what’s the best thing you can do to grow your money? get an early start. Even if you don’t have much to put away, small amounts can add up to bill numbers in the long run—thanks to compounding interest.

know how it works:
When you save or invest your money, it earns interest according to a particular interest rate. That interest then gets added to your baseline total, and starts earning interest along with the original amount.
For example, if you save 1000rs in an account with a 10 percent interest rate, you’ll have an extra 100rs at the end of a year. The second year, you’ll earn another 10 percent, not only on your original 1,000rs but also on the 100rs in interest you earned the previous year.

UNDERSTAND HOW IT CAN ADD UP
The longer you keep your money in an interest-earning account or investment, the more compound interest works in your favor, and the easier it can be to attain your financial goals. This is true even if you stop contributing along the way.
After compound interest the other sector you can look up to in order to invest in your future you can always choose the stock market.

NAVIGATING THE STOCK MARKET
Stocks – When you buy stock in a company, you are providing money to a company to run a business and you become part owner of the company. If the company does well, the value of the stock increases.
• How you make money: You make money by selling the stock when it’s worth more than you paid for it. You also might receive a quarterly or annual dividend from the company’s profits.
• Potential risks: Stock prices can change due to the company’s current or expected sales and profits, changes in the economy or government regulations, or recent publicity the company has received—good or bad.

Mutual Funds – When you buy a you pool your money with other people’s money and become part owner of a portfolio of stocks, bonds and other assets owned by the fund.
• How it’s managed: Each mutual fund has an investment objective—income, growth or something else. A portfolio manager does all the work researching investment opportunities and conducting the actual buying and selling. You make money when you receive dividends or sell the fund.
• Potential risks: With mutual funds, you’re still investing in securities in the stock market, but it’s a one-stop investment in many companies, which is less risky than owning shares in just a few.

FINAL WORD:
When you save or invest for the long term, it’s important to remember that your money won’t be worth as much later as it is now due to inflation. Inflation is when the prices of food, gas, clothes and other goods and services increase over time, because it costs more to provide them.