Why do we need to INVEST? - A blog for beginners to create Financial literacy
In my previous blog post had explained the requirement and importance of Hygiene factors as a precursor to entering the markets . Thank you for all the feedback .Today, let us explore the reason behind wanting to INVEST . Why would anyone want to save and invest ? Let us understand the reasoning behind this with a small example! Meet the dreamer Mr. Happy ! Happy Singh and Chintamani are best friends residing in rental properties in nearby neighbourhoods .They both earn 24 lakhs p.a by working in an MNC . However their approach to life & investment is totally different ! Happy Singh enjoys life , true to his name .He SPENDS first and whatever is left in the end of the month he invests . He believes he is young and youth is the time to explore, enjoy and travel often. His philosophy : YOLO 😎😎 The result : He is left with around 15,000 by the month end after paying all his EMI 's for loans ( Mobile , Laptop , Personal , 4 Wheeler ) and splurging on food