Spend money on tea and drinks and become rich, that's the mantra of SIP

SIP: Money is needed by all and wanted by all. Living without money can be difficult for anyone. But if a man learns to invest properly, he will never be short of money. For this you have to develop the habit of giving up minor addictions and saving. A man spends hundreds of rupees a month on tea and liquor, but when it comes to saving, he frowns. We will tell you that a person can become rich by saving money for these teas and drinks and the only way to do this is through SIP. The wonder of SIP is its ability to make the common man rich by giving bumper returns. Come and let us know how you can get rich with tee and pan money. What is SIP in Hindi? SIP stands for Systematic Investment Plan in Hindi and Systematic Investment Plan in English. SIP is neither a government scheme nor a corporate scheme, but a scheme through which an individual invests systematically is called SIP. Nowadays asset management companies do this job. Through SIP, people invest in mutual funds and earn huge returns on this investment. How to get bumper returns from mutual funds? Now you say what is this mutual fund? We tell you that mutual funds are a powerful way to invest through SIP. By this one can accumulate a huge sum of money for himself before reaching the age of retirement. The compound interest that investors get from mutual funds provides huge returns on long-term investments. This is possible as you invest a fixed amount every month in any mutual fund through SIP. As your investment amount increases. Then you will not only get better returns than the market, but you will also get a return on your reinvested income over the years. This cumulative effect is the true power of accumulating money through compounding available only in mutual funds. You spend Rs.3,000 every month on tea and pan. If you drink four teas a day, you have to spend at least 40 rupees. At the same time, if you eat paan immediately after tea, it will cost you at least Rs.15 for one paan and Rs.60 for four paan. If you taste tuberose mixed with tulsi, Rs.35 for one packet, Rs.140 for four packets. That means every day you spend 100 rupees on tea and paan and after tea you spend 180 rupees on paan masala. Now at Rs 100 per day, you spend Rs 3,000 every month on tea and pan alone, while the tea-pan masala costs around Rs 4,500. Also Read: Petrol, diesel prices to drop soon, good news till Diwali, this is how every month Rs. 3,000 deposit and you will become rich If you are 25 years old or you are 30 years old, you can become rich. If you deposit Rs.3,000 every month in mutual fund through SIP for 20 years, Rs.7,20,000 will be deposited in your account in 20 years. After this, you will get up to 15% interest when you invest in SIP for long term. At 15% interest rate of investment in SIP over 20 years, you will get a bumper return of around Rs.38,27,865. Now if you add both the investment amount and returns, approximately Rs.45,47,865 will be deposited in your account. Now tell me, spend money on tea and become rich or not? Also Read: Do you know the news of extension of deadline for free update of Aadhaar card? Know the updating process now.