Retirement is frequently viewed as the final phase of the human journey, but in reality, the groundwork for a secure and enjoyable retirement must be established far earlier. The quotation "Sar Uthaake Jiyo" resonates strongly with today's Indian youth, who want to live freely and with dignity without relying on children in future. This goal emphasizes the necessity of early and deliberate retirement preparation, beginning with the first paycheck. Here's why retirement planning is essential for a safe financial future.
Starting Early: The Power of Compounding
The road to retirement begins with your first salary. The compounding principle, which allows your assets to grow exponentially over time, works best when you start early. By committing even a tiny amount of your income to retirement savings from the start, you may leverage compounding to establish a substantial nest egg. This systematic strategy guarantees that your investments have enough time to grow, giving a financial buffer to help you in your golden years.
この記事は Outlook Money の September 2024 版に掲載されています。
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この記事は Outlook Money の September 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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