APNA SAPNA APNA SAPNA MONEY MONEY MONEY MONEY

!!

But managing money and But managing money and creating wealth is nowhere creating wealth is nowhere linked to type of education linked to type of education

coursecourse

MBA students are different. MBA students are different.

Some MBA students may Some MBA students may feel that managing funds feel that managing funds

is the last thing in their is the last thing in their mind after a grueling day mind after a grueling day

juggling between juggling between assignments and studiesassignments and studies

Others say that money Others say that money numbers only confuse them. numbers only confuse them. And of course there are And of course there are

those who rely solely on their those who rely solely on their father and other male family father and other male family members when it comes to members when it comes to money. It is the elders who money. It is the elders who make financial decisions. make financial decisions.

It is worth mentioning here It is worth mentioning here that YOU can be a pivot of that YOU can be a pivot of Family’s Wealth creation. Family’s Wealth creation.

How ? How ?

There are certain There are certain misconceptions which misconceptions which deny the students, the deny the students, the option to plan family option to plan family

finances.finances.

Myth Myth I The finances are left to I The finances are left to my parents, why should I bother my parents, why should I bother ? ? What if the unforeseen What if the unforeseen

happens and you are left all alone. happens and you are left all alone. Be prepared for the worst even if Be prepared for the worst even if you don’t want to take complete you don’t want to take complete

charge of finances, try and charge of finances, try and understand where the money is understand where the money is

coming from and where it is going. coming from and where it is going.

Myth IIMyth II Managing my Managing my finances is too complex. finances is too complex.

That’s a cop out. Financial planning That’s a cop out. Financial planning

and management is a learning and management is a learning process. You really need to process. You really need to

understand your requirements and understand your requirements and identify your goals. You can even identify your goals. You can even take help of a financial consultant take help of a financial consultant friend to manage your finances. friend to manage your finances.

Myth IIIMyth III My father earns and My father earns and saves for the family. Why should saves for the family. Why should

I ?I ? Because statistically speaking, you are Because statistically speaking, you are

likely to outlive your father . Having likely to outlive your father . Having your own savings gives you additional your own savings gives you additional security. Remember to always invest security. Remember to always invest

and not let your savings remain in a low and not let your savings remain in a low paying saving account or a bank locker. paying saving account or a bank locker.

PASSAGE TO BECOMING A PASSAGE TO BECOMING A MILLIONAIREMILLIONAIRE

First Step :First Step : BE CONVINCED that BE CONVINCED that MONEY GROWS ON TREES.MONEY GROWS ON TREES.

SECOND STEP is :SECOND STEP is : ‘‘START EARLY & INVEST START EARLY & INVEST

REGULARLY TO BECOME A REGULARLY TO BECOME A MILLIONAIRE’MILLIONAIRE’

I am illustrating a painless I am illustrating a painless way to turn your HUNDREDS way to turn your HUNDREDS

into LACS. into LACS.

seems unbelievable…….. seems unbelievable…….. (after all, very few people (after all, very few people become a millionaire in a become a millionaire in a

lifetime).lifetime).But is is true.But is is true.

““Money Plant” Money Plant” works on works on a simple concept that a simple concept that mathematicians call mathematicians call

COMPOUNDING.COMPOUNDING.

If you invest Rs. 500/- a If you invest Rs. 500/- a month for 35 years in a month for 35 years in a

deposit which earns you 8 % deposit which earns you 8 % annual returns, Rs. 2.10 lacs annual returns, Rs. 2.10 lacs saved by you balloons into saved by you balloons into

Rs 10- lacs . Rs 10- lacs . You get You get Rs 7.90 lacsRs 7.90 lacs as as

bonus.bonus.

If you invest Rs. 325/- a If you invest Rs. 325/- a month for 30 years in a fund month for 30 years in a fund which gives you 12 % annual which gives you 12 % annual returns , your Rs. 1,70,000/- returns , your Rs. 1,70,000/- becomes Rs. 10 lacs. becomes Rs. 10 lacs. Rs 8.30 Rs 8.30

lacs lacs accrue to you without accrue to you without effort.effort.

If you invest Rs. 500/- a If you invest Rs. 500/- a month for 22 years, in a plan month for 22 years, in a plan which earns you 16 % annual which earns you 16 % annual returns, your Rs. 1,32,000/- returns, your Rs. 1,32,000/-

get converted into one get converted into one million. million.

