Opportunity to Become a Millionaire / Save Only Rs 30 Per Day, You Will Become a Millionaire After the Age of 60 – STD10.NET

Opportunity to Become a Millionaire / Save Only Rs 30 Per Day, You Will Become a Millionaire After the Age of 60

Opportunity to Become a Millionaire: Everyone wants to be a millionaire? But this dream can only be fulfilled by the chosen people. So the question is, is it really that easy to be a millionaire? The answer is the same. There is no shortcut to becoming a millionaire, but these dreams can be fulfilled by surviving at the right time. One right step, experts say, is to become a millionaire. World-renowned investment guru Warren Buffett started investing in stocks when he was just 11 years old and today we all know that he is one of the 10 richest people in the world, but did you know that he became a millionaire by depositing only 30 rupees every day? Can be.

How do we know this?

How to become a millionaire by saving 30 rupees every day

Financial experts say that if you save and invest Rs 30 per day at the age of 20, you can become a millionaire at the age of 60. Depositing Rs 30 per day clearly means Rs 900 in a month. This money is to be invested in the SIP of the mutual fund every month. To put it simply, one can become a millionaire by investing only Rs 900 per month for 40 years. So let’s find out how. Opportunity to Become

Suppose Lo Ram (fictional name) is 20 years old. He saves 30 rupees every day and invests that money in mutual funds for 40 years. Mutual funds return 12.5 per cent in SIPs. He will become a millionaire after 40 years.

So what if the age is over 20 years?

Even if you are over 20 years old, you can create a fund of Rs 1 crore. If you are 30 years old, you will have to deposit Rs 95 per day instead of Rs 30 to meet the target of Rs 1 crore. So if 40 years is taking longer, it is possible to invest even less. It can get an average return of up to 12 percent. For 35 years, if you invest in a mutual fund in a dividend reinvestment plan (DRIP), you will get a return rate of 15%.

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In simple words, if a company has made a profit. He shares some of his shares with his shareholders. This is called a dividend. Yes, the money the company has taken from you. It does business and shares the profits with you, but paying dividends to shareholders is not a requirement for the company. If a company is paying dividends, there is no guarantee that it will continue to do so. Whether or not to pay dividends depends on the company’s board of directors. Opportunity to Become

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