Financial Planning

Tips to become Crorepati

We all dream to become  crorepati. Do you have that desire ?  If yes, you stopped at the correct place. Here  you are going to see the tips to become crorepati. If you want to get rich quick then,

1. Think of marry a gal who is crorepathi.

2.Participate in KBC show and win it.

3.Lottery..try out your luck in lottery..

4. Join any multi levle marketing scheme. In their meeting,  they will  illustrate some big numbers who got that
amount by multi level marketing chain.

Okey..Jokes apart…. As we all know that there are no shortcut  to become rich quickly. We just need strong mind to invest regularly, that will make us rich in some time. Lets see how much needs to be invested per month to accumalte 1 crore and where to invest our money regularly.

When you consider investment for long term, Equity diversified mutual funds are best and which gives returns more than 15 % in long run .So to accumulate 1 crore, lets see how much needs to be invested per month.

mine

For 30 years you need to invest 2000 rs per month to accumulate 1 crore.

For 25 years  you need to invest 4000 rs per month to accumulate 1 crore.

For  20 years you need to invest 8000 rs per month to accumulate 1 crore.

If you are 20 years old  now and start investing  just 2000 rs per month by age of 50 you can accumulate 1 crore.
If you are 30 years old and to generate 1 crore  by age of 50,  you need to increase your investment amount to 8000 which is 4 times higher  amount than the previous case.

That means if you start investing early , you can accumulate more wealth by using power of compounding.
So why to wait..Start investing early and regularly…!!

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About Sravanthi

Hi ..I am Sravanthi, working in IT field and i'm more passionate about managing personal finance. I am writing this blog to help people especially salaried employees to invest their money wisely . Check out the articles ..happy reading :)

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