No tension of expensive college fees, save 7 thousand per month and create a fund worth lakhs, know the complete mathematics

News India Live, Digital Desk: Not only this, our children should grow up and earn fame, study in good universities and get settled. But, what is the biggest obstacle in today’s times? Inflation! Especially in the matter of education (Education Inflation), seeing the speed at which inflation is running, one gets sweaty. The degree which is being offered today for Rs 10 lakh may cost Rs 25-30 lakh less after 15 years. So the question is – are we ready? Don’t worry, there is a smart way! Often we think that our salary should be very high to save crores of rupees for the child. But it is not true. All you need is the right timing and the right plan. If you start a Systematic Investment Plan (SIP) today itself, even your small investment can grow into a huge tree over time. What is the magic of ₹7,000? Suppose your child is still small. What will happen if you withdraw just ₹ 7,000 from your salary every month and invest it in a well-diversified mutual fund? If you do this investment continuously for 15-20 years (until the child goes to college). And you get an average annual return (compound interest) of 12-15% (which is possible in the stock market over a long period of time). So believe me, when your child turns 18 or 20, You may have around Rs 1 crore in your hand! How to save money? We often spend unnecessarily on eating out on weekends, branded clothes, or non-essential gadgets. If we cut down on these small things, saving ₹7000 is not difficult. Remember, compounding is the eighth wonder of the world, but it works only if you give it time. If you don’t start now, the pressure to add larger amounts later will be too much. So what are you waiting for? Talk to a good financial advisor and lay the foundation of your child’s dreams today. A little investment today is the secret of a happy tomorrow!