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Initiate Investing ASAP as each rupee and year counts!!

This blog is not for those who born with a silver spoon in mouth and doesn't have to worry about their financial position, but those who want to save but don't know how OR they complain every time about do not have enough money for saving OR those who feel a shortage with money at the end of the month.

Saving money regularly is just a simple habit nothing else! Like your other habits decide your present and future, money-saving habits can also decide the financial status of our present and future.

How to develop the Habit of saving money?
Make a list of your unnecessary, avoidable expenses, it could be anything asks to yourself what expense if mine might go on to the list of savings, our basic problem is that we never make a list of our expenses, so we don't know where our money is going. By making a list you will catch those reasons.

Example - some time ago, I have heard audio of one RJ has called a boy named Virat and asked him to make some calculation of how much he has actually spent on his girlfriend in his 7 years of relationships. For chocolates, flowers, parties, movies, Dinner, shopping, outstation journeys, long rides total expenses come to an unbelievable total of 50 lakhs in 7 years. He became speechless for a while on phone, then he said what the hell!! I love her but how stupid I am...I can buy Jaguar with that money that I have spent for useless reasons.

See I am not saying spending money on your girlfriend or somewhere else is unnecessary or totally avoidable expenses but you need to make some calculation at least, even if he has spent just 25 lakhs in 7 years I don't think his love towards his partners would have been affected, and that 50% (25 lakhs) of Virat's money had been saved and invested in any well known mutual funds with 12% CAGR on a monthly basis of
₹ 30,000 for 7 years it would have become ₹39.2 lakhs and even he makes that habit continue for 6 more years he became crorepati with the value of ₹ 1.11 crore.

Your every rupee has the potential of compounding multiple times to become an unbelievable amount. Even a single investment of ₹ 100 in Bank Fixed deposits would turn into ₹ 1 lakh in 100 years...That's compounding!!

So make a list and start saving and investing.. as each rupee and year counts!!


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