May we ask what gets you up in the morning? We hope it’s not seeing your boss’ face every day. Or finishing a pile of tasks in the office. Or meetings. Or all those boring things you do at work. What probably gets us all excited to go to work is probably our life goals. For some, it could be traveling the world, for some it’s their dream car, or a house, or it could be about getting rich. We all want to achieve all of it one day, but unfortunately, most of us don’t even have a plan. So, here’s an easy way to get you there faster.
Start an SIP for at least Rs.6000 every month. That’s Rs.200 per day. The amount you probably spend on lunch every day.
Increase the amount every time you get a raise.
Even if you end up investing Rs.6000 every month, it would yield a return of Rs. 2,70,000 by the end of 2022. Enough for a Euro Trip or a down payment of your car.
You also need to keep in mind that by the end of every year, you will get a salary hike. So, by the end of 2022, if you are able to invest almost triple of what you invest today, you are going to be rich in the next 6 years. Well, that’s a good enough reason to get up in the morning, isn’t it?
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*Mutual fund investments are subject to market risks, read all scheme related documents carefully.