Have you ever though about becoming Rich? Right from the day we first learnt about money, one thing that keeps flashing in our minds is to become a billionaire or at least a millionaire. In Indian Terms - We all dream of becoming a "Crorepati". One of the most frequent questions that most people ask me is "Can I Become a Crorepati with my Current Salary?"
Let us pause for a moment here. You know how much you earn each month. Could you think for a minute and tell me do you think you can retire as a Crorepati with your current salary?
Did you Think - No, I dont think so...
Am sorry my friend, you can very well and I REPEAT very well become a Crorepati with just your current salary. Are you thinking how? Well, the purpose of this article is to explain you just how...
Becoming A CrorePati - Turn your Dream to Reality!!!
Before we go any further, let me tell you the secret to becoming a crorepati. It is simple and effective and it is called:
I hope you werent expecting any magic overnight rich-man schemes from me. I am not someone to advise on such get-rich-quick schemes and in 99.999999999% cases such schemes will result in you losing your money. So, better to take the proven approach.
Can Investing Regularly Really Make Me a Crorepati?
Look at the table below. We are starting off with as little as Rs. 5,000/- per month and we have calculated how many years you need to invest in order to become a "Crorepati".
As you can see that you can become a Crorepati much sooner by selecting Investment Options that give 15% than by choosing Options that give you just 6% or 8%.
Where to Invest?
This is a tricky question. Where you invest depends on your risk appetite and your ability to absorb risks. So, simply saying, there is no single investment choice that is suitable for all. What if I Told you that you could Become a Crorepati and Save LOTS of Income Tax at the same time? Would you be Interested in such a proposition?
Yes, it is quite possible. Towards the end of last year I had published a book titled "Your Complete Guide to Indian Income Tax and Retiring as a Crorepati" which would be just right for you. The books covered all the info you need know about Indian Income Tax and on top of that we have formulated an Investment Strategy that selects instruments that provide you both tax benefits and capital appreciation. The book also explains strategy to maintain optimal asset allocation based on your risk taking ability, how to handle maturity proceeds and closes off with the list of best Investment Options like Mutual Funds and Fixed Deposits right now.
Free Preview: Your Complete Guide to Indian Income Tax and Retiring as a Crorepati_Preview.pdf
Let us say you are someone in the 30% Tax Bracket, by saving 1 lakh per annum by saving Rs. 7,500/- per month you can reduce your tax liability by Rs. 30,000/- each year and shorten the time until you become a Crorepati by many years if you Invest this 30,000/- as well.
What are you waiting for?
A Sneak Preview of this book is available for you below. If you are interested, feel free to click the "Buy Now" button and purchase the pdf copy by paying via credit card.
If you want to check out the latest offer price of the book - please see here: Books by this Author