SIP helps in averaging the cost as equal amount is invested regularly every month at different NAVs. SIP works well in a volatile market as in the months where markets are down you get more number of units as the NAV is down and when the markets are up you get less number of units. But over all the prices gets averaged out.
Real wealth accumulation is achieved by owning revenue streams that is under your control. There are several approaches to wealth creation; for example you can increase the income you already have, add a second source of income, investing in real estate, and by being ruthless in deciding how to spend your hard earned money.
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