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To safeguard the future financially, it is important to invest as soon as the earnings start. The postponement of saving has the same effect on the financial situation at the time of retirement.
- News 18
- Last updated:November 19, 2020, 9:36 am IST
The example above clearly shows that for an annual return of 11 percent, an investment of Rs 5,000 each month can generate up to Rs 1 crore in 5 years. If you look at the 10-year gap, this number gets even bigger. After this example, it can be said that the sooner the investment is started, the financially stronger your future will be.