How to Make 1 Crore Rupees in 10 Years?
First of all, Is it possible to make 1 crore rupees in 10 Years? And if yes than How?…. Well, It’s 100% possible to make Rs.1 Crore in 10 Years. With the knowledge of Compound interest and a little bit of self-discipline, anyone can make this much amount of money in 10 years only.
Well, see.. Making 1 crore rupees in 10 years is possible by Investing only. Now, let us assume 3 scenarios. we will consider 8%, 15% and 20% compounded annual return in various asset classes and count that how much money you have to invest every year in each of the asset class.
Our first Asset Class is Bonds/Fixed Deposits. We will consider 8% per annum return. Now, according to the compound interest calculator, you will need to invest Rs.6 Lakhs per year in Bonds or Fixed deposits to make Rs.1 Crore after 10 years.
Our Second and third asset class is Equity. Considering that the Indian Equity in the long run can give you 15-20% Annual return. Now, after running the compound interest calculator, You have to invest Rs.4.5 Lakhs per annum in equity or Rs.3 Lakhs per annum in equity assuming the rate of return 15% and 20% annually.
Thus, if you invest in Equity than you need to invest half the amount as that of Bonds to make Rs.10 Crores in 10 years.
Now, Let us think differently. Let us discuss some exotic way of making 1 crore in 10 years. And that way is, You develop a Successful Business, grow its customers, revenue and later on after 10 years, sell your business for much much more than Rs.1 Crore.
Many Internet Entrepreneurs around this world have done this in just 5 years. It takes only 5 years to develop a successful website business and later on you can sell it for millions also.
So there are several ways of making this much amount of money. But the easiest 2 ways are Investments & Business…!!!
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