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The secret to stable finances is to manage money in such a way that it creates wealth.
This is what we are going to outline here. Watch out for the surprise at the very end.
This could be life changing for you.
For those who haven’t started their investing journey yet, SIP or Systematic Investment Plan in mutual funds is the best way to start.
SIP allows you to start with as little as Rs 500 per month. Gradually as your confidence improves, you can start investing more.
This plan outlines how you can become a millionaire 10 times over in a span of 12 years.
You don’t invest in shares. You invest in an honest broker or financial planner. Be friends with him. You don’t invest in education. You invest in a good teacher. Be friends with him. You don’t invest in healthcare. You invest in an expert doctor. Be friends with him. You don’t even invest in your business. You invest in your employees and your customers. Be friends with them.
Majority of parents are worried about investing right for their children’s bright future. A simple search on Google reveals that the media is almost totally covered by insurance companies offering traditional and unit linked plans in the name of child benefit plans.
there is a secret to make long term SIP successful and that is, you avoid timing the market. Put simply, it means that you are not looking for an opportune time to invest, rather you are deciding to stay invested across multiple market cycles.
Step 1. I – Identify your goalsStep 2. D – Determine time available to achieve your goalsStep 3. E – Estimate the funds needed to achieve your goalsStep 4. A – Assess your risk-taking capacityStep 5. S – Start Now