Investment Plan: Today everyone wants to become a millionaire so that all their needs are fulfilled. But due to this most people are unable to reach their financial goals. Because they are not serious about future plans. However now some people start planning for their future with their first job.
Age above 40 Is everything useless now
In our country, some youth start saving money as soon as they get a job after studies and also decide their retirement plan. Some youth today choose the age of 40 for retirement, and this is also becoming possible. At the same time some people think about investing when they turn 35-40 years old. Because when they were 25-30 years old.
they were not serious about investing. There was only one logic that now is the time for fun. Will think about saving later. But later responsibilities kept increasing and they could not save money.
What this 15x15x15 formula?
There are three 15s in it, the first 15 determines the amount of investment. That is 15 thousand rupees need to be invested every month. After that the second 15 means that the investment has to be continued for 15 years. While the third 15 says that 15 percent interest should be received annually on that investment.
this formula work
How can you become a millionaire in just 15 years with the 15x15x15 formula (15*15*15 Rule in Mutual Funds). For this, you will have to invest 15 thousand rupees every month in mutual funds for 15 years, and 15 percent annual interest should be received on this investment.
After which in 15 years the investor will get a total of Rs 1,00,27,601 During this time. the investor will have to deposit Rs 27 lakh, on which a bumper interest of Rs 73 lakh will be received.
If you understand at a young age, you will benefit more
The sooner you start investing, the more benefits you will get. By adopting this formula. you can raise more than Rs 2 crore in 20 years. For which the amount of investment every month (Rs 15,000) and the interest on it (15%) will remain the same, only the time will increase to 20 years.
Under the 15x15x20 formula (15*15*20 Rule), you will have to do SIP of 15 thousand rupees every month for 20 years. On which 15 percent interest has been estimated, which has been given by the mutual fund in the last two decades. With the 15x15x20 formula, you will be able to deposit Rs 2,27,39,325. With this, you can fulfill all your needs at the age of 60.
Benefits of SIP: This interest must be surprising you, but it is possible. Because in SIP. interest is added through compounding formula. Initially. interest is received on the original investment. then interest is received on the interest. With this, you can become a millionaire by regular investment every month.