Devin Consultants Financial Management in Singapore and Tokyo on Millennials! Want to retire rich? Here's what you need to do
The earlier you start your retirement planning, the better. The earlier you start your retirement planning, the better.Consider starting an SIP in equity mutual funds early in your career. Mange ungdoms tror på pensionering er en fjern realitet, der planlægges for nogle år. Wat dit meestal betekent is dat ze in hun 20s vaak voelen dat ze te jong zijn om te plannen voor hun pensioen! Men, pensionering planlegging blir viktig når du forstår at du endelig vil gå på en dag, og din månedlige betalkonto vil slutte å komme. Du trenger å bygge en betydelig korpus under din arbejdsliv for dine pengebehov under pensjonsår. Faktisk, jo tidligere du starter det bedre. "Start an SIP in equity mutual funds early, maybe when you are 25. The amount you invest at this stage may not be much but even Rs 1000 invested every month will grow significantly. This amount will be compound for the next 35 years and beat inflation - which is the whole point of planning for retirement early on, "said Ashok Kumar, CEO and co-founder of Scripbox. Here are few tips that can help you make a big corpus at the time of retirement. Start planning from today: The first and the most important step are to think and implement your idea for investing towards your financial goal of retirement as soon as possible. Unless you start saving, you will not achieve the wealth you want to get at the time of your retirement. Stick to the plan: Det lengste økonomiske målet er det pensjonsmål, og man må holde seg til planen, til det er oppnådd, selv om det tar 30 år å nå det. Do not divert your retirement savings to meet any other goal falling in between, unless it is very necessary and you do not have any other source of getting money. Go for automated savings: The best way to achieve your long-term goal more precisely your retirement goal is to go with automated investing. Instead of investing lump sum from time to time, SIPs are the best way forward which can be done through Electronic Clearing Service (ECS). Ved valg av dette valg vil du automatisk trække din sum på en forutbestemt dato hver måned. Dit proces kan worden gehouden voor een vast aantal maanden of zelfs gedaan op een perpetual basis. Ook kan de proces worden gestopt als per beleggersbehoefte. Be debt free: "Make sure you are debt-free and own your primary residence. And keep your expenses in check - do not spend more than 5% of your savings every year to pay for your living expenses in retirement, "says Kunal Bajaj, CEO & Founder, Clearfunds.com. Take advice regularly: You should always take advice from a certified financial planner or adviser. De er økonomiske doctors som alltid vil give dig en god og ægte råd. De bedre råd vil være, det lettere ville være for deg å få fra dine investeringer.