Wealthmojo ( Mutual Funds, Personal Finance, Stock Market )
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About Wealthmojo ( Mutual Funds, Personal Finance, Stock Market )
One Stop Solution for Learning Personal Finance. π Welcome to our (Wealthmojo) Personal Finance Channel! ππ The channel is not responsible for the article posted. Do consult your financial advisor before making any buy or sell decisions! Hare Krishna!πβ€οΈ
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Rule of Buying House!π‘
1.Started SIP at 38 with βΉ8,000/month No side hustle, no inheritanceβjust regular investments through Systematic Investment Plans (SIPs). 2.Compounding is the real game-changer With 12% CAGR over 22 years, βΉ8K/month grows to βΉ77.3L. Increase SIP by 10% yearly? You reach βΉ1.28 Cr! 3.Retirement strategy: SWP from Debt Funds At 60, shift corpus to a 7% Debt Mutual Fund, start a monthly SWPβgenerate βΉ55K/month, with βΉ2.85 Cr corpus still at 80. 4.Why this worksβeven with a late start No need for high-risk trading or massive SIPs. Just SIP β let it grow β switch to SWP for passive income. 5.My core rules for wealth creation β 10% SIP hike yearly β Invest in direct mutual funds (lower cost) β Never stop SIP during market falls β Annual goal review 6.The cost of doing nothing Without investing: inflation kills value, no pension or passive income, and you risk lifelong financial dependence. 7.Advice if youβre 35β45 & havenβt started Start SIPs with βΉ5KββΉ8K/month. Be consistent. Track every 6 months. You're not lateβyou're right on time.
Hare Krishna, Everyone!ππΏβ€οΈ
Hare Krishna, Everyone!ππΏβ€οΈ
Retire Rich With βΉ20 Crore By the Age of 60!π‘
Hare Krishna, Everyone!ππΏβ€οΈ
All About Mutual Funds!π―π‘
SIP Rule 7-5-3-1!π―
Hare Krishna, Everyone!ππΏβ€οΈ
Power of Compounding Investment of βΉ500000!π‘