Best Investment plan for children, know the 21-21-21 formula
21-21-21 Investment Formula: Every parent’s priority is financial planning for their children’s future. For this, many formulas are available in the market. But the 21-21-21 formula is really amazing for investment. It’s an easy and effective formula.
This formula has 3 specific qualities that are included. Those are- invest for 21 years, to get a 21% return and a 21 lakh investment. This Formula helps you to save for children’s education, marriage, and other expenses.
How it works: According to this formula, you have to invest Rs 21,000 every year, which grows at an annual rate of 21%. This investment grows to approximately ₹2.1 million over 21 years. Simply put, regular investments over 21 years can meet your child’s future financial needs.
The 21-21-21 formula is a simple way to create a systematic financial plan for your children, helping you prepare for future financial challenges. With the right information and planning, every parent can fulfill their child’s dreams.
