You are here to know How to make Crore from 10k !!
You are at right place 👍👍
First of all you have to manage you personal finance and save 10k rupees
First of all I am not going to start a business or Start stock trading Its Just a risky option I am going to tell you without risking your money how can you make wealth of crores
What is Compounding??
So first of all Do you know what is Compounding??
Ok ok don't worry I am here for answer you my question!!
Compounding means in simple words earning money form money 💵
I know you're thinking what the hell I am taking about I can explain
So make It clear that Compounding means earning intrest on money and reinverst it and make more money 💰
How to make Crores ? Answer
So what about my headline I will tell you just in simple and easy words and process !
First of all you have one time investment amount
10k ruppes ok
Then you'll have to invest it in simple any mutual fund with minimum 20% of return form last 5 years or form 15 to 20 % returns is ok
Let me consider 20% return per year of our 10k
So open you calculater and start
For first year 10k with 20% return = is 2k
👇
So for the next year we have 12k to re investment
For 2nd year
12k with 20% return = 2400
👇
For 3rd year
14,400 with 20% return = 2880
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For 4th year we have 17,280 to invest this will go so on till you make Crores if you have some amount more to re investment for 1st year per month you'll achive it in just some time but remember The fast you start the rich you'll become
The process we discussed above is Compounding You can start now !
But remember you have to invest more to get crore
Form this amount you'll get 24lakh + amount after 30 years
You can also search on google by compound interest calculator you can adjust the time and rate of interest and investment amount
It is the best plan for retirement
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