BQPortfolio: This Is Your Best Friend When Investing In 20s
BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.
Albert Einstein once said compound interest is the eighth wonder of the world—he who understands it, earns it; he who doesn’t, pays it.
Aditya Nair, 25, is earning enough to take care of his expenses. But he doesn’t invest at all.
Nair earns about Rs 7 lakh a year. After his expenses, including paying for a loan he took from his mother to buy a car, Nair can invest around Rs 20,000 a month. He doesn’t have any long-term goals now but wants to know what he’ll end up with if he starts investing today.
On this episode of BQPortfolio, Tarun Birani, founder and chief executive officer of TBNG Capital Advisors, tells Nair that compounding will help him save five times more money than he thinks he can in 20 years.