Remember piggybanks? 🐷

We’d drop our spare change in, watching it grow slowly. But as adults, that piggybank approach isn’t enough to fulfill our dreams and goals!

We need something effective, aka Investing!💡

While saving is crucial, investing is a much more important part. Think of it as a plant –if you want that plant to grow, you must nurture it with investment. 🌱

Most banks offer a 3-4% return on savings accounts, while inflation is approximately 7%.

So, while your savings might inch up in your bank account, the devil-named inflation will keep eroding their value.

According to a survey, 78% of Indians will not invest in 2023 due to recession fears and market volatility.

This isn’t a wise decision because long-term planning can easily tackle this volatility.

Investing isn’t just about money; it’s about securing your future, achieving dreams, and attaining financial freedom.

By investing, you harness the power of compound interest and market growth, allowing your wealth to flourish. 📈
So, start your journey from piggybank to portfolio today! 🏦

Your future self will thank you for it. 💯
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#financewithsharan #investing #investingtips #investing101 #salary…(read more)

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Compounding Is The 8th Wonder Of The World

When it comes to investing, one simple principle can make a huge difference in your financial future: compounding. Often referred to as the “8th wonder of the world,” compounding is a powerful tool that allows your money to grow exponentially over time.

So, what exactly is compounding? In simple terms, it is the process of earning interest on both the initial investment and the accumulated interest. This means that as your investments grow, they generate more returns, which in turn leads to even more growth. Over time, the effects of compounding can be truly remarkable.

To illustrate the power of compounding, let’s consider a hypothetical scenario. Say you invest $1,000 in a stock that earns an average annual return of 8%. At the end of the first year, your investment would be worth $1,080. In the second year, you would earn 8% on $1,080, bringing your total to $1,166.40. By the end of the fifth year, your initial $1,000 investment would have grown to $1,469.33.

Now, let’s imagine you continue to invest $1,000 each year for the next 30 years, earning the same 8% return. By the end of those 30 years, your investments would be worth a staggering $108,622.88. That’s the power of compounding in action.

The key to taking advantage of compounding is to start investing early and consistently. The more time your money has to grow, the more powerful the effects of compounding will be. Even small investments made regularly can add up significantly over time.

Additionally, it’s important to choose investments that offer compound interest or returns. This could include stocks, bonds, mutual funds, or other investment vehicles that allow for reinvestment of earnings.

In conclusion, compounding truly is the 8th wonder of the world when it comes to investing. By harnessing its power, you can set yourself up for a financially secure future and watch your wealth grow exponentially over time. So, start investing, keep consistent, and let compounding work its magic for you. #financewithsharan #shorts