Thread by @myfinology

How can I buy a house of 50 Lakhs & retire with a corpus of 1 Crore, both by the age of 45?

well, invest just Rs 15K per month! 😱
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Don't believe? See, our experts have chalked out a way for you👇👇

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#retirementplanning #personalfinance #FinancialFreedom #investing

Owning ur dream house & early retirement are two most important milestones for any individual. However, one often gets compromised for the other! 😕

People hv dreams, but haven't really planned for it! This was evident in a research we did based on millions of inputs ⤵️

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⚠️ 83% Indians haven't planned for #retirement !
⚠️ 77% Indians haven't planned for dream house!

(Find more shocking facts in d full report for FREE: bit.ly/IndiaMoneyHabi…)

Anyway, if u r one of those who haven't planned, worry not. We'll help u👇

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#personalfinance

The 1st step is understanding ur Spending profile (Recipe.finology.in > Dashboard > Prosperity Ingredients > Spending Habits)

Say-
Monthly Income: 40k
Expense on essentials: 15k
Expense on non-essentials: 8k
EMI: 0
Insurance Premium: 2k
Savings: 15k

The result👇

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37% monthly savings.. that's quite enough.

But how can u achieve ur financial goals with just Rs. 15K out of monthly savings?🤔

Firstly, it’s crucial to know ur risk appetite so that u chose d right investment:
Recipe.finology.in > Dashboard > Financial Appetite

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Let's say.. she's a 25-year old with no dependents.

Of course, she would have a higher risk appetite. 🌡️

But the investment strategy would also depend on her investment goals. 🎯

Let’s look at her investment goals:

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How much investment is required for achieving these goals on time? 🤔

We found the answers in Recipe.finology.in > Dashboard > Goal Planner

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Total monthly investment reqd. for the goal is 17K, but she currently saves 15K p.m.!

Does this mean she can't achieve her goals? 🙄

Well, she can! A gap of 2k isn't much, she would eventually get a raise/bonus & that can fill up the gap.

But what if she doesn't? 🥲

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Let’s explore a new strategy, where she can take a home loan on goal maturity i.e. after 13 years. 🥅

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See.. a simple & planned investment strategy can help attain all ur goals with ease!

So, don’t adjust ur dreams, adjust ur financial plan :)

#personalfinance #investing