Savings and Investments Calculator: With time, inflation is increasing and the value of money is decreasing. In such a situation, if you are thinking that in the coming 30 years you will be able to save up to Rs 1 crore and your future is secure. So wait a moment! Because in the next 30 years the value of Rs 1 crore will reduce to just Rs 23 lakh. In such a situation, in view of the continuously skyrocketing inflation, start thinking from now about saving more and investing in the right place.
It is important to take care of asset allocation
If you are looking to save more in the long run, it is important to understand asset allocation. This is a very important strategy for investment. This means dividing your investments into equity, debt, gold and real estate. That is, when, where and how much money has to be invested as per the market rate.
You should always invest keeping inflation in mind because as prices increase, the cost of your goals will also increase. In such a situation, when you feel that you have collected enough money to fulfill your goal, then perhaps the value of that thing will also increase.
Make savings keeping this formula in mind
If you are saving now thinking that in 30 years you will become rich by accumulating Rs 1 crore, then your thinking is wrong because by then the value of this Rs 1 crore will reduce to Rs 23 lakh. Suppose you have to invest Rs 25 lakh to achieve your financial goal in ten years and the annual inflation rate is 5 percent, then according to the formula you have to invest not Rs 25 lakh but Rs 40 lakh to achieve your goal. Will have to do. Only then will you be able to achieve your financial goals in the next ten years.
read this also
If you need money immediately then take help of these Instant Loan apps, you will get money instantly but be careful also.
