Updating the vpf and vpis
The Employees' Provident Fund (EPF), perhaps, remains the most ignored investment avenue.
The reason could probably be the fact that it has been treated as more of a 'forced investment' all these years.
explains how debt/interest is the underlying engine of rising income/wealth disparity: Also, keep in mind that one does not have to have an outstanding loan to be a net payer of interest.
I’m a 22-year-old Kanye West "Stan" and avid sneakerhead.
You might not be aware of it, but America's "credit card"--our national debt--comes with its own disclosure statement: Here's a chart of America's credit card: clearly, any credit line expanding this fast will bankrupt the borrower, regardless of their income.
When 12 per cent of their basic pay, no more, no less, moves into the EPF account each month, most employees get a sense of satisfaction that their retirement savings are on track. For someone with a basic monthly salary of Rs 25,000, the corpus after 30 years of service (at 9 per cent) would be about Rs 87 lakh.
Now, at a conservative 5 per cent per annum inflation rate, it means Rs 87 lakh will be worth Rs 20 lakh after 30 years!
(2006) The Extent of Regulatory Consensus on Health and Safety Expenditure: Part 2: Applying the J-Value Technique to Case Studies across Industries.