Dream House / Car

Almost all of us at some point in our lives dream of an abode that we would like to settle in a “dream house” some may call it, and others may call it a need. Either way a house is on everyone’s mind, but only a few systematically plan for it. The key is to start early, as time is your best friend when it comes to compounding money.

Systematic Investment Plan (SIP)
Start a SIP, in any form. It can be in the form of a recurring deposit (if you are 50+ and too conservative), or a mutual fund investment plan (for good and low risk returns) or if you are a maverick invest in stocks directly. But do it consistently, that’s the secret. Just imagine that your pay was lower and think about the formula: Income – Saving= Expenditure. That’s the key.