Personal Finance Insights #31.
Invest Early. Delay Costs Heavy.
For a higher education goal, investing ₹5000 every month at 10% could grow to:
Start at age 1 > ₹33.8 lakh by age 20.
Start at age 6 > ₹18.2 lakh by age 20.
A 5-year delay can reduce the final corpus by about 46%( ₹33.8 lakh Vs ₹18.2 lakh).
For retirement, the same ₹5000 monthly investment at 10% could grow to:
30 years > ₹1.13 crore
25 years > ₹66.3 lakh
20 years > ₹38 lakh
A 5-year delay can reduce the final corpus by about 41% ( ₹1.13 crore Vs ₹66.3 lakh).
The lesson is simple:
You cannot buy back lost time.
#PersonalFinance #InvestEarly #Compounding #FinancialLiteracy
