Is Profit all?
You might know that profit plays a crucial part in the growth of an individual or a community
BUT, is it all you require?
To understand this let's first understand the complete meaning of profit.
PROFIT is the gain on the sum of money or good when you sell a product or service for higher amount compared to amount you paid while
Buying the same.
I, know that this might seem boring to you but to answer the question we required this.
Now, the real part begins
To clear this we will take two examples.
First, Ram is 25 years old man who is a ca in xyz company he earns 80,000/month
His expenditure is of 50,000 and he's uses 30,000 for investment at annual growth of 12%
He receives 69,70,172 after 10 years at the age of 35
And 2,99,74,438 after 20 years at the age of 45
Second, shyam is a retailer he earns 60,000/month
His expenditure is of 20,000 and he start investing at 35 and invests 40,000 but at annual growth of 15%
He recieves 98,67,226 at 45
Now here we can see clearly that the profit was not only th solution but the timing was also impotant
Hence, the early you start the more you get.
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