Become A Richest Person You Don’t Need Good Salary And Bank Balance Just Follow These Steps.
[ad_1]
Become a richest person you don’t need good salary and bank balance just follow these steps. Investment Tips: More than 90% people in the world either do job or are self employed. There are only 10% people who do business or are investors. 90% of the people have only 10% of the world’s money. Whereas 10% of the people have 90% of the world’s money. If you want to go in such a category where 90% of the world’s money is there, then you have to do what the people of this category do, either you have to do business or investment. Usually, more capital is required in business. People believe that a business with less capital makes more profits than a business with less and more capital. This is also true to some extent, but only in some cases and it is a matter of luck, which business will work and which will not, it depends on your hard work and dedication as well as luck. So why not do something like this, in which even with little capital it will work and after a while you will have so much money that you are richer than 90% of the people in the world. So let us take you on the journey of becoming rich.
Start small, but start investing early
Your getting rich quick depends on how long and how much you are investing, or are thinking of doing. With the example of these three friends Ram, Shyam and Imran, we try to explain to you in easy language. Here it is assumed that all three friends get a job in 25 years, and all three want to retire only after 50 years. Means they want to retire before time, it is a good thing. But all three chose different timings for investment. Some started a little earlier and some later. Then see how much difference there is in the money received by all three. And who among the three becomes the richest at the age of 50? Believe me, these figures will surprise you.
first instance
So let’s start with Ram. Ram started saving Rs 500 every month from his pocket money. He started a step up SIP of Rs 500 in a mutual fund. Means the amount kept increasing by 10% every year. Rs 500 this year, Rs 550 next year. He went on accumulating like this. Ram started investing at the age of 18 by saving some money from pocket money, now he is 50 years old and has made up his mind to retire from the job. After 32 years, now he will have 65 lakhs in his account. This is not magic, it is a wonder of compounding. Now just think, when Ram started depositing 2 thousand or 5 thousand every month instead of 500 after starting his job, then how much more his amount would have been. Become a richest person you don’t need good salary and bank balance just follow these steps.
second example
Whereas Shyam did not save pocket money like Ram. He waited till he got the job. Till then kept wasting money in expensive mobiles, glasses, and expensive gadgets. He got married after getting a job, and then his eyes opened, then he started Step up SIP. By then he was 25 years old, that is, from the 25th year he started a step-up SIP of Rs 500 per month. And after 50 years he also thought of taking retirement like Ram. Then at that time there will be about 23 lakh rupees in his account. Just 7 years difference between Ram and Shyam in starting their investment journey and Rs 42 lakh difference between money? Got something? The thing to understand is that the sooner you start, the more you will be able to enjoy compounding. In 25 years, Shyam deposited around Rs 6 lakh and he will get around Rs 23 lakh in return.
third example
Take the third example of Imran. Imran was under the burden of responsibilities from the beginning. When Imran turned 35. By then he had somehow saved Rs 5 lakh. Got a job in 25 years and in the next 10 years he saved 5 lakhs after spending all the expenses and education of children. And he put a lumpsum of Rs 5 lakh in a mutual fund. After 15 years i.e. when he turned 50, he had only Rs 31 lakh in his account. Now see the difference between the investment returns of all the three Ram, Shyam and Imran here. Ram started earlier so he got around 65 lakhs, Shyam started after that he got 23 lakhs and Imran put Rs 5 lakhs lumpsum for 15 years, still he got only Rs 31 lakhs. Ram got the maximum Rs 65 lakh. That is because he had started investing long before his two friends. The most important thing here is that you have to start early to get good returns. After a long time has passed, even after putting more money lumpsum, it does not make much difference. Start with little, but start investing early. Only then will you be truly rich. Ram understood the importance of money from the beginning, even a little but he gave importance to investment, the difference of which is visible to everyone. Returns of 12 to 15 per cent are common in mutual funds. Here, for example, I have taken only 13% return in all the three cases. Your investment style can help you maximize your returns. For this, by clicking on the link below, you can easily understand my technique of Blast Lumpsum. Become a richest person you don’t need good salary and bank balance just follow these steps.
read this also: What is the ‘Blast Lumpsum’ Technique? With its help, investors in the stock market become juggernauts; Warren Buffett is also its fan
[ad_2]
