HR Zone » General Awareness » Magic of Regular Savings
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2190 Views
4 Replies
Magic of Regular Savings
Posted 20-02-2011Reply
MAGIC OF REGULAR SAVINGS
SAVE RS.5000/- EVERY MONTH FOR THE NEXT 5 YEARS
RS.5000 X 60 MONTHS = RS.3,00,000/-
ASSUMING A CONSERVATIVE RATE OF 14% PER ANNUM
AFTER 5 YEARS RS.3,00,000/- GROWS TO RS.4,36,003/-
WITHDRAW RS.5,000/- EVERY MONTH FOR THE REST OF YOUR LIFE
WITHOUT DISTURBING YOUR PRINCIPAL AMOUNT
WHEN U START WITHDRAWING FROM THE 6TH YEAR, THE INVESTED AMOUNT OF RS.3,00,000/- WHICH HAS GROWN TO RS.4,36,003/- AT THE END OF THE 5TH YEAR WILL ACTUALLY MOVE UPTO RS.4,38,445.55 AT THE END OF THE 10TH YEAR.
START INVESTING ON A REGULARLY
AND
CREATE WEALTH FOR THE FUTURE