Mutual Fund is the simplest and easiest way to create wealth. It actually works in the autopilot manner which will help you to achieve your future goals. We just have to create the goal, invest amount per month according to the goal plan and thus we can achieve our financial goals easily.
9 years back I started my Wealth Creation journey with just Rs 1K and today I have reached 25 Lakhs per annum. It all started with small amount and thus increasing my investment and thus reaching to a point where money is making money I.e. compounding is happening. So slowly and steadily we will acheived our goals, it is just that we have to stay consistent and disciplined.
I know I am no where near to my financial freedom but still every single day I am inching closer to it. For example, if my financial freedom is X amount, I might have reached X/20th. So now whatever I have saved till now is also working with me to reach to that X amount.
And that's why keeping it simple matters. If you just invest in 4 funds, one large cap, one mid cap, one small cap and one flexi cap then you are good. You are diversifying your investment and also taking the calculated risk by investing in all the asset class. Now people usually over complicats the investment and thus it clutter their portfolio.
So if you are thinking of creating wealth using Mutual Fund, you just have to invest amount as per your financial goals and thus stay consistent and reach that goals with ease. Increase your investment whenever you get a raise and see how money will work for you when you sleep.
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