HomeInvestmentCELEBRATE CENTENNIAL YEAR OF INDIAN INDEPENDENCE AS A SUPER MILLIONAIRE
CELEBRATE CENTENNIAL YEAR OF INDIAN INDEPENDENCE AS A SUPER MILLIONAIRE
July 29, 2022
Even if you know this, you’ve probably thought about getting rich quicklyby investing in the stock market.Don’t blame yourself for that. The culture of immediacy is ingrained in our daily lives, but it’s up to you to change your mind set before it ruins your finances.
With the advancement of technology, we are bombarded by stimuli that lead us to be immediate.Instant messaging, fast-food chains, internet shopping have got us used to this pattern of agility.We make quick decisions without thinking. We want everything and now!
Long term investments? No, no waiting. That’s why day trading attracts so many people. This immediacy in investments can have catastrophic results.
Investing is building a peaceful future, but for that, you have to get out of the rat race. No one wants to be a bill payer for the rest of his/her life.
Investing for the long-term means saving and investing money well with the aim of accumulating capital for the future. Making long-term investment in mutual funds in India might not be the most exciting way, but it is the most effective.
The 3 pillars of financial independence (saving, earning more and investing better) take work and require disciplineand patience.
A systematic investment plan (SIP) is a plan where investors make regular, equal payments to a mutual fund.
This Type of Mutual Fund Scheme allows investors to save and invest a small amount of money instead of investing a large sum of money at once.
If you want to become a millionaire by the centennial year (2047) of Indian independence, we have something for you!Just by investing Rs. 5000 per month in an SIP which givesan 18% return p.a*, you will be able to obtain:
Rs. 16,81,288 after 10 years i.e., in 2032**
Rs. 1,17,17,436 after 20 years i.e., 2042**, and
Rs. 2,91,16,561 in the year 2047**
As you can see, by the end of 2047, you will become a millionaire. All you need to do is to start investing a particular amount every month in an SIP (which you can choose properly with the expert team of RKFS).
Big investors got rich in the long run
Great successful investors, such as Benjamin Graham, Warren Buffett, and Charlie Munger, became rich in the stock market with long-term investments.Buffett even has the principle of investing in stocks of good companies with a focus on the long term.
Is investing for the long term worth it?
When we invest, we think about the long term, we are not giving up having things now, but prioritizing the achievement of something much bigger down the road.Although the future seems far away, it arrives much sooner than you think.
When you get there, will you be grateful that you planned for the long term, or regret not having done so?It is worrying to know that only 1% of retirees are financially free.
To avoid problems in the future, financial planning in the present should be the number one priority as long-term investments present the best income opportunities because of compound interest.
The longer the time horizon that your money will be invested, the better. That way, you will no longer have to work, as your money will be working for you.