The frequency with which one can make
contributions to the ‘Systematic Investment Plan (SIP)’
depends on the frequency with which you receive your paycheque!
In India salaries are paid once a month.
I hear that in the US wages are paid every week.
In whatever intervals you receive your
regular income – weekly or fortnightly or monthly – you must first invest, maybe
in the form of SIP and only thereafter start spending. ‘Invest First – Spend Next’
is the mantra for financial freedom and wealth creation.
In conclusion, in India, where salaries
and wages are paid every month, monthly frequency is the best.
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