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How to save money ? - Ganesan Thiru

Growing Money needs discipline. Focus on creating Wealth and not Profits.

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Consumer Price Index, CPI has been steadily increasing. CPI is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

Credit: Tradingeconomics.com

170  160 150 140 130

    2018   2019     2020    2021 2022

INFLation

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Prices of daily needs have risen multifold. Whereas growth in jobs & income across sectors is yet to be seen especially in manufacturing and infrastructure sectors. How to save money so that you can better manage your financial goals, be in buying a home, car, children education or saving for retirement ?

INFLation

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Do you know what is the  returns percentage on fixed deposits in bank ?

2012   2014   2016     2018    2020   2022

9 8 7 6 5 4 3

FD Returns

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Time VALUE OF MONEY

Do you think you can meet all your financial goals with this returns percentage ? Value of money when kept idle decreases its worth because of inflation in prices. You should invest money to beat inflation.

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Indian equity market is a growth market. Economy has been increasing because of availability of skilled labour. Observe how Sensex has grown in the last 25 years.

                     2002      2006     2010     2014    2018   2022

50000 40000 30000 20000 10000

 growing indian market

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Identify Financial Goals

Know how much to Invest and how long

Know where to Invest and how to Invest for each Goal

Live a happy & stress free life.

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Do you want wealth ?

How do you do all of this ? Checkout my course on "Grow Your Money", where I have given all my learnings, tools and techniques to follow and make your own financial planning.