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Compound interest

Lectures

Bhagavad-gita As It Is Lectures

Now, the, according to law of karma, you have given one hundred dollars to a poor man to help him. This means that the poor man has to pay you four hundred dollars in your next life, with interest and compound interest. And you will have to take that four hundred dollars.
Lecture on BG 2.58-59 -- New York, April 27, 1966:

Sacrifice means to please the Supreme Lord. That is the sacrifice, meaning of sacrifice. Otherwise sacrifice has no meaning. Sacrifice means... Suppose you have got one thousand dollars in your pocket. Now you sacrifice it. You spend it for some good cause. "Oh, this man has sacrificed one hundred dollars." But that sort of sacrifice is also cause of your bondage. Now, suppose you have given to a poor man one hundred dollars to help. Now, the, according to law of karma, you have given one hundred dollars to a poor man to help him. This means that the poor man has to pay you four hundred dollars in your next life, with interest and compound interest. And you will have to take that four hundred dollars. And suppose you are preparing yourself to conquer over the next life, but by contributing this one hundred dollars you are now bound up to take payment of four hundred dollars; therefore you have to take your birth. These are subtle laws. If we are to believe the Vedic literature, the law of karma, these are stated there. We may take it or not take it. That is a different thing. Just like if you deposit in the bank one hundred dollars. So if you forget, twenty years after you will have to take two hundred dollars. The bank will pay you, either you like to take it or not take it. Just like we have this law in this ordinary life, similarly, anything, good action or bad action, we have to suffer or enjoy the result. That is called reaction. But sacrifice for the cause of the Supreme Lord, that has no reaction. This is also bright side. There are so many wrong side also.

If you give in charity somebody, say, some amount of money, you'll get that money back four times, five times, or ten times more in your next life. So Vaiṣṇava philosophy says that this is also sinful. Why sinful? Because you have to take your birth to receive that compound interest.
Lecture on BG 7.1 -- Los Angeles, December 2, 1968:

This material world, our activities are all sinful activities. There is action and reaction. Whatever you are doing, there is action and reaction. Even there is good reaction, still it is sinful. Still it is sinful. Just like according to Vedic literature, pious activities, the result of pious activities... Janmaīśvarya-śruta-śrībhiḥ (SB 1.8.26). Suppose you are not acting anything sinful in this life, you are very pious in every respect. You are charitable, you are benevolent, everything is all right. But Bhagavad-gītā says that it is karma-bandhana. If you give in charity somebody, say, some amount of money, you'll get that money back four times, five times, or ten times more in your next life. That is a fact. So Vaiṣṇava philosophy says that this is also sinful. Why sinful? Because you have to take your birth to receive that compound interest. That is sinful. Now suppose you are born in a very rich family. The trouble of being in the womb of the mother, that is the same. Either you are pious man or the impious man, when you are in the womb of your mother the difficulties and the pains perceived within the womb of the mother is the same, either you are black or white, either you are Indian or American or cat or dog or anyone.

Srimad-Bhagavatam Lectures

If you take one cent from somebody else without doing something good to him or without exchanging something, then you are debtor, and you have to pay him with interest and compound interest.
Lecture on SB 1.5.13 -- New Vrindaban, June 16, 1969:

In India, according to Vedic civilization, one is very much afraid of taking loan from others because he has conviction, "If I do not pay, then in my next life I'll have to pay many times. So I must liquidate my debt." That's a fact. If you take one cent from somebody else without doing something good to him or without exchanging something, then you are debtor, and you have to pay him with interest and compound interest. That is the law of karma. You cannot take anything. We are debtor to so many things. People have no idea. Devarṣi-bhūtāpta-nṛṇāṁ pitṟṇām (SB 11.5.41). These are stated in the śāstras, that we are indebted, debtor to the demigods. Just like we are getting so much sunlight. We are enjoying: "Oh, today is a very nice day." But do we pay any tax? Do we pay anything? No. But in the Vedic injunction there is sun-god worship. Therefore we find that so many demigods' worship, yajñas. The feeling that "I am taking so much advantage from the sunshine, so I must give him something," this is called sacrifice.

If you don't clear your debts, if you think, "All right, there is some debts. It will...," no, interest, compound interest.
Lecture on SB 6.1.8 -- Los Angeles, June 21, 1975:

Cāṇakya Paṇḍita has instructed that three things we should be very careful: disease, fire, and debts. If there is disease, if you think, "Oh, this is little ailment. There is no need of going to the doctor," no, you must immediately take steps. It may increase to be a very big problem. Disease increases. Similarly fire. If there is fire, you have extinguished everything and little fire there is, if you think that "Oh, little fire, it will automatically...," no, that also you must extinguish. Otherwise it may take into big fire again. Similarly debts. If you don't clear your debts, if you think, "All right, there is some debts. It will...," no, interest, compound interest So similarly, the disease. We are already in the material disease. This birth, death, old age, and disease. This is our material miserable condition. And again, if we act sinfully, then it will increase. Therefore Śukadeva Gosvāmī is advising that "Before your death, you should atone for the sinful activities, what you have done." Just like in the Manu-saṁhitā, if a man has committed some murder, it is advised that King should order him to be hanged. Otherwise next life he will have to suffer so much. So this order of hanging a murderer is a kind of kindness to the criminal.

