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Savings kept idle in the cupboard or in your wallet in the form of cash will earn nothing as inflation will eat all your savings. If you invest the same amount, you will earn interest on it and eventually grow your money. Investing is how you take charge of your finances.

 “If you don’t find a way to make money while you sleep, you will work until you die” - Warren Buffett

Want to go for a girl’s trip to Europe but can’t because of monetary restrictions - Invest to fulfill your goal

Planning a trip begins when you start investing for that trip. Each financial goal like buying a new car, buying a new house, world tour, starting your own business, etc needs a separate investment. A concrete investment plan can help you stay on track and achieve your goals. 

"A Penny Saved is a Penny Earned" - Benjamin Franklin

Worried about how high will the prices of goods go? Invest to beat Inflation

As said earlier savings kept idle in the form of cash will not earn anything. Inflation will eat away all your savings. The interest earned from the investment will help you to beat inflation. For example, you were able to buy 1 kg of apple at Rs 100 in 2019, but today the same 1 kg of apple is worth Rs. 120. The difference in Rs 20 will be adjusted with the interest earned by your investment from 2019 till today. 

"Saving Money is Wise but Investing is Profitable"

Retirement is to enjoy life and not worry about money - Invest to Enjoy Retirement

Retirement is the stage where you have no or less income without any changes in your lifestyle. Investing for retirement is one of the main benefits of investing, you can enjoy your life with the same standard of living without worrying about anything. 

"It's safe for me to look at my finances without fear"

Ever cried by looking at your tax amount? - Invest for the Tax Benefit

Investing also helps in savings taxes. You may be paying more taxes than required if you are not investing in tax saving instruments. There are many tax-saving instruments like ELSS Mutual Fund, PPF, etc which can generate returns and also help in saving taxes. 

"Wise spending is part of wise investing. And It’s never too late to start" - Rhonda Katz

Who does not want to become wealthy? - Invest for Wealth Creation

Investing helps your money grow. Disciplinary way of investing results in wealth creation over a longer period of time. Long term wealth creation requires proper planning and discipline in investing. 

"Don’t work for Money, Make it Work for You" - Robert Kiyosaki 

There is a misconception around investing that you have to be an expert in the industry to invest when the reality is that there are so many resources and platforms like LakshMe that make your entire journey smooth and simple. You will gradually learn a lot and will develop a financial approach towards investments and other aspects of life. But the first step is to start. No matter the amount but starting is a very important thing. 

LakshMe is here to help you in your process towards financial independence. Feel free to write to us with any query you have, we will get back to you at the soonest.