Virat Kohli comes across as a spirited and aggressive player on the field. He is equally disciplined and a planner when it comes to his finances. After speaking to Kohli, his partners and his management team, here are some key investment lessons that every investor can pick from the Delhi-based cricketer.
Start investing early
Kohli is 27 years old and already knows the importance of investing. Besides physical and financial assets, he has also ventured into various businesses aggressively in the past two years.
When it comes to growing your money, the earlier you start saving and investing, the easier it will be to build a corpus. If you want to reap the benefit of compounding, you have to start early. Remember that if you start early the amount you have to invest for your goals will also be lower. Say, your current annual expense is Rs.10 lakh at the age of 25. If you want to sustain a similar lifestyle after factoring in inflation at 6%, you will need Rs.77 lakh during your retirement. This means you have to build a corpus of close to Rs.11 crore. If you start investing at age 25, you will have to invest Rs.28,000 per month to reach your goal, assuming a growth rate of 10% per annum. But if you delay and start investing only when you turn 30, you would need to save Rs.35,365 per month. Kohli is on the right track here.
