Exercising discipline is extremely important in every aspect of life. This cannot be more stressed in the case of managing your money. The manner in which you manage your expenses is the key to reduce liabilities and save more. According to a famous trading and investing legend- One must not spend time looking for the… Read More »
Investing for your retirement may not be the most important thing on your mind when you start your career. For most people, investing may not even be on the priority list when they start their career. When you start your career, your saving capacity may not be much in absolute terms, as your salary itself… Read More »
How does compounding work? When you save Rs.100 and get an annual interest of 10%, you will have Rs.110 at the end of one year. If its a compounding interest rate, then next year you will get a 10% interest on Rs.110, which then makes it Rs.121. The next year, interest will be calculated on… Read More »
You will notice that the more you delay, the more you need to invest, hence it makes sense to consistently set aside about 10% of your monthly income for your retirement fund. This will mean your savings will increase correspondingly with your income, enabling you to grow your funds exponentially.