A 5-year delay in saving money can result in a loss of 1 crore! get it here

New Delhi. Just a few years delay in your first investment can cause you to lose millions of rupees. Most financial experts say that he should start saving as soon as he starts working. You don’t have to save a huge amount for this. The investment can be started just by saving a small amount. This small amount each month can create a large corpus of savings for your future. Today, based on saving Rs 5,000 per month, we will tell you how it can work for you in the long run. You may be surprised to learn that a delay of just 5 years in saving can result in a loss of Rs 1 crore.

For example, let’s take three inverters. These three investors have started investing Rs 5,000 every month at different ages. All of these investors are investing for their retirement up to age 58.

Also read: SBI offers the cheapest home loan! 100% discount on the processing fee

, Investor ‘A’ has started investing at the age of 23. With an average investment of Rs 5,000 per month, he expects an average return of 11 per cent. At the age of 58, he will have Rs 2.64 crore as retirement fund.

, Investor ‘B’ has started investing Rs 5,000 per month from the age of 28. They also expect a return of 11 percent. At the age of 58, he will have Rs 1.40 crore as retirement fund.

, Investor ‘C’ starts investing at the age of 33. They too expect only an 11 per cent return on investment of Rs 5,000 per month. Consequently, investor ‘C’ will have only Rs 79 lakh as retirement fund at the age of 58.

Also Read: Why Didn’t India Join The World’s Largest Trade Deal, What Will Its Effect Be?

The example above clearly shows that investing Rs 5,000 every month for an annual return of 11% can earn up to Rs 1 crore at the end of 5 years. If we look at the interval of 10 years, then this amount is increasing. Following this example, it can be said that the sooner you start investing, the stronger you can make your future financially.undefined

Be the first to read the latest news in Hindi GKTodayCurrentAffairs.Com | Today’s latest news, live news updates, read the most trusted Hindi news website GKTodayCurrentAffairs.Com |

Tags: business news in hindi, Investment