The value of 1 Crore: (assume 7% inflation)
- 10 years from now= 50Lakhs.
- 15 years from now= 36Lakhs.
- 20 years from now= 25Lakhs.
Therefore, you should F.I.R.E
[A Thread..]
/1 Why is the credit card called “𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 product in banks”? How does VISA/Mastercard make money?
The diagram below shows the economics of the credit card payment flow.
1. The cardholder pays a merchant $100 to buy a product.
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