Most good habits are learned best and they work well when you start earning. The same is the case with investing. The earlier you start, the better it is for you.
Watch this video to learn all about how much you should save and invest. Here are the key takeaways:
1) Investing early helps you build larger wealth reserves since you benefit from the power of compounding over a longer period of time.
2) Due to compounding, a person who has invested early will accumulate more wealth than another person who has invested later in life even if both have invested the same amount of money.
3) To fulfill a financial goal that will arise in future, figure out how much the goal will cost when it is due for fulfillment; take into account inflation.
An investor education initiative. Mutual fund investments are subject to market risks, read all scheme related documents carefully.