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Ideas for Success: Why should we give interest on loans?
1. Ideas for Success:
It is often claimed that -
When asked the biggest
invention in the world,
Albert Einstein simply said:
Compound interest!
There is no real proof that he said this.
2. But the concept of âInterestâ is
interesting.
In the beginning loan was given
in the form of seeds.
Now, one seed can give you so
many more seeds when
cultivated. So, the repaying is
not one seed but many more
seeds!
3. Same applies to cattle.
A cow given in loan will give
you many calves. Obviously
repayment will be more than
just a cow.
So interest is for sharing the
wealth generating potential of
the âloanâ given to someone.
4. Later on same thing got
transferred to the
Metal Coins.
Now, whoever thought of it
first,
from this simple interest to
compound interest
must be an innovation! Isnât it!
5. When we think of inventions
and innovations, we just think
of mechanical things.
But the history of finance has
many such innovations.
âŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚâŚ.
There are many important creative principles
in this little story.
Learn how to create great ideas:
IDEA MACHINE: Practical Creativity Training
Mumbai: 19th -20th Aug 2011
Details: www.puneetbhatnagar.com
Call: 09820003092
punito@thecreativitymission.com