A good choice of Education can land you a job worth Crores, while a bad choice can land you without any job, only with a paper of degree. Hence it is of vital importance to plan your higher education.
Let us assume that you are in your last year of graduation in 2022 and want to invest your money for your higher education, which you will be pursuing within the next 5-10 years. In this blog, we will talk about the most expensive educational degree out in India which is an MBA. It is logical that if you can save your money for an MBA program, you can fund any of the other degree courses in the country.
You take a regular
· MBA degree program after 5 years of graduation
· A Master’s degree program after 5 years of Graduation
Among the above 2, the MBA degree is more expensive, so we will talk about it in detail.
If you want to do a conventional two-year MBA, the top five B-schools charge between ₹ 20-25 lakhs, while the remaining top 15 B-schools price between ₹ 10-15 lakhs. However, given what you intend to do in five years. As a result, you must calculate the cost in 2024.
How can we accumulate that amount of money?
In the market, there are a variety of investing possibilities, but mutual funds are the most convenient. Since it is not possible for you to sit in front of a stock market chart from 9am-4pm everyday, so investing directly in stocks is pretty risky for you in the first case. When you compare mutual funds to other investment options such as public provident funds, bank savings, gold, real estate, and so on, you'll find that mutual funds provide the best returns. It is critical that you achieve your higher education goal. As a result, it is recommended that you use mutual funds to build wealth. You will not be able to make any last-minute arrangements as a result of this.
What should your investment strategy be?
For your choice, you can go with a balanced approach that includes both equity and debt, or you can go with large-caps, which are more stable due to their size. Don’t risk all your money in equities, as it can take worse downturn during a bear market or on a falling market. On the other hand, if you have more than 5 years to invest, go all-in on equities funds, which have the best long-term growth potential, and slowly move to safer debt funds as you approach your goal fulfilling year.
So, what seems to be the best option for you? Which funds should you pick?
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You can create your special Stack for Higher Education and keep growing your money there every month. So, what are you waiting for? Download Stack now, and keep growing your Education fund!!
To conclude, we can say – “Stack Sahi Hai” if you intend to accumulate wealth for your higher education. While you are free to explore other solutions, you will undoubtedly return to Stack because of their capacity to continuously beat inflation. There's a good possibility that if you use the tactics listed above, you'll be able to save enough money to get the best higher education possible. Stack now to fund your education smoothly.