Investment Tips: If you want to enjoy your life in future, then put your money to work along with yourself.. know how?

Often, we feel that to become rich, we have to work hard day and night, but the truth is that real wealth can be created not just by hard work, but by putting money to work wisely. When you invest a fixed part of your salary, such as 30 percent, every month in the right way and at the right place, then in a few years this investment starts giving you income equal to or more than your salary.

Invest for a long time.

Mutual fund expert Abhishek Singh told Local 18 that when we buy any item, it looks good only for some time, and its utility gradually decreases, whereas there is no age limit for investment. The longer the investment is made, the better the return, because the power of compounding is added to it.

Make investing a habit.

He further told that a person has a working age, like 50, 55, or 60 years. After this, the job or other regular means of income end. In such a situation, if you have invested regularly in your working years, then even after retirement, you have strong financial security. This is possible only when you make investing a habit. Be it monthly, half-yearly, or yearly.

Invest wisely

Abhishek Singh also warns that investing in haste can be dangerous. Nowadays, youth are investing money in call-put options of the stock market without a full understanding, where 90 percent of 100 people are incurring losses. This is not an estimate, but the figures of the Indian market regulatory body SEBI, so it is better to invest long-term wisely than sink money in haste.

Invests in the economy

At the same time, he said that if you are afraid of investing money in equity mutual funds, then you can choose hybrid funds, which are safe and also give good returns. Remember, when you invest in a mutual fund, that fund invests in the country's economy. As the economy grows, so does your money.

The real beginning of becoming rich

Abhishek also believes that fear about investment and the stock market is created in our home since childhood. People think that there is only risk in investment, but the truth is that there is risk in everything, in every decision in life. Investment can be divided into two parts. One part in a fixed deposit (FD) and the other in a mutual fund. This maintains balance, and wealth also grows safely. So if you want your money to make money, then inculcate the habit of investing from now on.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.