You can also make yourself a millionaire with a small investment of just Rs.3000. You should plan for investment as soon as possible. Know here how your dream of becoming a millionaire can come true.
In today’s time, everyone dreams of becoming a millionaire, but only a few people are able to fulfill it. The reason for this is financial planning. If you want to improve your future, then with the first job, you should do financial planning and start investing. Many people do not start investing after seeing low salary and wait for income to increase. This is their biggest mistake.
If you want, you can start investing with only 500 rupees. Not only this, you can also make yourself a millionaire with a small investment of just Rs.3000. In today’s time, there are many such plans, which give you very good returns and create wealth in less time. Know here how you can add more than 1 crore.
SIP is best
In this case, financial expert Shikha says that although there are many options available nowadays in terms of investment, better results have been seen for investing in mutual funds through SIP for some time now. If you invest in it for long term then you can create wealth. You can start SIP with Rs 500 also and as your income increases, you can increase your investment in it. In this, you get the benefit of compounding, as well as it has been seen to get an average profit of up to 12 percent. If your luck is good, sometimes you get 15 to 20 percent profit. Such a good benefit is currently not available in any scheme.
Rs 1,05,89,741 will be made from Rs 3000
If you deposit even 3000 rupees every month through SIP, then you can easily add more than 1 crore. According to the SIP calculator, if you invest Rs 3000 every month continuously for 30 years, then you will invest a total of Rs 10,80,000 in 30 years. But according to 12 percent, you can get Rs 95,09,741 as interest. In this case, including Rs 95,09,741 and the invested amount of Rs 10,80,000, you will get Rs 1,05,89,741 at the time of maturity.
3000 is not a difficult thing
In today’s time, a monthly income of 35 to 40 thousand rupees is easily made. In such a situation, investing an amount of Rs 3000 is not a difficult thing. Anyway, the financial rule says that you should follow the 50-30-20 rule for investment. According to this rule, you should invest 20 percent rupees in any situation. According to this rule, even a person earning 15 thousand can withdraw 3000 rupees every month for investment at 20 percent. If you earn more, then by investing more money, you can make yourself a millionaire in less time.