Do you still believe in saving? Do you still think saving is the best option for your future security? Well, it’s a harsh fact but in today’s world saving may not be adequate to ensure financial safety. So, earning money and keeping it idle is not enough. There are two reasons behind it one, it does not have potential to beat the inflation and second, the idle cash is your bank a/c is an opportunity lost as it is not capable of earning more money. The best solution to have a financial security in a long run is to make your money work for you and how to do that? By Investing.
Investing provides you with three such benefits that ensure your present and future financial security Those are:
- It helps you to grow your wealth by making your money work for you
- Same time, generate inflation beating returns
- The one benefit power of compounding
Investment creates a great opportunity to fulfil your any kind of financial goal such as, purchasing a house, accumulating retirement corpus, building an emergency fund & many more. Some investment vehicles like equity linked saving scheme (ELSS), Public Provident Fund(PPF), National Pension Scheme (NPS), etc also help you to minimise the tax liability.
Investment not only generate a wealth for you but it also inculcate a sense of financial discipline as one can develop a habit of keeping aside particular amount every month or every year towards an investment.
