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👇👇
(1/9)
#retirementplanning #personalfinance #FinancialFreedom #investing
well, invest just Rs 15K per month! 😱
.
.
Don't believe? See, our experts have chalked out a way for you👇👇
(1/9)
#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 ⤵️
(2/9)
People hv dreams, but haven't really planned for it! This was evident in a research we did based on millions of inputs ⤵️
(2/9)
⚠️ 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👇
(3/9)
#personalfinance
⚠️ 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👇
(3/9)
#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👇
(4/9)
Say-
Monthly Income: 40k
Expense on essentials: 15k
Expense on non-essentials: 8k
EMI: 0
Insurance Premium: 2k
Savings: 15k
The result👇
(4/9)
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
(5/9)
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
(5/9)
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:
(6/9)
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:
(6/9)
How much investment is required for achieving these goals on time? 🤔
We found the answers in Recipe.finology.in > Dashboard > Goal Planner
(7/9)
We found the answers in Recipe.finology.in > Dashboard > Goal Planner
(7/9)
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? 🥲
(8/9)
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? 🥲
(8/9)
Let’s explore a new strategy, where she can take a home loan on goal maturity i.e. after 13 years. 🥅
(9/9)
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
(9/9)
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
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