why we should start investing?

Why investment is important? or why we should start investing?

if you ask a question yourself So answer is that when we work so hard to make our family financially secure and we deserve to have enough money to fulfill life goals and dreams. Maybe it World Tour, Higher Education or a happy Retirement or a Home at your dream place. So how it will happen? all of this can happen by choosing the right investment according to your age.

Here we will discuss…..

The factor we should consider before choosing an investment plan

1. Inflation

If you don’t know that here we must consider this important thing that Inflation reduces the ‘purchasing power of money because prices of flour, pulses, clothes, real-estate keep on increasing. But your cash does not increase.

For example

Let’s assume you keep Rs.10000/- in your locker today, then tomorrow that Rs.10000/- in your locker will become Rs. 9000/- because of inflation.

This time we have to focused on our basic needs because we don’t have that purchasing power that fulfills our dream. So in this situation dreams comes later. Now we have an option that beats this inflation.

2. Retirement Planning

Many people started their retirement planning after their children’s marriage or retirement. This is the worse plan for being financially free after retirement. After retirement you will need more money for medicines and operations, the cost of living will increase, and to make things worse, you won’t have any monthly income. To avoid this situation always keep in mind is your retirement fund.

3. Dreams/Goals

All of us have different dreams and goals in our life and this think make us different from others because we have different goals and dream in our life. Some want to higher education, someone wants to travel, others want to start a business. So your goals will decide the best investment option for you.