Just thinking of becoming a Crorepati by 33 yrs of my age… for that how much i need to invest now….?
u got some kind of software or xl sheet where i cud input my investment amount, rate of interest, and yrly incremental principal, etc..etc.. which will give back the projected amount after say N yrs???
Gones today came with this question. Becoming a Crorepati when one always awaits for the 1st of every month? Mission Impossible!
I wrote back this to him assuming that it is seriously impossible to collect 100 lacs. Ya! I thought that we lack.
But he said:
> by investing 2lakhs every year, expecting 25% gain per year which is > realistic and additional investment of 25000 every year (which is also > realistic looking at our current salary and no personal > responsibilities) we can be Crorepati in 10 yrs isnt this eqn simple.
When I calculated, to my surprise it accounted to 91,19,548 @ the end of 10th Year. SabashPathi is a SurePathi! - I lauded.
BTW, Gullu came up saying that 25% annual returns isn’t realistic & suggested it to be 15%. With this sheet he says a 35,886 rupees every month is determined to make you a Crorepathi. Thanks to Crorepathi shows for the inspiration it had created.