These are 'golden rules' to save the 'future', not the lack of money!

Even after doing a job or business for 30-35 years, most people do not have enough money to live during retirement. The reason is that we usually do not pay much attention to savings and investment in the early years of our careers. From the perspective of financial planning, we lose the golden year of easy savings. Experts believe that planning for retirement should start from the time when you start earning. We are telling you five such Golden Rule which you can follow to make a crores rupee fund for your retirement.

Must Save 10 Percent of Income
The first rule of retirement planning is that you save 10 percent of your monthly income necessarily. If you do a job then your provident fund rises so much. Today you may find this amount a bit, but in the long run the power of compounding will convert it into a large amount. If you do not have a job and do business, then you can invest 10% of your income in a mutual fund for a long period.
People do not consider it necessary to increase their investments with increasing income. But it is important to do this. If you increase your investment every year according to the increase in your income, you will keep your funds safe from rising inflation and save a large amount for retirement.

Do not take money from the PF fund in the middle
Whenever you change your job, your retirement planning is at stake. At this time you have the option of getting PF extract or PF transfer. In such cases, people take out PF for urgent needs. Doing this is to put your retirement planning at stake. If there is no emergency, avoid using PF should be avoided.

Loans for children's education loan
Parents typically save for their children's education and marriage. This affects their retirement savings. Nowadays banks easily provide education loans. In this way, you can take loans for children's education. This will not interfere with your retirement savings.

Create Emergency Fund for Bad Times
If you want to make sure that you do not get any cover on your retirement plan, then you must make an emergency fund. Emergency funds should be up to five times your monthly income. If your job goes on short notice, then for a few months, you can easily manage your expenses and it will not have any special effect on your retirement planning.