we’ll give you rational so in case you’re doing that planning that future planning whatever investment you are making today 20 years from Got a Big Pay Rise now how that is going to help you with without kids this video is still going to be very useful.

So let’s begin and question number one how did we reach that one CR Mark what do you think is the right number decide if Got a Big Pay Rise you can just shed some light on that as per whatever you think is the correct version here see I think there is no right or wrong number here per se it really depends on the family and what is their frame of mind Got a Big Pay Rise.

What do you say when you get a pay raise?

So framework use that was basically what are our future goals and um what are going to be major charas major expenditures for our kids so for example we want to be in a position where if our kids want to study abroad sometime in the future they Got a Big Pay Rise are able to do so so we thought that one CR probably for each kid is a good enough number and uh also keeping in mind that 1 CR.

If you invest now it is going to grow at a certain rate in the future which we going to discuss um subsequently on the video but the because of inflation and Got a Big Pay Rise because of other conditions that value is going to decrease right so keeping that in mind keeping in keeping in mind our financial position we decided that 1 for each of our kids is going to be a good enough number.

So just to help you understand that Viewpoint further so right now we are putting one CR in a lumsum format for our kids our daughter is 7 months old our son is 3 three and Got a Big Pay Rise a half years old as of now so fairly younger side right so they would have to undergo that major.

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What to do when you get a large pay increase Got a Big Pay Rise?

When they are somewhere around 181 19 probably college education if they decide to study abroad that’s an option that Got a Big Pay Rise we are keeping open so right so whatever money we are investing today one CR that will probably go to like you know 8 10 CR or 12 CR depending.

How we invest it from this point that’s a very important consideration usually sip format that is where most of us would be then how to do it how to do what type of sip in which format what Target return you should keep in mind all those points we are going to discuss but just wanted to set the context that that one CR amount is fairly okay with us that Got a Big Pay Rise going to blow it right we are going to travel and whatnot.

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How 1 CR we real buying power?

We are going to donate a lot of that money so that’s our Viewpoint so it’s not as if that we have done some kind of excel calculation and we have picked out a number that 1 CR we have picked that number as of today because we feel that 1 CR has a lot of real buying power given.

Our standard of living and it would continue to serve well so that onec our amount seems like a good Benchmark for us and to be very honest it might increase or decrease in the future Got a Big Pay Rise I think it is going to increase only given the inflation and all but it can increase so for each family the number could be different so.

How do you start  your journey?

It is really up to you what are your target what are your goals and what exactly you want for your kids or your kids aspire to be so it really depends on all these things so on that note now you might have a question that okay Got a Big Pay Rise I see a saving like one CR each for their kids.

How do I start this journey what amount should I keep in mind and lumsum I don’t have Lums some money which I can put right now so Got a Big Pay Rise but I get a monthly salary so what is that amount that I should be looking at so on that note what we have done is that.

This is a financial calculator and it teaches you a very important point that if you start putting 10,000 rupe as s IP amount the value of it after 20 years becomes how much it Got a Big Pay Rise roughly becomes 1 CR now if you do the same math or same computation at 25,000 rup sip then. it becomes roughly 2 and2 crores.

What is the value of your 20 years investment?

 so from that note if you can just quickly explain what is the value of deflation of money and the buying power of money it keeps on going down so what is the value of 1 CR after 10 years if you can just go through that see what this technically this term would be called as the present value of future income right.

So if you invest 10,000 um in an SI format so after 20 years it is becoming 1 CR rupees now at after 20 years given the inflation which is going on in the economy and um assuming that inflation is going to increase over the years uh the value would not be more than 20 to 25 lakhs.

 Keeping that in mind 8 20 years from now that will be worth only 25 lakh rupees um as of now you have to calculate invest and how much do you want it to increase right now of course the Sip amount would depend on that but uh given the world we live in today and given the inflation rate and how it is going to increase in the future.