by With effective financial planning in today’s society, you have the opportunity to achieve the lifestyle you aspire to. Proper investment strategies allow you to accumulate enough capital to buy anything in the world without relying on debt. This article illustrates how a bicycle valued at 300,000 rupees can be customized at no cost financial Strategy. True financial freedom can be attained by comprehending this concept. Understanding this key principle is essential to reach a state of complete financial independence.
- How was it Possible?
Considering purchasing a bike valued at Rs.3 lakh, it is recommended to explore the option of taking out a bike loan despite having the full amount in cash. Typically, the interest rate for vehicle loans does not surpass 10 %, making it a feasible option for financing. By opting for a loan while having cash on hand, you can avoid being in debt and still make the purchase without depleting your savings entirely.
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Investment Strategy
Delve into the art of generating income from your capital of 300,000 rupees and witness the power of smart investment decisions. Consider allocating your Rs 3 lakh, which was initially intended for purchasing a vehicle, towards a mutual fund or another investment option that offers an approximate return of 12%. By doing so, you can potentially grow your investment over time. Once your investment starts generating monthly income, you can utilize this income to gradually pay off your bike loan. This strategy allows you to make the most of your funds by simultaneously investing and reducing your debt burden.
- At Last
The repayment of the loan will be completed within six years, ensuring that the three lakh rupees you have invested remain secure and protected under your ownership. This exemplifies the prudent management of financial resources, highlighting the importance of Financial Strategy planning and foresight in safeguarding one’s investments and assets for the future.
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