Hello friends, after a very long time coming up with an interesting short story on market, till now we have heard stories narrated or heard as in foreign context, today I have this Indian story – the story is quite interesting and very simple in understanding – It goes like this
Once upon a time in a very small Indian village there lived a poor Brahmin poet. His financial condition worsen to such a level that he was not able to feed his wife and a new born baby. Tired with his misery and poverty he decided to seek help from the king. He went to the king’s palace where, King was playing chess with one of his minister. King told him to visit his darbar (court) the next day and recite some of his poems. Next day the Brahmin went to his court and on the permission of the king started reading his poems and songs, King was pleased and happy with his creations & granted Brahmin to wish something as a reward. Brahmin thinking for a second pointed his finger towards the chess board & requested King to place one grain of rice in one box of the chess and double that in the next box till the enitre chess board is filled. King laughingly said “Just rice grains ! - King was astonished by this and said, "You don’t want gold coins or land or big house !”. Brahmin said “No, just one rice grain in one box an double that grain in next till the entire chess boxes get filled, doing so I will feel that I received my reward.”
King and the court started laughing on the simple thinking of Brahmin and king ordered his courtier's to bring rice grains. King's men started putting one grain in one chess box and two grains in second and four grains in third and eight grains in fourth and so on, when they reached tenth box, they needed to put in 512 grains. Till the twentieth box, this number increased to 5,24,288 rice grains, and when they reached half on 32th box this number increased to 214,74,83,648 rice grains and within hours this number went into billions. Ultimately, the King had to surrender to the intelligence of the Brahmin and gave away all of his riches to him because Kings promise is a promise to full fill his wish and this all started with just One grain of rice.
Moral of the story – Never under estimate the Power of Compounding (Read one such real story on compounding - Here ), and investing minimum amount every month in SIP, can create great wealth for your retirement . - READ SUCH STORIES HERE
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