Today let’s speak about financial Independence. The topic is not new but today we will be talking about a particular group – Mom’s. Financial independence is must for everyone. A small step towards investing in right instrument can lead to exceptional financial gains. Investment ensures secure future.
Mutual funds is a easier medium to do so. The investment can start as low as 500 Rs. per month. We all know moms are good at savings. They can always have some money they save from monthly budget to fulfill our unplanned demands. Like picnic or a new doll or dress. They always have some money saved in a box in kitchen or in savings account for rainy day. However that money is very less and they feel helpless if the family faces any financial crisis. Rather than just keeping this money, if we can guide them to invest. Either in mutual funds or any other investment tool. Then they can have a substantial corpus for a rainy day.
It will boost their self image as well as self confidence. They will know that they can stand with the family in time of financ-al crisis. Not just emotionally but can help monetaryily too. This is our turn to guide the mothers to start investing this money.
Penny saved is penny earned and drop by drop a Ocean is made. No matter how cliché these proverbs may sound but they are the eternal truths. Investment in right products can give surprisingly good returns. Go through the below details, and ask for help if required.
If you are a mother and want to know fun ways to teach kids about money matters, head to my recent post !!