We believe numbers speak louder than words. So, have a look at the following numbers. Here, the Monthly Investment Amount is Rs 10,000 and the Expected Rate of Interest (RoI) is 7% for all three examples:
Investment period = 30 years
If you invest Rs 10,000 monthly for 30 years at an expected annual RoI of 7%, you accrue Rs 1.2 crores before tax.
- Total accrued amount: Rs 1,22,70,875 (Rs 1.2 crores)
- Amount invested in 30 years: Rs 36,00,000 (Rs 36 lakhs)
- Wealth gained: Rs 86,70,875 (Rs 86.7 lakhs)
Investment period = 25 years
If you wait just another 5 years before you start investing and your investment period is 25 years, presuming the investment amount is the same Rs 10,000 monthly at an expected annual RoI of 7%, you accrue Rs 81.5 lakhs before tax.
- Total accrued amount: Rs 81,47,971 (Rs 81.5 lakhs)
- Amount invested in 25 years: Rs 30,00,000 (Rs 30 lakhs)
- Wealth gained: Rs 51,47,971 (Rs 51.5 lakhs)
Investment period = 20 years
If you delay your investments a further 5 years and your investment period is 20 years, presuming the investment amount is the same Rs 10,000 monthly at an expected annual RoI of 7%, you accrue just Rs 52.4 lakhs before tax.
- Total accrued amount: Rs 52,39,654 (Rs 52.4 lakhs)
- Amount invested in 20 years: Rs 24,00,000 (Rs 24 lakhs)
- Wealth gained: Rs 28,39,654 (Rs 28.4 lakhs)
Moral of the Story
Although we do not need to explain since the numbers tell the full story, waiting just 5 years to start investing means you have lost more than Rs 35 lakhs in future income (Rs 86.7 lakhs minus Rs 51.5 lakhs). And waiting 10 years has lost you more than Rs 58 lakhs (Rs 86.7 lakhs minus Rs 28.4 lakhs).
These are huge sums of money that you are potentially going to lose by delaying investments by just a few years. But that’s not the worst news of all...
Once Missed, Gone for Life…
Yes, the years that you will be earning are limited. Which means that once you miss investing for your future in a particular year, it’s gone for good. You cannot turn back time, and you cannot keep working and earning indefinitely either.
So, get on the phone and contact a OneInsure expert today at 86559-86559 to discuss investments plans that provide the additional benefit of insurance and a safety net for your family. Optionally, you can email us at email@example.com.