Money mistake 1: Waiting for tomorrow

Time is of the essence. Treat your money smartly and make it multiply.

If you had invested Rs 10,000 at 10 pecent per annum in 1994, you would have got Rs 25,937 in 2004.

If you had delayed and invested it in 1996, you would have got Rs 21,435.

And if you had invested it in 2001, you would have got only Rs 13,310.

A seven-year delay thus would cost you Rs 12,627.

The more time you have on your side, the more interest you will earn and the more money you will make.

Don't wait for the day you will have more money to invest.

Start now.

Don't worry if the amount is small.

Note: The example of Rs 10,000 taken all through has not taken tax into account.