Confession Time !!
Today and in few of the future posts I will pen down some of the financial mistakes I made in my life,cause I don't want others to commit the same mistake.
I started earning right after I completed my graduation at the age of 21. I was earning around Rs 8000 a month, with no responsibilities to shoulder.
I did not invest much then except in a Life Insurance Policy. I felt liberated, with money in my hand and no one to answer to.
At 21, had I kept 'Retirement' as a goal and would have started investing only Rs 5000 per month and increased it by 10% every year and invested in Equity Mutual Funds, after 24 years, today, I would have been sitting on a whopping corpus of Rs 2 Crores.
So the key is think of retirement the day you start earning and invest in instruments capable of giving 2 digit returns.
Please share this with people you care for especially the Young Population (18-25 Yrs).
Happy Investing !!
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