How to build a MONEY PLANT where money can be plucked

1. APNA SAPNA MONEY MONEY !

6. There are certain misconceptions which deny the students, the option to plan family finances.

7. Myth I The finances are left to my parents, why should I bother ? What if the unforeseen happens and you are left all alone. Be prepared for the worst even if you don’t want to take complete charge of finances, try and understand where the money is coming from and where it is going.

8. Myth II Managing my finances is too complex. That’s a cop out. Financial planning and management is a learning process. You really need to understand your requirements and identify your goals. You can even take help of a financial consultant friend to manage your finances.

9. Myth III My father earns and saves for the family. Why should I ? Because statistically speaking, you are likely to outlive your father . Having your own savings gives you additional security. Remember to always invest and not let your savings remain in a low paying saving account or a bank locker.

10. PASSAGE TO BECOMING A MILLIONAIRE First Step : BE CONVINCED that MONEY GROWS ON TREES. SECOND STEP is : ‘ START EARLY & INVEST REGULARLY TO BECOME A MILLIONAIRE’

11. I am illustrating a painless way to turn your HUNDREDS into LACS. seems unbelievable…….. (after all, very few people become a millionaire in a lifetime). But is is true.

12. “ Money Plant” works on a simple concept that mathematicians call COMPOUNDING.

13. If you invest Rs. 500/- a month for 35 years in a deposit which earns you 8 % annual returns, Rs. 2.10 lacs saved by you balloons into Rs 10- lacs . You get Rs 7.90 lacs as bonus.

14. If you invest Rs. 325/- a month for 30 years in a fund which gives you 12 % annual returns , your Rs. 1,70,000/- becomes Rs. 10 lacs. Rs 8.30 lacs accrue to you without effort.

15. If you invest Rs. 500/- a month for 22 years, in a plan which earns you 16 % annual returns, your Rs. 1,32,000/- get converted into one million. You are plus by Rs 8.70 lacs.

16. IS THIS NOT AMAZING ? YES IT IS MAGIC The chart below does all the homework for you. Just get started.

17. “ MONEY PLANT” OF ONE CRORE (assumed investment Rs 500 p.m.#) YEAR 8% 10% 12% 16% 20% 1 62,60 63,25 63,90 65,20 66,50 2 130,20 132,82 135,46 140,83 146,30 3 203,22 209,35 215,62 228,56 242,06 4 282,08 293,54 305,39 330,33 356,97 5 367,24 386,14 405,94 448,38 494,86 8 1 LACS 9 1 LACS 10 1 LACS 1 LACS 11 1 LACS 2 LACS 12 2 LACS 14 2 LACS 15 2 LACS 16 5 LACS 17 2 LACS 18 5 LACS 19 I MILLION 21 5 LACS 22 1 MILLION 23 5 LACS 26 5 LACS 27 1 MILLION 30 1 MILLION 35 1 MILLION

18. You can invest even Rs 500 p.m. or amount of your choice. You can invest for all members of your family separately.

19. TIPS : DISCIPLINE – Invest regularly to create wealth. START EARLY- The sooner you start building your wealth , the faster you will reach your target.

20. RETURN – In order to become a MILLIONAIRE , you have to assess how much secure return your investment will give. Investing regularly in stockmarkets in good A group shares and diversifying your portfolio into debt, equity & gold can give you good returns.

21. INFLATION –Smart investors leave little money in savings account and fixed deposits. We should look at post- inflation returns on any investment.

22. FUTURE VALUE – Always aim for a target figure. Try not to withdraw from this Rs. 1 million investment plan.

23. WEALTH MANAGEMENT Wealth comes easily and in increasing quantities to anyone who invests, wisely, 10% or more of his monthly income. Money works only if invested in profitable avenues based on expert advice. Investment must be continuously reviewed . Wealth flees from the investor who expects unreasonable returns from unreliable business based on inexperienced advice.

24. As Indians earn more, save more and accumulate more, financial advisors will play a crucial role in helping their customers create and protect and manage wealth. This new look financial service is all set to shepherd your financial future and guide you towards not one but many crore.

25. The above article is dedicated to all smart people who wish to sail in the Wealth Creation boat and become a MILLIONAIRE.. The author, your financial consultant friend CA Kapil Agrawal, is regional vice president at SSJ FINANCE and is ready to help you in achieving your dreams. .