I was a mess in my early 20’s. Having said that, I loved being one at that time. I cared less about money, not that I care more now, but as I grew I understood about the value it holds in our life. Initially my parents used to push me to save and then later my wife, backed up by bunch of solid friends who are now family. One of my dearest friend, Kushan Shah taught me the (50-30-20) rule of Need-Want-Save which I truly love.
Savings is not a mere thing for money, the real thing is investing your savings and growing it. Investing at the right place, at the right time. The sensitive factors to be taken in consideration is the risk and the time. Successful investing is about managing risk, not avoiding it. There are tons of stuffs to invest on – stocks, MF, PPF, govt schemes, gold schemes or the trending thing of the town – crypto to name a few. Take advices from the ones who are knowledgeable in investments. Focus on growing your money.
About 6 months ago, we were discussing about buying a new car and were fixing a budget. I was looking out for a specific budget and suddenly my father reminded me of an investment I had made, 5 years ago. That had grown by about 37%, as a result we could increase our budget to a significant level.
In these tough times, your right investment will impact the next 10 years of your life. Invest little, but start. It will grow if you’ve sown it in proper manner.
