HiveComb

With the inflation rising like anything the salary is not growing as per the expenses. For example, my kids school is growing at the rate of 10% whereas my salary is increasing by just 6%. So that means every year my expenses are increasing more than the growth of my salary. And at some point of time my expenses might be at par of the salary if my income doesn't increase much.

And that's investments is really required. I know few people who keep their money in savings account, FD as well as risk free account like PPF and others. Though these are great but it will not help you in the future. If your salary is not increasing at par 9f your expenses. You have to grow your money equal or more than the inflation. For example, if your yearly expense is rising at 12% that means you have to get atleat 12% returns for your investments.

If you are already old then you have yo start today, there is no other option left. If you would have started early, that would have been great but it's never late to start. You have to start with more money today to reach the same corpus you would have otherwise reached.

People think that investments is not really required, they can earn and then someone will take care of you. That's true to some extent in India where the kids take care of their parents. But at the same time you cannot earn till the age of 80 right. You have to stop working someday and after that day you have to get income and that's why investing is required.