Glimpse Of The Workshop
Team LakshMe had the privilege of engaging with the bright minds of Polytechnic College. We explored the benefits of investing, budgeting skills, goal setting, financial planning, and government entrepreneurship schemes. Their enthusiasm and curiosity are the driving force behind our commitment to fostering financial empowerment.
Because learning starts with questions
Can we consider our regular investments as an emergency fund?
For your emergency fund, you need the product that gives you access to funds within the shortest possible time.
How we can invest in the Public Provident Fund (PPF)?
To invest in PPF, you need to visit the nearest post office or you can invest through your bank also.
What is the power of compounding?
It means earning interest on interest. For example, if you invest Rs. 10,000 at an annual interest of 7%. In the first year, your investment would grow by Rs. 700, reaching Rs.10, 700. In the second year, your investment would increase by Rs. 749 i.e. % of Rs.10,700 reaching to 11,449. This process continues. Overtime compounding can significantly help in wealth creation.