Power of Compounding: How Rs 80/day savings can help you create Rs 2.13 crore corpus in long term | Know how
How to Become a Crorepati by Saving Rs 80/Day: Becoming a crorepati is a dream for many, whether you're a salaried professional, a business owner, or anyone with a desire to build wealth. While many people think that achieving this goal is a matter of luck, the key lies in smart and consistent investment.
Know how you can become a crorepati by saving Rs 80 per day
With the right approach and strategy, anyone can significantly grow their savings and accumulate wealth over time. Know how you can become a crorepati by saving Rs 80 per day and create a corpus of more than Rs 2 crore.
Long-Term Investment Strategy
To achieve your goal of becoming a crorepati, a long-term investment strategy may work best. Start by calculating your essential expenses and develop a habit of saving just Rs 80 every day. Once you have that amount set aside, the next step is to invest it. But where should you invest your savings?
Where Should You Invest Your Savings?
Well, choosing the right investment option is important, but also confusing as there are so many investment options available today. So, research is important, but one reliable option you may consider is SIP (Systematic Investment Plan). It allows you to invest a fixed amount regularly in mutual funds, providing the benefits of compounding over time.
Understand with Example
If you start investing Rs 2,500 per month (Rs 80/day approx) at age 25 and continue for 35 years, you can make your crorepati dream a reality. The SIP in equity mutual funds is a powerful tool for long-term growth.
How to Become a Crorepati Quickly
Investing consistently in mutual funds for 35 years with an expected annual return of 13 per cent can significantly speed up your journey to becoming a crorepati. The power of compounding interest works in your favor, boosting your returns over time.
How to Become a Crorepati by Saving Rs 80/Day: Know calculations
Start by saving Rs 80 daily and investing monthly through a SIP, setting a long-term goal for 35 years. Implement a 13 per cent expected annualised return.
How to Become a Crorepati By Saving Rs 80/day: Total Investment
In this way your monthly investment will become Rs 2,500 and in 35 years your total investment will become Rs 10,50,000.
How to Become a Crorepati By Saving Rs 80/day: Capital Gains Over 35 Years
According to a SIP calculator, your total investment over 35 years will result in long-term capital gains of Rs 2,02,57,960.
How to Become a Crorepati By Saving Rs 80/day: Maturity amount after 35 years
After 35 years, your expected total maturity amount could reach Rs 2,13,07,960.
How to Become a Crorepati By Saving Rs 80/day: Discipline and Consistency
The secret to achieving this impressive result lies in discipline and consistency. By sticking to a regular investment plan and allowing your money to grow over time, you can transform small, everyday savings into significant wealth.