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News India Live, Digital Desk: Not only this, that our children grow up and earn a lot of name, study in a good university and get settled. But, what is the biggest obstacle in today’s times? Dearness!
Especially in the matter of education (Education Inflation), seeing the speed with which inflation is running, one gets sweaty. The degree which is being offered today for Rs 10 lakh may cost Rs 25-30 lakh less after 15 years. So the question is – are we ready?
Don’t panic, there is a smart way!
Often we feel that our salary should be very high to save crores of rupees for the child. But it is not true. all you need is Timing And Right Plan of.
If you start a systematic investment plan from today itself (SIP) Even your small investment can grow into a huge tree over time.
What is the magic of ₹7,000?
Suppose your child is still small. If you spend only one month from your salary every month ₹7,000 What will happen if you withdraw it and put it in a good diversified mutual fund?
- If you make this investment continuously for 15-20 years (until the child goes to college).
- And you get an average annual return (Compound Interest) of 12-15% (which is possible in the long term in the stock market).
- So believe me, when your child turns 18 or 20, it will be in your hands. 1 crore rupees The amount could be around Rs.
How to save money?
We often spend extravagantly on eating out on weekends, branded clothes, or non-essential gadgets. If we cut down on these small things, it is not difficult to save ₹7000.
Remember, compounding is the eighth wonder of the world, but it only works when you do it. time Let’s give. If you don’t start now, the pressure to add larger amounts later will be too much.
So what are you waiting for? Talk to a good financial advisor and lay the foundation of your child’s dreams today. A little investment today is the secret of a happy tomorrow!
