How To Build a ₹10 Crore Corpus in 20 Years or Less? | Detailed Financial Plan | How to Build Wealth

Video Description

Building a 9 figure investment corpus is a dream for every investor. So in this video, we explore multiple paths that can help an investor realize the dream of building a 10 Crore corpus. Topics Covered: 00:00 Introduction 01:28 LET MATH SHOW THE PATH 05:35 A SIP IN TIME GETS US A NINE (FIGURE CORPUS) 11:27 SOME IMPORTANT CONSIDERATIONS 👉 Resources: ► ETMONEY Calculator - https://www.etmoney.com/tools-and-calculators/sip-calculator ► Excel Calculator - https://cdnblog.etmoney.com/wp-content/uploads/2021/07/ETMONEY_10_Crore_Calculator-1-1.xlsx 👉 Some Must Read Books for Your Money Library 📚 Rich Dad Poor Dad : https://amzn.to/3pJkVL1 📚 The Psychology of Money : https://amzn.to/3FNI1Wd 📚 Learn to Earn : https://amzn.to/3FKmKg1 📚 The Little Book That Still Beats the Market : https://amzn.to/3HvsKtN 👉 LET MATH SHOW THE PATH A number like 10 crores might feel a little daunting at first but much like any plan, a financial target often comes to three things - a) the initial investment or starting capital, b) annual returns and c) the duration. For example. if you have 10 lakhs of investible surplus, then an annual return of 26% for the next 20 years will take you to 10 crores. Make use of what you already have to ensure you are putting your investments in potentially better performing instruments 👉 A SIP IN TIME GETS US A NINE (FIGURE CORPUS) Building a nine-figure wealth corpus needs discipline and perhaps, the most effective way of doing that via the SIP route. Watch out for the 15-15-15 and 15-15-30 rules which can get you to 1 crore and 10 crore within 15 and 30 years respectively. A combination of the lumpsum approach and the SIP approach makes the task of achieving a high number like 10 crores a lot more doable. In our view, this combination of an initial lump sum plus the use of annual bonuses and a monthly SIP can go a long way in helping investors build a multi-crore wealth corpus 👉 SOME IMPORTANT CONSIDERATIONS 1. Instruments of Investing: Equity does a lot better than debt over the long term 2. Shifting Corpus from equities to fixed-income instruments when nearing the goal 3. Inflation and taxes #ETMONEY​ #10CroreCorpus #MutualFunds 👉 To invest in Direct Plans of top Mutual Funds for free, download the ETMONEY app: https://etmoney.onelink.me/unJQ/5ca1ae3b​ 👉Read more such informative articles at https://www.etmoney.com/blog​ 👉 Follow us on: ► Facebook: https://www.facebook.com/ETMONEY/ ► Twitter: https://twitter.com/etmoney ► Instagram: https://www.instagram.com/etmoney_official/ ► LinkedIn: https://www.linkedin.com/company/et_money/