Post
anupamroongta
Personal Finance
How investing ₹1000 more can make a difference of ₹10 lacs?
Let's take an example:
You start investing monthly, the expected annual interest is 12%, for 10 years.
You start with ₹10k a month.
After 20 years:
Invested: ₹24 lacs
Est. returns: ₹67.98 lacs
Total value: ₹91.98 lacs
Or what if you start with ₹11k a month?
After 20 years:
Invested: ₹26.40 lacs
Est. returns: ₹74.78 lacs
Total value: ₹101.18 lacs
Even a small difference can lead to amazing returns in a long time.
Keeping aside a little bit more (i.e. ₹1000) won't make a huge difference to your lifestyle.
But it will make a considerable difference to your assets.
Remember the saying, "boond boond se ghada bharta hai"?
Start putting two drops more and you'll be able to fill the pot in halftime.
Nov 21 1:28 PM
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