is “ No”
But she knew that investing would make her rich.
And so she started emulating her seniors who were active in investing.
She just copied what they did.
And fortunately, they did find good investments. And so Sylvia Bloom.
Then, the power of compounding worked the way it did.
The result, Sylvia Bloom estate was valued $9 million when she died.
She died rich. Her patience, and acumen not only made her very rich, but also after her death this fund be be used to help more and more people who need assistance, education, love and food.
So what do you learn from it?
Power of compounding works. It is there to make you astonishingly rich.
What do you need to do? Do you work?
Enjoy its benefits. And you can only enjoy its benefits if you let it work for you.
So, learn, invest and let compounding make you rich.