This is how you get regular monthly income of Rs. 90,000 just by investing Rs. 10,000 per month…
Everyone talks about SIP and how investing in mutual funds can build wealth, but here is a method which will help you create regular passive income from that wealth…
Here is the calculation basis 12% interest which you can easily generate from Index funds…
➡️ SIP
Investment – Rs. 10,000 per month
Duration- 20 Years
Corpus generated- Rs. 1,00,00,000
You will have 1 cr as corpus at the end of 20 years. Now here is what you have to do after 29 years. You need to start taking out Rs. 90,000 per month from that corpus.
➡️ SWP
Corpus – Rs. 1,00,00,000
Withdraw- Rs. 90,000 per month
When your Withdraw Rs. 90,000 per month , you will eventually take our Rs. 1,080,000 in an year… right ?
This 10.8 lacs is just 10.8% of your 1 cr… and you will still continue to get 12% return on your corpus… so when the interest you are earning is greater than the money you are taking out then your money will only grow and your 1 cr will never ever reduce…
Share this video with your friends and follow @improvementtherapy for more such amazing personal finance content to grow financially and be better everyday…
#shorts #retirement #passiveincome
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