Financial Freedom & Retirement
Financial Freedom For Early Retirement
Did you know - if you play your cards right and plan well, you can actually retire early with enough in the kitty? Here are 4 steps towards achieving that goal.
Calculate How Much
For a comfortable retirement, you will need to save at least 25x of your annual expenses (includes fixed, variable & loan repayment expenses). Calculate this number.
Maintain A Budget
Looking at how much you need, create a monthly budget and stick to it. This will help you achieve the required retirement corpus in a consistent manner.
In addition to sticking to a budget, you should also cut down on expenditure - the unnecessary kind. Do you really need that new phone when your existing phone works just fine?
Save & Invest
Make sure you save 30% of your take home. And use some of that to invest in mutual funds for the long term (5-7 years).
Invest With Scripbox
At Scripbox, we have a range of mutual fund options suited to your retirement needs.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.