What is the Eighth Wonder of the World by Albert Einstein?

What is the 8th wonder of the world according to Einstein

As per Einstein compound interest is the 8 wonder of the world.

9th wonder of the world

So called 8 wonders should be numbered from 2nd to 9th.

To see the real 1st wonder, go to an open place outside the city on a Moon less night and just look at the sky.

8th wonder of the world meaning

Since, its not particularly mentioned as to which list of wonders this question is referring to, I would assume this refers to the New seven wonders of the world.

,I am particularly inclined to turkey since I have been reading about it a bit lately.

So here goes my nominations:,1.

Hagia Sophia: Worlds former largest cathedral impacting contemporary architecture n,,2.

Cappadocia: Underground cities and cave houses,,n

8th wonder of the world in finance

Rohit recently completed his engineering.

He is placed in an IT firm with an annual package of Rs.

7.

2 lakh ($ 10,000).

His take home after tax income is Rs 50,000 ($ 700).

,Rohit said, u201cHey Sahil! I have got a new car.

u201d,I said, u201cCongratulations! Thatu2019s cool.

Which car did you buy?u201d,Rohit,u201c I always dreamt about Honda City since my engineering days.

Hence I got my dream car.

u201d,Image source: google,I said, u201cBut you recently started your job.

How did you manage to get the money to finance the car?u201dRohit, u201cI got it on EMI with 90% loan.

The EMI comes out Rs.

20,109 ($ 282) for 6 years.

u201dI said, u201cBut thatu2019s a lot of money.

How much do you save monthly?u201d.

,Rohit, u201cSaving? Bro, I am just 24 years old.

I have my entire life to save.

Moreover, I want to enjoy my life for the next 5-6 years.

It is too early to think about savings.

u201dFast forward 6 years when I met Rohit in one of our common friendu2019s wedding.

,I said, u201cHey Rohit! Congratulations! I heard you got married.

How is life?u201d,Rohit said, u201cThanks, Bro! Everything is good but there is only one problem.

u201dI asked, u201cWhat?u201dRohit-u201cItu2019s been 6 years since I started earning.

My package is now Rs 15 lakh ($ 21,200).

But the problem is that I have not saved anything yet.

Now when I plan to save, I find that even 1 lakh ($ 1413) a month after tax is less for my expenses.

I am not sure how to manage my expenses.

I donu2019t know even after earning so much, I do not have any wealth.

I am paying EMIu2019s and living paycheck to paycheck.

u201dThis is a common problem across the world!The common financial rule that most people break is not to develop u201chabit of savingu201d.

It sounds cheap! It sounds UNCOOL!,Most of the people live paycheck to paycheck with most of their salary spent in their expenses.

,The biggest problem is that they donu2019t have any control over their expenses.

They just spent money on credit card and keep paying the credit card bills.

,They donu2019t understand that:,It is not about being cheap but it is about developing a habit of saving and investing.

,It is about investing in assets and not in liabilities.

,It is about spending in limits!,I am not saying that one should not get a car or one should not go on vacation.

However, it is about knowing the limits.

,The entire idea of spending today and saving tomorrow never works.

The reason is that these young people never develop the habit of savings.

Their lifestyle is such that they always run out of cash.

,If they get an increment and hike, they spent it on fancy dinners and vacations.

Then they wonder, where is the money going!,On top of that, they lose out on the 8th wonder of the world (according to Albert Einstein) - Power of Compounding.

,Just to explain the power of compounding-If Rohit had started investing Rs 10,000 ($ 140) a month when he started earning from the age of 24 and invested for 10 years till the age of 33.

He would have made Rs 12 crore ( $ 1,700k) by the age of 60 at the rate of 15% annual return with a total investment of Rs 12 lakh ($ 17k).

,Whereas, if Rohit would start investing by 33 till the age of 60, he would make only Rs 4.

5 crore ($ 636k) with a total investment of Rs 33.

6 lakh ($ 47.

5 k) for 28 years.