You are plus by You are plus by Rs 8.70 lacs.Rs 8.70 lacs.

IS THIS NOT AMAZING ? IS THIS NOT AMAZING ? YES IT IS MAGICYES IT IS MAGIC

The chart below does all The chart below does all the homework for you. the homework for you.

Just get started.Just get started.

““MONEY PLANT” OF ONE CRORE (assumed investment Rs 500 p.m.#)MONEY PLANT” OF ONE CRORE (assumed investment Rs 500 p.m.#) YEAR 8% 10% 12% 16% 20%

1 62,60 63,25 63,90 65,20 66,50

2 130,20 132,82 135,46 140,83 146,30

3 203,22 209,35 215,62 228,56 242,06

4 282,08 293,54 305,39 330,33 356,97

5 367,24 386,14 405,94 448,38 494,86

8 1 LACS

9 1 LACS

10 1 LACS 1 LACS

11 1 LACS 2 LACS

12 2 LACS

14 2 LACS

15 2 LACS

16 5 LACS

17 2 LACS

18 5 LACS

19 I MILLION

21 5 LACS

22 1 MILLION

23 5 LACS

26 5 LACS

27 1 MILLION

30 1 MILLION

35 1 MILLION

You can invest even You can invest even Rs 500 p.m. Rs 500 p.m. or amount of your choice. or amount of your choice.

You can invest for all You can invest for all members of your family members of your family

separately.separately.

TIPS :TIPS :

DISCIPLINE DISCIPLINE – Invest regularly – Invest regularly to create wealth.to create wealth.

START EARLY- START EARLY- The The sooner you start sooner you start

building your wealth , building your wealth , the faster you will reach the faster you will reach

your target.your target.

RETURNRETURN – In order to become a – In order to become a MILLIONAIRE MILLIONAIRE , you have to assess , you have to assess

how much secure return your how much secure return your investment will give. Investing investment will give. Investing

regularly in stockmarkets in good regularly in stockmarkets in good A group shares and diversifying A group shares and diversifying your portfolio into debt, equity & your portfolio into debt, equity & gold can give you good returns.gold can give you good returns.

INFLATIONINFLATION –Smart –Smart investors leave little investors leave little

money in savings money in savings account and fixed account and fixed

deposits. We should look deposits. We should look at post- inflation returns at post- inflation returns

on any investment.on any investment.

FUTURE VALUE FUTURE VALUE – – Always aim for a Always aim for a

target figure. Try not target figure. Try not to withdraw from this to withdraw from this

Rs. 1 million Rs. 1 million investment plan.investment plan.

WEALTH WEALTH MANAGEMENTMANAGEMENT Wealth comes easily and in Wealth comes easily and in

increasing quantities to anyone who increasing quantities to anyone who invests, wisely, 10% or more of his invests, wisely, 10% or more of his monthly income. Money works only monthly income. Money works only

if invested in profitable avenues if invested in profitable avenues based on expert advice. Investment based on expert advice. Investment

must be continuously reviewed . must be continuously reviewed . Wealth flees from the investor who Wealth flees from the investor who expects unreasonable returns from expects unreasonable returns from

unreliable business based on unreliable business based on inexperienced advice.inexperienced advice.

As Indians earn more, save As Indians earn more, save more and accumulate more, more and accumulate more, financial advisors will play a financial advisors will play a crucial role in helping their crucial role in helping their

customers create and protect customers create and protect and manage wealth.and manage wealth.

This new look financial service is This new look financial service is all set to shepherd your all set to shepherd your

financial future and guide you financial future and guide you towards not one but many towards not one but many

crore.crore.

The above article is The above article is dedicated to all smart people dedicated to all smart people

who wish to sail in the who wish to sail in the Wealth Creation boat and Wealth Creation boat and become a MILLIONAIRE.. become a MILLIONAIRE.. The author, your financial The author, your financial consultant friend CA Kapil consultant friend CA Kapil Agrawal, is regional vice Agrawal, is regional vice

president at SSJ FINANCE president at SSJ FINANCE and is ready to help you in and is ready to help you in achieving your dreams. . achieving your dreams. .