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Simple Way to Get Rich 
Reinvesting Your Earnings
Warren Buffett provides inspiration on how to get rich by reinvesting your profits.
[A Thread]
Reinvesting Your Earnings
Warren Buffett provides inspiration on how to get rich by reinvesting your profits.
[A Thread]
George Clason in his book
'The Richest Man in Babylon' pointed out as a third cure of a lean purse is to make your Gold multiply.
After saving a certain percent of your earnings, it is important to start that money working for you.
Don't allow your money to go to sleep.
'The Richest Man in Babylon' pointed out as a third cure of a lean purse is to make your Gold multiply.
After saving a certain percent of your earnings, it is important to start that money working for you.
Don't allow your money to go to sleep.
Of course there are many ways to invest your savings, but it is wise to invest in ventures that are assured of return.
Compounding this return upon itself causes your multiplying savings to increase at an ever-quicker pace.
Never doubt the power of compounding interest.
Compounding this return upon itself causes your multiplying savings to increase at an ever-quicker pace.
Never doubt the power of compounding interest.
Reasons why reinvesting your earnings is the simple way to get rich?
Increased efficiency increases earnings
One way of cutting costs in business is by increasing efficiency.
Elimination of redundancies not only reduces expenditure but also increases output and quality.
Increased efficiency increases earningsOne way of cutting costs in business is by increasing efficiency.
Elimination of redundancies not only reduces expenditure but also increases output and quality.
Sustainability comes from knowledgeFor everyone reinvesting in education is key to ensuring sustainability and to increase competence.
Knowledge about your investment not only prepares you how to handle growth but it also prepares you on how to deal with emerging challenges
Reinvesting frees up your timeTime is money.
Earnings are profits this shows that the investments are paying off.
By reinvesting into the business, you are increasing the amount of input, and hence the output will correspond to the input.
Financial freedomThe most common ways of raising capital are debt or equity financing
Reinvesting your earnings ensures that you remain financially independent and debt free hence raising your investments financial health and a boost in your journey towards getting rich.
