3 Reasons To Increase Your SIP In 2018

Find your own reason to increase your SIP in 2018. Make it your first task this year.

We recommends increasing your SIP by 10-20% every year in line with the increase in your salary. However, we noticed that many of our members go the extra mile and make much larger increases in their SIP..

We asked a few of them, how and why they did this, and here’s what we learned:

#1.“I want to reach my goal sooner.”

The most common reason being the realization of how easy it is to save once you set up an automated SIP. A goal that is 2 or 3 years away such as a trip to the States, or buying furniture for your new apartment can be achieved much sooner if you consistently increase your SIP amount.

#2. “I’d like to take a sabbatical from work in the next 6 months.”

For those who wish to take a planned break, it makes a lot of sense to increase their SIP now. This helps in 2 ways:

By cutting down expenses, so your money lasts longer in your break
By creating a larger savings pool.

#3. “I cut down on commute by cabs to work by buying a bike. The money I now save has helped me increase my SIP.

This is how a bit of forward thinking can go a long way in creating a virtuous cycle. Use your savings to replace a recurring expense, and create even more savings.

Find your own reasons to increase your SIP in 2018. Make it your priority this year. Increased SIPs every year can enhance your portfolio of investments than constant SIPs.

Comments

Mutual Fund Advisor

Mutual fund advisor can make a big difference so call them for your help.

Why rely on LUMP SUMS when WEALTH is just a SIP SUM away.

Why rely on LUMP SUMS when WEALTH is just a SIP SUM away. A small amount invested regularly can make you wealthy. Scroll down to see how you can SIP and grow rich. It helps you to be disciplined about investing With SIPs, you invest amounts at a regular frequency. It allows flexibility in investments You can choose your investment amount and the frequency of your investments. It gives you long term gains through compounding Your investments grow exponentially because of re-invested returns. The key to becoming wealthy is to start early A SIP (Systematic Investment Plan) helps you do this with a small amount. For instance, a monthly investment of Rs.5000 can make you a crorepati! Here's why SIPs are the best way to invest in mutual funds: A SIP story - Rs.5000 to a crore

just Rs. 10,000/month get you a crore.

WHAT CAN RS. 10,000 GET YOU? You'll be surprised by the third thing. Scroll down and see for yourself. A weekend holiday with friends or family An expensive gift for your special someone Rs. 1 crore for your financial freedom RS. 10,000 INVESTED WISELY, EARLY AND REGULARLY CAN MAKE YOU A CROREPATI. HERE’S HOW. Step 1 Start investing in mutual funds with just Rs. 10,000/month Step 2 Increase the monthly investment by 15% every year Step 3 Keep calm and watch your savings grow into wealth Follow these three simple steps and watch your savings grow into a crore.

Search This Blog