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HOW TO CONVERT 4000 RUPEES INVESTMENT PER MONTH FOR 120 MONTHS THAT IS 10 YEARS
INTO 1,80,00,000 AND GENERATE 1,20,000
Book I suggest you must Read – (Click on The Link Below)
Systematic Investment Plan is an investment vehicle, where an investor makes fixed, regular payments into a mutual fund, to reap the benefits of long-term investing. It helps you gain exposure to your selected asset class through the investment of a small or large amount of money, at fixed intervals and in a disciplined manner.
Benefits of a SIP
The compounding factor: make your money work for you by generating earnings which are further reinvested to generate their own earnings. The compounding process ensures that both the capital gains and interest earned from an investment, earn interest, as time passes.
Rupee cost averaging: trump the maxim “buy low, sell high” by automatically adjusting quantity bought against price, in order to average the cost of acquisition over time. Investing a fixed amount in the markets, at regular intervals helps lower the average cost of investment, as one buys more quantity when the price falls, and less quantity when the price rises.
Market timing becomes redundant: invest wisely across market cycles, reducing the impact of volatility. Since investments are made at fixed regular intervals, timing the market for appropriate entry levels becomes less important.
TIP NUMBER 2- DO NOT BUY A CAR UNLESS NEEDED
Buy a car on EMI is not the good option, There is an opportunity cost attached to it.. watch to understand in detail
Tip no 3 – How to use a credit card??
I have explained the wise way to use the credit card in short, you have to make the payment in full always,as credit card debt is a vicious circle. (in my previous videos)
I have also explained why you need a financial planner.
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