Investment Tips: If you want to become a millionaire, then just understand this trick, you will have to save only 50 rupees every day – investment tips in you can become a millionaire by saving only 50 rupees every day
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Became a millionaire by saving 50 rupees every day
You might not believe it, but if you save Rs 50 every day, you can easily become a millionaire. For this you just need planning. If you save Rs 50 every day, you will save Rs 1500 in a month. Now you have to invest this savings in the right place. Mutual funds will be the best option according to the investment strategy. Timing of investing in mutual funds is very important.
1 crore fund will be prepared in this way
The best formula for investment is called SIP i.e. Systematic Investment Plan. Wealth can be increased rapidly with this formula. If you are 25 years old and you save Rs 50 every day, then you can invest it through SIP. Rs 50 daily means you will save Rs 1500 every month. Mutual funds give an average return of 12 to 15 per cent. Suppose you get a return of 12.5%. In this case, if you invest for 35 years at the same interest rate, you will build up a bank balance of around Rs 1.26 crore.
Those who invested ₹ 1 lakh in the shares of this liquor company got full ₹ 50 lakh, is there still a chance?
Strong fund will be available at the time of retirement
By investing in this way, you will get a substantial bank balance at the age of retirement. If you start investing this way from the age of 30, your investment tenure will come down to 30 years. By adopting this investment formula, you can increase your bank balance very easily. You will not have any kind of problem after retirement.
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