Now that you have a lump sum, you’re probably wondering what to do with it. Does it make sense to leave it in your RD or savings bank account or should you be making better use of it?

While this is cause for celebration, it’s important you don’t get carried away by the situation. Here are some tips to make the most of this opportunity.

Here is a four step approach that can help you achieve big financial goals.

Maybe it’s to travel the world extensively or give back to society in a more meaningful way by investing your time or you may simply want to settle in a sleepy town to go fishing every day. Whatever your reason, if you plan to retire in your 40s you need to be well prepared financially.

Under relatively few assumptions, it can be shown that every Rs 1 that you save each month and invest becomes Rs 277 at the end of ten years (Rs 1,100 at the end of 20 years), assuming you also invest it well.

Retiring rich means retiring with not just enough to last us for at least three decades, but the kind of money that is not at the risk of “running out”.

Here are three goals that you can start investing for straight away and realise the benefits without waiting for too long.

While planning your retirement corpus, one needs to think through 2 very important questions.