Take the case of Ravibhai and Shashibahi, both started investing Rs.2000 every month, earning interest of 8% per annum on monthly compounding basis. The only difference is Ravibhai starts at age of 25 and Shashibhai starts investing at age of 35. Both of them invest Rs.1.2 lakhs over a period of 5yrs and then hold their investments till they turn 60.
Ravi's investment appreciates to over Rs.14 lakhs while Shashi's investment grows to only Rs.5.6 lakhs.
Moral of the story is More the Time Period, better the returns. It doesn't matter how much you earn today, but what matters is how early you start investing. Mutual Fund investment can make you true CROREPATHI if you start early and invest systematically for long term. No Life Line required.
All the Ravibhais should not think that they still have time to start investing so you can blow out your salary today. Reduce your unnecessary expenses and start investing.
If you are one of those Shashibhai, then don't worry you still have time. Don't worry. Start your SIPs today.
Ravi's investment appreciates to over Rs.14 lakhs while Shashi's investment grows to only Rs.5.6 lakhs.
Moral of the story is More the Time Period, better the returns. It doesn't matter how much you earn today, but what matters is how early you start investing. Mutual Fund investment can make you true CROREPATHI if you start early and invest systematically for long term. No Life Line required.
All the Ravibhais should not think that they still have time to start investing so you can blow out your salary today. Reduce your unnecessary expenses and start investing.
If you are one of those Shashibhai, then don't worry you still have time. Don't worry. Start your SIPs today.
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