,Do you want to make 12 crores ($ 1,700 k) with a habit to save Rs 10,000 ($ 140) per month for 10 years or do you want to make Rs 4.

5 crore ($ 636 k) by investing Rs 33.

6 lakh ( $ 47.

5 k) for 28 years?EDIT: In the above compounding example, we are talking about the return rate in developing countries like India.

Our growth story has just begun.

There are many mutual funds that have provided 15%+ annual return in the past 10 years and I am optimistic about the next 25 years.

,If you do not like 15% then consider whatever rate you like but do not devalue the essence of the answer which focuses on saving, investing and power of compounding and not 15% or 14% return.

,

8th wonder of the world compound interest

Gather round my friends, Iu2019m about to share with you the little secret of how the rich get richer and the poor stay poor.

,Oh, and also a great way to wow your friends at cocktail parties.

,Itu2019s called the u201cRule of 72.

u201d,I know, sounds boring.

But when you see its power itu2019s pretty cool.

,Letu2019s say youu2019re 25.

You have $20,000 saved.

You invest it and average 10% per year, the long term average of the stock market.

,The u201cRule of 72u201d says divide 72 by your percentage return.

This tells you how many years it takes for your investment to double.

,So, in this case, every 7.

2 years.

Letu2019s round it off to 7.

,So at 32 years old it grows to $40,000.

At 39, $80,000.

At 46, $160,000.

At 53, $320,000.

At 60, $640,000.

And at 67, $1,200,000.

Shazzam! Youu2019re a millionaire.

,Or you could have spent the $20,000 on a new BMW and said, u201cIu2019ll start saving later.

u201d If you started at 32 youu2019d have $640,000 at 67 rather than be a millionaire.

,Oh, and the BMW long ago gone went to the scrap yard.

,Second scenario, same starting point.

,You want to be really safe.

So you put your $20,000 in the bank.

Guaranteed.

Insured.

Returning say 3%.

Not bad.

,The u201cRule of 72u201d says your investment will double in value every 24 years.

72 divided by 3.

,So now at 49 itu2019s worth $40,000.

And at 73, $80,000.

,So though the rate of return was about a third, your total return was only a fraction.

,That, my friends, is the eighth wonder of the world.

Compounding returns.

,And the u201cRule of 72u201d.

A cool little tool to calculate how rich you can grow.

,And wow your friends over cocktails.

,The poor focus only on saving.

The rich focus on compounding.

Original 8 Wonders of the World

Ancient wonders of the worldn,Great Pyramid of Giza,Hanging Gardens of Babylon,Statue of Zeus at Olympia,Temple of Artemis at Ephesus,Mausoleum of Maussollos at Halicarnassus,Colossus of Rhodes,Lighthouse of Alexandria,Modern wonders of the worldn,Taj Mahal, Agra, India,Chichen Itza, Yucatu00e1n, Mexico,Christ the Redeemer, Rio de Janeiro, Brazil,Colosseum, Rome, Italy,Great Wall of China, China,Machu Picchu, Cuzco, Peru00fa,Petra, Jordan,n7 wonders of the world - http://www.

travmonkey.

com/2010/09/08/the-7-wonders-of-the-world/

8th wonder of the world New Zealand

Firstly, are you asking for something natural or something anthropogenic?,If you are asking for something batural, I can only really speak about things that I have personally visited - which isnu2019t very much at all.

,However, things that immediately come to mind are Angel Falls, The fjords of Norway and New Zealand, Monument Valley, and The Himalaya Mountains.

,If you are asking about man-made things, again, things that immediately come to mind are The Burj Khalifa, The Channel Tunnel, The Oresundsbron, The Gotthard Tunnel, The South Xian motorway interchange, The Seikan Tunnel, The Royal Clock Tower, Mecca and, of course, The International Space Station.

8th wonder of the world 2021

Godzilla vs Kong 2021This is the most recent film, including the 8th wonder of the world, and its a miracle considering the ownership issues of Kong.