- Start small but early in your life.
- Let the savings be steady without break
- Don't draw on it frequently but for emergencies in which case replenish at the earliest.
If you follow a disciplined approach, then a savings of Rs.10000/- can become a Rs. One crore by 22 years. You may calculate and see for yourself how investment grows and feel the power of compounding in this spreadsheet link by clicking here.
You may also see the applet in mobile devices.
Contact for your planning advice: Mukundan SN, CFA, CFP mail: email@example.com