Invest for long term, buy a home with that money and retire at 50 and Indulge in an expensive lifestyle with remaining money
Joke apart, like many, I too have inconsistent financial goals or targets. It keeps on changing
The present target is to save some money and to replace the current mobile which is almost 3 year old now
While I don’t keep “Invest for long term and then indulge life” as the ultimate aim, I do save a lot. Because in a way “Retire at 50” is kind of the same as the long term thing. At least I look at it this way.
I read somewhere that in 1980, only 4.6% of US citizens owned mutual funds, which is comparable to the rate in India today, but this number increased to 48.6% over the next 20 years, during which time the US economy grew by leaps and bounds.
We are seeing a similar opportunity in India, where we are talking about doubling our economy in the next ten years.
Below is an article along the same lines. It is now up to the individual to decipher this.