How much do you need to invest every month to have 1crore in 30 years?
Fundamentals of financial planning
The answer is Rs. 3,500 every month.
That’s equal to the price of a shirt and a pair of jeans.
That’s probably equal to two big restaurant dinners in a month.
If you want to start up, you must learn managing money. If your cash is in your savings account, you are losing money every day.
Even if you don’t want to start up, you must learn managing money.
Here are some common myths about money:
“I don’t need to plan for money now. I will start when I am 30/35/40”
“The only way to make wealth is to find the highest paying job.”
“Maximize savings, buy gold, invest in FD/RD, buy real estate”
“Real estate always goes up”
“Investing in stock market is too complex. I don’t understand. I don’t have the time.”
“You will lose all your money in stock market. It is too risky for me.”
“Mutual Funds are the best way to invest money in stock market.”
Read why these myths are all wrong and my 4-step financial planning process here:
Enter 2021 with a clear financial plan and an automated process!