Hello Sir, One clarification. The excel sheet shows this calculation you mentioned, is mathematically correct. However, question is about practicality. If a person starts in 1960 by investing 110 Rs per month, and increases 15% per year Y-o-Y, then the final corpus in 2020 after 60 years is 10 Cr. However, the catch is that 15% Y-o-Y becomes harder as time increases. In the above example, person who started off in 1960 (inflation adjusted 11 K p m now -> in 1960 is 110 Rs p m) targeting to achieve 10 Cr by 2020 end (6 years) -> the calculation shows that he has to contribute 5.5 L every month in 2020 (and 2.5 Cr in last 5 years 2016-2020) so that the corpus totals to 10 Cr in 2020 end.
Anam
I still love reading. No fan of vblogs 🙂
As in reading one can just pause, close eyes, ponder, meditate and internalize.
But video, there is multiple stimulation, sight-motion-sound.
Is it possible to upload transcripts of your video in the blog along with the video link?
SS
Hello Sir, One clarification. The excel sheet shows this calculation you mentioned, is mathematically correct. However, question is about practicality. If a person starts in 1960 by investing 110 Rs per month, and increases 15% per year Y-o-Y, then the final corpus in 2020 after 60 years is 10 Cr. However, the catch is that 15% Y-o-Y becomes harder as time increases. In the above example, person who started off in 1960 (inflation adjusted 11 K p m now -> in 1960 is 110 Rs p m) targeting to achieve 10 Cr by 2020 end (6 years) -> the calculation shows that he has to contribute 5.5 L every month in 2020 (and 2.5 Cr in last 5 years 2016-2020) so that the corpus totals to 10 Cr in 2020 end.
Anam
I still love reading. No fan of vblogs 🙂
As in reading one can just pause, close eyes, ponder, meditate and internalize.
But video, there is multiple stimulation, sight-motion-sound.
Is it possible to upload transcripts of your video in the blog along with the video link?