Investing early is the key to a secured future. Starting to invest early not just supports your retirement plans but also inculcates a practice of saving from a younger age. If some of you require funds to open your own company/venture in future, investing is essential. The mantra is the earlier you invest, the wealthier you become. Early investment protects you in the event of an emergency.
The question that must be coming to your mind is what is the right age to invest?
The best age to invest is around the early years of the 20s, that is, around the graduating years. Young age is not a hindrance to investing, certainly, as it’s never too early to invest. The small amount of money invested now will display a greater bank balance in future.
Robert Kiyosaki, the renowned American businessman once said that “Don’t work for money, make it work for you.”
Let us illustrate this statement through an example. If you invest Rs. 1,000 per month through Systematic Investment Planning (SIP) in a mutual fund that earns a 10% annual return from the time you are 20 until you are 50, you will have a sum of over 22 lakhs as your investments. Now, if you invest Rs, 1000 per month from the age of 25 until you are 50, the corpus would be smaller, that is, only around 13 lakhs. This is the power of compound interest.
Don’t you want to be financially independent by planting a little seed that would bloom into a full-blown asset in future?
Start thinking……. Begin Investing!!!