Living pay-cheque to pay-cheque will not allow you to retire with peace. So instead of spending your excess money, consider investing it for long-term.
In order to multiply your wealth, you need to invest your money. Investing allows you to put your money in vehicles that have the potential to earn strong rates of return.
If you don’t invest, you are missing out on opportunities to grow and multiply your wealth.
As a wealth multiplier, I believe, wise investing can preserve your spending power in the years to come. It allows you to enjoy a stress-free, peaceful retirement life. It equips you to be prepared for any financial emergency.
Here are the top 6 reasons of why to invest –
GROW YOUR MONEY
“If you don’t find ways to make money while you sleep, you will work until you die,” says Warren Buffet
Smart and systematic investments can allow you to multiply your wealth. Most investment vehicles offer good returns over long term. These returns allow your money to accumulate, creating wealth over a span of time.
“Life begins at retirement but for those who had invested for their golden age”
While you are young and working, you should be saving money for retirement. Create your investment portfolio for your retirement savings such as stocks, bonds, mutual funds, and real estate.
EARN HIGHER RETURNS
In order to multiply your wealth, you need to invest it in a place where it can earn higher rates of return. With Investment vehicles, you can explore multiple opportunities to earn higher rates of return than a general savings account.
MEET YOUR FINANCIAL GOALS
Investing can help you achieve your financial goals – short term and long term. As mentioned earlier, investment vehicles ensure higher returns than a general savings account. This return on your investments can be used toward major financial goals like buying a home, buying a car, or your child’s education, or your child’s marriage.
Many people are already aware of the tax deduction available under section 80C of the Income-tax Act, 1961. The maximum amount that can be claimed under this section is of Rs 1.5 lakh for a specific financial year.