Money with Monika Season 2, Episode 4: When’s the right time to invest in MFs

“There is no perfect moment to start investing. Just start,” says personal finance expert Monika Halan in this episode of Money With Monika. “It takes very little to start investing as much as just ₹500/month in a mutual fund SIP,” adds Monika. She explains to viewers why investing early will allow them to reap the benefits of compounding over the long term. Monika Halan is consulting editor with Mint and author of ‘Let’s Talk Money’. Money With Monika is a weekly personal finance show published on livemint.com

On the livemint site:

https://www.livemint.com/Multimedia/FDL1WxX1ssz3xIrcDhl8ZL/Money-with-Monika-Season-2-Episode-4-Whens-the-right-time.html

 

On Facebook:

On Youtube:

 

 

Let Deepavali be the hard deadline for your money box reset

Notice that when there is an external date marker, we end up doing things to service that date. Take birthdays, anniversaries, exams and deadlines around work. Exam and work related deadlines specially see us working at all hours with a single focus—of cracking that exam or shipping that order. We do the same when there is a deadline around filing taxes or making tax-saving investments. But most other items on our must-do list, like a health check-up, regular work out and money management, keep getting bumped to the next week, month or year. I’ll do it when I have, fill in the words ‘time’, ‘mindspace’, ‘money’ in the space, and we have our reasons in place for postponing one more time things we know we need to do but don’t since there is no hard deadline.

Read more