Stay financially healthy with SIP (Systematic Investment Plan)
In our previous blog we have learned the zest of what are SIP, SWP and STP . In our today’s topic we will learn about the role of SIP in our financial health. Let us see why we need SIP but first and foremost lets get the brief idea what financial health and goals are What are Financial Goals For instance, we all have our future goal where we want to get something like a private flat and as the time pass so does our needs grow, and we would want to buy a more luxurious car and go holidaying in the foreign countries. This is like natural progression if we look at it there is a pattern here, our need increase as we start to earn more and all these needs are classified as our financial goal like retirement and child education. How to achieve the Financial Goals The problem with growing needs is that only saving won’t be of much help. So now the question arises how do we achieve all our financial goals? And the answer to this is we need a plan and a systematic way to execu...