Tuesday, January 25, 2011

You are working hard for your money, Is your money working hard for you?








It's very true that you are working really really hard to earn your money......

But have you ever realized if your hard earned money is working that hard for you.....




Take a look at this illustration:


If you keep Rs 10,000 in your bank account for about 20 years, the return you get out of it is currently @ 3.5% per annum.


In simple terms, Rs. 10,000 grows to Rs. 19,900 in 20 years.....




If you invest Rs.10,000 in an option which gives you about 12% returns per annum, do you know what would be the growth??? Take a guess...... Now look at the figure....






Rs. 96,500


Yes, by smartly investing the money, your wealth grows by 5 times in this case. 


That's the magic of financial planning.........


Do plan your finances smartly.





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