Money management

How often and for how long have you been making a cup of coffee? Months, years or probably decades? Now, imagine if you got paid for every cup of coffee you made. If a simple cup of coffee was chargeable and you were able to earn an income from it, would you go ahead and invest that sum? Let that thought sink in.

For as long as I can remember my mother dutifully prepared a cup of coffee for my dad every morning and sometimes in the evenings on the days he wasn’t at work. The same ritual was carried out by my grandmother for my grandfather and her mother before her. Makes me think about how the responsibility of serving a hot beverage lies on the shoulders of the women in the house. When it was my time to learn to make that cup of coffee, I refused! 

I insisted that if I were to learn this task of making a cup of coffee and had to serve others especially my partner then, I shouldn’t be the only party learning how to make it. Upon my insistence my mother reluctantly invited my younger brother into the kitchen to train us both on the simple task of coffee making (My brother’s partner can thank me later for breaking this deeply patriarchal tradition). As the days passed by we continued to enjoy our evening cup of coffee and took turns to make it. 

One such evening I couldn’t help but think about all the women who unlike me couldn’t refuse this chore because they didn’t have a choice. It further made me ponder on the possibility of women charging people for this inane task they performed every day without fail. 

Just imagine, if you are someone who makes a cup of coffee at home for another member of the family and if you were to charge them for this cup on a daily basis then how much money would you make on a monthly basis? 

If I were to grossly compare the rates of coffee at a premium coffee shop like Starbucks, then we’re looking at the cost of 1 cup to be between ₹ 200 – 300 depending on the brew. Let’s stick to averages and for one brief minute assume you were to charge ₹250 per cup then, you’re looking at making ₹ 1750 per week (250*7). This is while assuming you make one cup, if you make 2 cups then the numbers multiply. Now, let’s take that number and calculate the per month charges. 1750*4 = 7000. This is your monthly income on making coffee alone.

Coffee example

Now, imagine you did earn this money by charging for that one cup of coffee, by the end of the year you will have earned ₹84,000. What if you invested this sum into Mutual Funds? Even if you don’t charge your family members for making every cup of coffee, you can start putting aside the hypothetical cost of this cup of coffee. 

Did you know that you can invest in mutual funds through a SIP (Systematic Investment Plan)? Well, mutual fund houses have this option for investors who want to choose to invest a smaller sum frequently rather than a lump sum amount. With the help of a Systematic Investment Plan you can put aside a fixed sum of money, either monthly, quarterly or annually into a mutual fund.

The best part in all this is the magic of compounding. If you reinvest the interest earned for the next year you will be able to earn more on the total amount you save. If you happen to pick a long-term investment option then you are also likely to get a higher interest rate. Let’s take a look at how this will work for you.

At LXME we provide you with well-researched investment options by market experts that suit your goals. You can choose the term of investment mainly, short-term investment options or long-term and sit back and relax. We give you personalised opportunities that suit your needs in the most uncomplicated and hassle-free way. There are no hidden charges or fees involved and your money stays right in front of your eyes 24/7. Even when you want to withdraw, you can do so at any time with just a click of a button. 

All you need to do is sign up with us and let us do the rest!

If you’re keen on learning more about us and what we do, join our community which is filled with like-minded women who share their knowledge on finance, investments and everything to do with money. 

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