In Nowdays price of everything is raising constantly, If I will say prices are not raising. The fact of raising the prices of everything because the value of our currency(i.e. Ruppess) goes down constantly.
Let's compare some fact when we are independent then, the value of our currency equal to US dollar (1 INR = 1$) but nowdays the value decreases and it become 1 $ = 73 to 74 INR. So, we don't break the inflation of value of our currency that means our saved money in banks, in our home and other places all the value of that money decreases constantly.
If you follow the tradition of saving the money in banks which gives only 3-4% of interest on your saved money. That's means saving money in banks also results downing the value of money. Now, what is required to do again inflation? Firstly, we go through the reason of inflation in currency.
After covid, our government prints lots of money which effect the value of our currency. Infact, US government also prints lots of money which occurs bad effect of dollar value.
Now, Overcome from such a inflation and become Rich, we should invest the money in Assests. Unlikely Banks which gives only 3-4% interest, Investment in assests gives 12-15% of interest. Let's explain how you rich in just 20-30 years by just Investment.
Let's assume, if you invest 2000 every month in stocks which gives 12% of interest throughout year , then you makes total value of ₹19,98,296 after 20 years and ₹70,59,828 after 30 years by just Investing 2000 every month. Now, your total Investment is ₹7,20,000 and you got ₹70,59,828 after 30 years which 10 times of your Investment.
Let's again take one assumption, if you are student like me. If you invest minimum of 500 every month and now assume how it's convert after 20 or 30 years. Okay, see the below image to crack the conversion.
Basically, stock investment works under compound interest of your Invested money every year, long term you invested, long conversion you got.
Bingo, Now you are millionaire by investing just 6000 per month for 30 years.
Investment is the future, I know this is the slow process to become Millionaire but it's worth it for all.
Thanks…