Great formula: Most of the people in the world want to become rich. But many people do not understand how to become rich, where to start. You don’t need huge investments to become a millionaire.
You can become a millionaire even by saving just 10 rupees every day. For this you just need to know the right formula of investment. If you invest wisely, you will build up a very substantial bank balance. You have to save ten rupees daily from your salary or income. Focus on right investment, planning, strategy and target can fulfill your wish.
This is how you will become a millionaire by saving 10 rupees
If you can save only 10 rupees daily then you can also become a millionaire. For this you just have to do the right planning. You can get strong returns by investing long term. If you save Rs 10 every day, you will save Rs 300 in a month. You have to invest these 300 rupees in Mutual Fund. Long term investment in mutual funds gives tremendous returns. In this you can get a return of 15 to 20 percent.
Start like this
You can invest this Rs 300 in Systematic Investment Plan ie SIP. You understand it this way, suppose you are 20 years old and you invest Rs 300 in SIP. You do this for 40 years. In this case, your total investment in SIP will be Rs 2,40,000. Now suppose you get 15% return on it. In this case, if you keep getting 15% return, then in 40 years your estimated return will reach Rs 1,54,61,878 and the total value will reach Rs 1,57,01,878. You will easily become a millionaire.
Investing in SIP is easy
Mutual funds SIP. Investing here is very easy. There are many options in mutual funds according to the risk capacity and tenure of different people. The most important thing is that you do not have to invest any huge amount at once.
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