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Insurance OR Pension plan ???
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<blockquote data-quote="OKman" data-source="post: 20318178" data-attributes="member: 542680"><p>Do it yourself (yes you can do it if you try)</p><p>if you can save 10000 per month put it into a fixed deposit in a bank in each month. select 2 to 3 banks including NSB.</p><p>At the end of 1st year you will have 12 fixed deposits.</p><p>start from the 2nd year again. put 10000 to the same fixed deposit when it matured in each month (then it will be 20000 + interest)</p><p>If you can do it for 20 years and if the interest rate is 10% you will have fix deposit of Rs. 672749.99 for each month. that mean Rs. 672749.99 of fixed deposit is maturating in each month. after that you can draw the interest on that (equal to 67275) for each month for your monthly expenses. </p><p>That mean you will have pension until you die and invest for your kids</p><p>the trick is you should not use invested money for any other purpose. Need your control.</p><p>i have just started it some of my friends are also doing. </p><p>All the best</p></blockquote><p></p>
[QUOTE="OKman, post: 20318178, member: 542680"] Do it yourself (yes you can do it if you try) if you can save 10000 per month put it into a fixed deposit in a bank in each month. select 2 to 3 banks including NSB. At the end of 1st year you will have 12 fixed deposits. start from the 2nd year again. put 10000 to the same fixed deposit when it matured in each month (then it will be 20000 + interest) If you can do it for 20 years and if the interest rate is 10% you will have fix deposit of Rs. 672749.99 for each month. that mean Rs. 672749.99 of fixed deposit is maturating in each month. after that you can draw the interest on that (equal to 67275) for each month for your monthly expenses. That mean you will have pension until you die and invest for your kids the trick is you should not use invested money for any other purpose. Need your control. i have just started it some of my friends are also doing. All the best [/QUOTE]
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