If I take from you one cent, I have to pay you with four cents, with interest, compound interest. This is the law of karma.
Lecture on SB 7.6.9 -- New Vrindaban, June 25, 1976:

We should be careful, not that "Trample over the ants and let them be killed." No, everything should be carefully done. Of course, we cannot stop this, but we should be careful, and if it is done, then if we remain Kṛṣṇa conscious, Kṛṣṇa will excuse. Yajñārthe karmaṇo 'nyatra. Therefore the business should be, if we walk at all, we shall walk for Kṛṣṇa. Then if some ant is killed—not knowingly, unknowingly—then we are untouched by these sinful activities. Otherwise, we are immediately noted down, "Here is a man, he has killed, he has..." The nature's law is so minute. Every minute, the account is there. But if you remain in the business of Kṛṣṇa consciousness, then there is excuse. Otherwise, everyone is become obliged. If I take from you one cent, I have to pay you with four cents, with interest, compound interest. This is the law of karma. We are... Just like taking money from others. Unless we spend it for Kṛṣṇa, then we shall be obliged to return.

Nectar of Devotion Lectures

If you neglect, you have got debt, the money-lender, he's adding compound interest, one after another, one after another; it was three rupees, and after some years, it has become three hundred, by compound interest.
The Nectar of Devotion -- Calcutta, January 28, 1973:

This line of devotional service, there is direction in the śāstras. Therefore we have made prohibition that no illicit sex, no gambling, no meat, fish-eating, no intoxication. Even the smallest intoxication, that is also dangerous. Just like fire. Even a small particle of fire is dangerous. If you neglect it, "Oh, it is a small particle..." No. You must extinguish it. It may come out very great fire. Cāṇakya Paṇḍita has advised that fire and disease and debt, don't neglect. You must clear. If you neglect a small fire, it may come out a great fire. If you, if you neglect, you have got debt, the money-lender, he's adding compound interest, one after another, one after another; it was three rupees, and after some years, it has become three hundred, by compound interest. So you should not neglect. Similarly disease. Disease also, you cannot neglect. If there is... If you think, "Oh, it is little, it doesn't matter..." No. You must finish it by treatment. That is Cāṇakya Paṇḍita's advice.

Philosophy Discussions

Without treatment disease increases, as fire, without being extinguished, it increases. Debt, compound interest, increases. So therefore the instruction is that disease, fire, and debt should not be kept as it is without any attention.
Philosophy Discussion on William James:

Hayagrīva: Concerning evil, James writes, "Evil is a disease, and worry over disease is itself an additional form of disease which only adds to the original complaint. Even repentance and remorse, affections which come in the character of ministers of good, may be but sickly and relaxing impulses. The best repentance is to up and act for righteousness and forget that you ever had relations with sin."

Prabhupāda: Yes. The final morality is... What in this portion?

Hayagrīva: He feels that evil is a disease first...

Prabhupāda: Yes.

Hayagrīva: ...but worry about evil is just an orig...

Prabhupāda: Another.

Hayagrīva: ...just another disease.

Prabhupāda: So disease, when you are in diseased condition, it means increasing suffering. Disease increases. Without treatment disease increases, as fire, without being extinguished, without attempt of extinguishing the fire, it increases. Debt, compound interest, increases. So therefore the instruction is that disease, fire, and debt should not be kept as it is without any attention. The attention must be there to see that it is not increasing, it is being completely extinguished. That is intelligence. So therefore we must know our suffering is on account of disobedience to the orders of God, or on account of becoming irreligious. So we must find out the real system of religion, and we, there is already, but on account of our ignorance it is now covered by material contamination. Otherwise our relationship with God is a fact.

Conversations and Morning Walks

1973 Conversations and Morning Walks

He thinks, "Oh, this is small debt." No, sometimes it becomes compound interest, big amount.
Room Conversation with Indian Guests -- July 11, 1973, London:

Guest (7): Now I have finished my one year, one year and one week, or something, for my practice, you know. So I'll be taking before and next year. Still, I... (laughs)

Prabhupāda: No, you can come any time.

Guest (7): Now it's 73 or 72 days so I'm counting the days.

Prabhupāda: (Hindi for few sentences) Or debts. He thinks, "Oh, this is small debt." No, sometimes it becomes compound interest, big amount. So therefore Cāṇakya Paṇḍita says that these three things must be finished by the root: agni and vyādhi and ṛṇa. We should not neglect.

Guest (7): What is that? Agni...?

Prabhupāda: Agni, vyādhi, disease. And ṛṇa, debts. You should not neglect it. You should finish it.

Guest (8): Before it's increased more.

Revatīnandana: Fire? Fire, disease and debts.

Prabhupāda: Debts. One should not neglect.

Page Title:Compound interest
Compiler:Labangalatika, Madhavi
Created:11 of Oct, 2009
Totals by Section:BG=0, SB=0, CC=0, OB=0, Lec=7, Con=1, Let=0
No. of Quotes:8