There is an old saying, "Money isn't everything but happiness alone can't keep out the rain." That’s why we must be earning good and then investing great! No matter your goal is to send your kids to the world’s top universities or to own a yacht when you retire, investing money is will only support you to live the life of your dreams.
What is Investment?
Investment can be defined as an asset that can be purchased and has ability to produce wealth over a time. It allows you to put your savings in to the financial vehicles that have potential to produce strong returns.
Investment allows you to increase your financial worth. You can meet those big financial goals in shorter duration, such as purchasing a home, a car, setting up your business and putting your children through college. This is why you must invest!
The choice of investment product also makes a huge difference. It is because your objective is to make more money and to generate additional cash flow for yourself. Here are 10 Best Investment Options in India for where you can park your idle funds:
1. Bank Fixed deposits
3. Mutual funds
7. National Pension Scheme (NPS)
8. Public provident fund (PPF)
9. RBI taxable bonds
10. Peer to Peer lending India
In today’s world with the rising cost of living just earning money is not enough. We all work very hard for the money we earn. Therefore, to lead a comfortable lifestyle or to fulfill those lush dreams you need to invest!