Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe & the greatest mathematical discovery of all time.
- Albert Einstein
What's in the download package?
You will receive 2 worksheets:
- One works with Apache Open Office Spreadsheet
- The other works with Microsoft Excel
Note: When you download it, the file will be 'read only'. A simple hack to play with it is to save it again in your downloads folder and then you can open it up in editing mode.
What does it look like?
What is this for?
This spreadsheet will help you calculate the amount of money you can make or lose, by applying the compound interest formula.
For instance, how much money would you earn from $1,000 if you earned 1% per week?
If you thought $520, you are wrong. That would be called simple interest but with compound interest, at 1% per week, $1,000 grows to $1,661.08.
This is an extra $141 or an extra 14%!
This spreadsheet will show you all kinds of math like this. Take a look!
How much would it take for $1,000 to turn into $10,000 at 1% per week?
233 weeks or 4.4 years.
1% per week. Can you earn that with trading? Think of it this way, " If you had a trading account of $1,000, can you make $10 per week? If you can, then great! You will turn it into a pile of cash soon. If not, then twerk your settings a bit lower faster than Miley Cyrus can shake tha booty!.
How long would it take for $1,000 to turn into $10,000 at 2% per week?
118 weeks or 2.2 years.
Earning 2% per week is a bit more difficult but not impossible. Some traders make more... Others make less. The main point of this spreadsheet is to get you to think what is possible for you.
How long does $1,000 turn into a Million at 1% per day?
1390 days or 3.8 years
This will be harder than it looks. Take my word for it. However, the spreadsheets will help you stay on target. Some weeks you may make less and other weeks, you will make a ton of cash. You can revise the spreadsheet as needed.
https://drive.google.com/file/d/1JxnH4K1sn-ZOcRZZvDeWLODUn_QMXo_Y/view?usp=sharing
We really do love putting out these reports, free downloads, etc... for you guys! Keep up the great work, trading the markets or doing whatever it is that you do.
Feel free to share this spreadsheet with anyone you choose. We don't care if you uploaded it to message boards. We don't care if you look at it once and never look at it again. Just look once and spend a few minutes playing with it and your eyes may be opened!
Until next time!
Happy Trading!
