RECURRING DEPOSITS
RECURRING DEPOSITS
Saving money is hard, investing money is even harder. It's easy to keep a savings account with a small amount of money in it, but most people will want to build up their savings and probably invest thereafter and to do that you need to save regularly.
The
problem is that if you can only afford small amounts at a time, how do you get
the most out of your savings to a point where you can make a decent investment?
That's where recurring deposits come into play.
Recurring
Deposits can make a difference between not making an investment or making a
small investment to investing in a way that can completely change your
financial outlook. Every big goal starts with a small step; what you can
afford, the furthest you can reach, the simplest thing you can do right now.
You want to build yourself financially start with Small Regular Deposits and if
you invest in something that gives you a decent annualized return your small
deposits will grow into a huge financial wealth.
This
is the power of Compound Interest; small regular deposits coupled with decent
growth rates can make a big difference. This is the secret to financial
freedom.
Ask
yourself, what can you afford?
That
could be the difference between what makes you and what breaks you financially.
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