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Compounding: Growing Wealth Exponentially.
“Improve by 1% a day, and in just 70 days, you’re twice as good.” Alan Weiss This week, I’ll discuss a concept I learned during my MBA studies: compounding. Though widely known, it’s worth revisiting. Compounding is the process of turning money into more money through strategic investments. To illustrate this concept, let’s consider the…
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The Megamind Creations Visit
Recently, my father and I visited Megamind Creations, a company owned by the uncle of my father’s friend, Garjpreet. Today, I will share my experience at Megamind Creations. Initially, my brother was supposed to join us, but a last-minute dental issue prevented him from coming. Nonetheless, my father and I proceeded with our visit. After…
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Exploring Fixed And Variable Costs
Hey, it’s Jerryy Garrett, back with this week’s post. I learned about different types of costs in my MBA, and I’ll share that with you. There are two main types: Fixed and variable costs. First, fixed cost. No matter if you make a million dollars in profits or losses, you still have to pay the…
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Dehli Trip: The Adventure
Hey there, I’m back with a post for this week. This week’s post will be about my recent trip to Delhi. We had planned to go by train and everything was good. We went to the train station on time, but tragedy struck. There was a one hour delay. We decided to wait it out,…
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Exploring Four Financial Ratios
Hey guys, it’s me Jerry Garrett, and I’m back with another blog for today. Today, we’re going to be learning about the four financial ratios: First, the profitability ratio is a measure of how well a company is managing its profits. It determines if there’s a lot of profit, less profit, or no profit at…
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The three A’s of Wealth
It’s obvious that you need to make money to survive in this world, and today I’m going to be talking about exactly that. Today, I’m going to discuss three ways you can make money in this world. First of all, is active wealth. Second is asymmetric wealth. And third of all is assistive wealth. Now…