Unlock Financial Freedom: The Magic of Time & SIPs
Subratta Guhaa
Financial Consultant for wealth management and Business Transformational Consultant for Small and SME industries
Once upon a time, there was a young professional named Rohan. Fresh out of college, he wanted to ensure he’d have enough money for his future—buying a home, traveling, and even retiring early. One day, his friend Priya introduced him to the 15x20x12 SIP formula, a simple way to create wealth using mutual funds.
The Journey Begins
Priya explained, "It’s simple. Start by investing 15% of your monthly income. Stick to it for 20 years, and aim for a 12% annual return. Trust me, the results will surprise you!"
Rohan was skeptical but decided to give it a shot. He calculated his monthly income and set aside ?20,000 for a SIP (Systematic Investment Plan).
The Power of Compounding
Years went by, and the magic of compounding did its job. After 20 years, Rohan was astonished. His total investment of ?48 lakh had grown to a whopping ?2 crore! Priya reminded him, "This is because of discipline and sticking to your plan. The longer you stay invested, the more your money grows."
Moral of the Story
Rohan’s story is a great example of how small, consistent investments can lead to big rewards. Whether saving for your dream home or building a retirement fund, the 15x20x12 SIP formula can help you achieve your goals.
So, are you ready to start your own story of wealth creation? Dive into SIPs today and let time and consistency work their magic!
Could you share your understanding/views of this article? WhatsApp me: +91-9748412678 ; Email me: [email protected]