INVESTING WITH Rs. 500: LEARN THE TOP 5 WAYS OF DOING IT

 

START EARLY AND INVEST REGULARLY

No matter how small your amount of saving or investment may be, but you need to start as early as possible.  This process will help you in the preparation of financial planning to reach your life's goals.

REMEMBER

THE JOURNEY OF THOUSAND MILES BEGINS WITH A SINGLE STEP.

When I was in college, I used to seek ways to accumulate money and try to invest in various ways. Even though I could save Rs 500 a month, I would make sure to invest it regularly.

In this blog, I have noted down the top 4 investing options, with a saving of Rs 500 month that gave a cushion to my future goals.

1. START A SYSTEMATIC INVESTMENT PLAN (SIP)
However, there are certain facts that you must know before investing in a mutual fund.
There is a high probability your money will grow because these funds are managed by professional fund managers. 
One of the most important benefits if starting early is the power of compounding.

2. BUY A SHARE OF A COMPANY
I know what you must be thinking, what will happen if I buy just one share of a company?
More than anything else, it will motivate you to follow and learn the stock markets. Once you have pooled in your money in something, it will drive you to learn more about the financial market.
Tracking news about markets and companies, understanding how they work is a must-have skill, if you want to make money from the  markets. I think investing with Rs. 500 in shares and earning through is itself a great use of small amount.

3. INVEST IN A BOOK
Well, reading is a great habit. Developing reading habit can be immensely beneficial going forward. You gain great knowledge, develop different perspectives about a lot of things, you become confident. Most successful people share this common trait of great reading habit.
Nothing can be a better investment than investing in yourself. So if you are not ready for the above options, you may always invest in reading new books.
Elon Musk, founder of SpaceX and Tesla used to be a voracious reader when he was a kid. He later on went on say in interviews that some books really inspired him early on to do what he is doing today.

4. EDUCATE YOURSELF
Another way of investing is education yourself by taking up short term finance courses online.
Due to easy accessibility to the internet nowadays there are lot of learning options online. You can use this money to buy a course and learn a new skill you are interested in it.
It could be anything of your choice.

KEY TAKEAWAYS 
* The amount of money does not matter much, but starting early matters alot.
* Starting SIP will you higher interest as compared to investment in RD's.
* In case you are not ready for any investments, you can always enrich yourself with knowledge in terms of reading and taking up small online courses.

The idea behind this category is to develop a habit of saving and investment.  SIP is basically an investment in a mutual fund scheme and one of to[ ways for investing with RS. 500

TOGETHER WE GROW !!!
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