Financial Freedom & Retirement

4 Steps

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. 

Reduce Expenses

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.