ARE OUR SAFE INVESTMENTS EARNING ENOUGH TO BEAT INFLATION (MEHENGAI)?
Every person who earns either spends or saves. Our savings are also for our future spending. Therefore it is important for our savings to grow faster than the rate of inflation (Mehengai) so that we do not face shortage of funds for our future needs.
Look at the following table to understand the impact better:
Savings Amount: Rs. 1000/- per month
Corpus at the end of 30 years if it earns CAGR of
| 6% |
8% |
15% |
17% |
10,09,500/-
(Ten Lakh..)
|
15,00,300/-
(Fifteen Lakh..)
|
70,09,800/-
(Seventy Lakh..)
|
1,12,57,700/-
(One Crore..)
|
Safe investments may earn just 6% to 8% and Risky investments 15% to 17% CAGR.
Can Corpus crated in 30 years out of our investments in safe instruments beat even the inflation over the same period? Cost of purchase of items of essential use may increase more than the value of our money!
Therefore it pays to learn to make our money work for us. Learn to deploy our hard earned money ideally that work for us. Read this book.
Click here to place your order now.