Do you want to save money or invest somewhere in the new year? Then today’s article is just for you. Everyone saves money or invests somewhere to secure the future. Some keep money in banks, post offices, while others invest in mutual funds. If your goal this year is to save as much as you can, we’ve got a plan that could help you become a millionaire in the next few years, even if you’re only saving a little bit each day. Let’s dive in!
To hit that millionaire mark, you need to save consistently and put your money in a safe spot where it can grow and earn you the best returns. Patience is key here, as you’ll want to invest for the long haul.
When it comes to investing, one of the top choices is a Mutual Fund SIP. By regularly investing in a mutual fund SIP over time, you can build up a significant amount of money. You can start with just Rs 500 a month!
Now, if you save just Rs 10 a day, that adds up to Rs 300 each month. If you invest that Rs 300 in mutual fund SIPs and keep it going for 35 years, you could end up with around Rs 1.1 crore, assuming an interest rate of 18 percent.
Desclimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.
