The power of Rs 500

Spending Rs 500 (About $8) per month isn't a big deal for most people reading this post.

Once a month, you can do the following with it:

a) Eat at a fast food place

b) Shop for a book or a tshirt on Amazon

c) Go for a couple of movies

d) Get about 4 pints of Heineken

Yeah sure, all of them make you happy.

Satiate your craving.

Over ten years, you may have end up spending 500x12x10 = Rs 60,000 (Not counting inflation)

At the end of the day, will you take all this money to your grave?

Now let us see what happens when you invest this amount through SIP in a mutual fund:

a) At 12% over ten years, your corpus would be worth - Rs 1.16 lakhs

b) At 15% over ten years, your corpus would be worth Rs 1.39 lakhs

c) At 20% over ten years, your corpus would be worth Rs 1.9 lakhs

d) At 25% over ten years, your corpus would be worth Rs 2.66 lakhs

At the end of the day, will you take all this money to your grave?

So would you trade that moment of happiness to sacrifice for the future?