Investment starts with Saving

The goal of iGrow Solution is to enhance your financial security by helping you to make better investment decisions and leading to secured retirement.

It doesn’t matter whether you make a return of 2%, 5% or even 10% on your investments if you have nothing to invest.

Little by Little you can safely stock up a small reserve here, but not until you start.

Best Practice: Reduce your expenses well below your income whether you are a college fresher or a multimillionaire.

By saving you are going to have more freedom of choice both now and in the future. No regrets in future are important and no regrets in the present are important, too. “I should have” and “I wish I had” are the two saddest sentences in today’s world, which could be avoided by start saving.

By making saving as a habit, you can turn into a sensible saver.

Goal: The real purpose of saving is to empower you to keep your priorities – not to make you sacrifice.

Savings can give you an opportunity to take advantage of attractive future opportunities that are important to you.

Benjamin Franklin described compounding, “Money makes money. And the money that money makes, makes money.”

Actual Case: When Franklin died in 1790, he left a gift of $5,000 to each of his two favorite cities, Boston and Philadelphia. He stipulated that the money was to be invested and could be paid out at two specific dates, the first 100 years and the second 200 years after the date of the gift. After 100 years, each city was allowed to withdraw $500,000 for public works projects. After 200 years, in 1991, they received the balance – which had compounded to approximately $20 million for each city.

It's great when compounding is working for you but ghastly when working against you. That’s what makes credit card balances so dangerous. When you don’t pay credit card bill on time, you’ll be soon paying interest on interest – and interest on the interest on the interest.