Sab Banenge Crorepati, if you plan and execute

Sab Banenge Crorepati (Everybody can be a multimillionaire) if we dream, plan and execute systematically. Systematically saving a constant or variable amount with a minimum threshold termed as SIP (Systematic Investment Plan) is essential. It offers the following advantages.

• Compounding effect especially very steep in the long run.
• Disciplined and planned attempt keeping you in the path of goals.
• Dollar (Rupee) cost averaging especially while saving  vacillating market conditions. 

The calculation of compounding effect is shown in the spreadsheet worked out which you can see by clicking here.  You can find that as little as 6000 rupees can bludgeon into One Crore (10 Million) rupees if you systematically save for 30 years.

How to beat inflation?

The only way to beat inflation is to save in those instruments which offer return more than rate of inflation.  Keeping in savings bank and even in Fixed Deposits in Bank offering only 9% will not suffice, as the CPI inflation rate is around 11%.

To find out the exact price in the future you may use the  spreadsheet worked out by clicking here.



For complete financial planning and retirement planning advice and queries
Mukundan SN, CFA, CFP, CPFA
Certified Finance Planner
Mutual Fund Advisor
Email to: reliable.planner@gmail.com or mobile: +919789098720