EQUITY IS INEVITABLE FOR WEALTH CREATION
Suppose say, you want to travel from your residence to the Airport.
let me take my own example.
From my house, the Google Map says it takes 1 hour to reach Airport by Cab
Now, let's assume, I change my mode of transport from a Cab to Public Bus Service.
The destination (Airport) remains the same but the time taken to reach it doubles from 1 hour to 2 hours!
I didn't change the route or the destination but just the mode of transport.
Now... let's assume, I decide to WALK all the way to the Airport.
Can you guess how much time it would take me to reach the Airport...
A full 7 hours (yes SEVEN HOURS)
Will I not reach the Airport If I decide to WALK?
Of course, I will!!
But, will it make sense to take a long arduous walk of 7 hours and reach the Airport fully tired and with zero energy?
Likewise, you definitely will become a Crorepati when you do invest in a Bank FD.
At 6% interest, and investing Rs.5000 per month, you will become crorepati in 40 years & 8 months !!!
But at 15% returns (avg Stock Markets return for the past 42 years), and
at the same Rs.5000 per month, instead of 40 years, you will become Crorepati
in just 22 years & 9 months !!
But at 22% (returns generated by Nippon Growth Fund), at the same Rs.5000 per month, you will become a crorepati in just 17 years.
Disclaimer : While Nippon Growth Fund has given 22% CAGR in the last 26 years, please note that the comparison with Nippon growth Fund is purely an example and is not an indication to either invest in the fund nor an attempt to show that you could get such a return. Mutual Fund Returns are subject to Market Risk and past returns are purely indicative and may not be repeated in future.
Having a crore in 17 (or 21) years is 100 times better than having a crore in 40 years!
If you are traveling to the USA, which mode of transport would you prefer?
Flight, Ship, or Car?
The best mode is FLIGHT
Even by Ship/Car, you can reach the US but what about the time taken and the strain involved.
But the best option is FLIGHT.
Similarly, for WEALTH CREATION, the best option is EQUITY MUTUAL FUNDs
All other modes will also help in your Wealth Creation but will take their own sweet time.
Every investment is important but it always depends on WHEN you want to reach your destination.
BTW, you will reach your destination of the USA even by walking but don't ask me how long will it take!!
same way...you can become CROREPATI by keeping money in an SB account but don't ask me how many YEARS it will take...
Change your mode of transport to reach your destination quicker
Change your mode of investment to become Wealthy Quicker!!
All the Best
#DontRetireRich #WealthyHabits #WealthOfWisdom
You can also watch the video here
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All the best,