Smart way to increased you money with Minimum risk

If suppose you are earning Rs.400000 a year which is only Rs.1095 a day.

No one ever got rich working A 9-5. There is nothing wrong with having a job. A 9-5 pays the bills, but it's not meant to sustain you forever. Save money and invest smartly it's time to learn how to make money work for you.

Who doesn’t want to grow their money? Before focusing on ‘how to grow your money’, it is essential to understand what it means to be rich. Does being rich mean driving a BMW and dining at a high-end restaurant for you? Or being rich means having ensured a financially secured future for yourself & your family?

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Write down your investment goals.

While you're paying down any debt and building your emergency fund, you should think about why you're investing. How much money do you want to have, and how soon? Your goals will affect how aggressive or conservative your investments are. If you want to go back to school in three years, you'll want to play it safe with your money. If you're saving for retirement decades from now, you can afford to roll the dice a bit more. In short, different investors have different goals. These goals affect their investment strategy. 

Are you looking to:

• Hold your money in such a way that it grows at a rate just above inflation?

• Have money for a house down payment in ten years?

• Build a nest egg for retirement many years in the future?

• Build a college fund for a child or grandchild?

Don’t Put All Your Eggs in One Basket

Never be religious about any specific investment.Rather, be open to a range of investment plans at once. In investment terminology, it is better known as diversification. Simply put, it advices the investor to put his money across diverse options such as real estate, bonds, stocks and commodities. This is one of the best ways to grow your money by thinning out the chances of being at complete loss if one investment turns out to be a failure as you would still have other options to count on.

Option of investing through mutual funds

If you are vary of investing in stocks or are confused about the company where you should put your money, the option of mutual funds may be right for you.

This way you can invest in stocks of different companies, though indirectly, and gain the benefits of the stock markets without having to research stocks, study the market etc.

Fund houses have researchers and experts to study and analyse stocks.

You automatically have a diversified portfolio since mutual funds invest in multiple companies and different industries- this reduces the risk factor. Further you can make a modest beginning since most mutual funds are available for a small investment of Rs 5,000.