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Earn ₹1 Crore by Investing ₹1000 Per Month | How to be a Millionaire? | Secrets to be Rich - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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You guys ask a lot of questions in the comments.
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Recently a question came to me.
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That question was very interesting.
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That question was if we can save only ₹1000
a month If a man saves only ₹ 1000 per month,
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can he become a millionaire then?
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Can he have more than one crore money?
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Now I will answer this question, but let me
ask this question first.
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You will think to yourself that we are saving
₹ 1000 every month to earn one crore rupees.
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If we will save it for 12 months, then this
is only ₹ 12000.
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If we save even for 10 years, then it becomes
₹ 120000 and if we save it for our whole
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life even then we can't save one crore rupees.
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And if you will think like most people, this
is the only answer you will get.
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That it is not possible, it may not happen
but you are watching this video, because you
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don't want to be in that category.
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Well now I am going to show you magic right
now and that magic is that it can happen.
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Now you will say that sir we have done simple
mathematics.
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It cannot be calculated from that.
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Yes, you can't calculate it from simple mathematics
and you can't do it with Simple interest also.
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You will have to learn compounding in it and
this can be done by compounding.
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Now you will say that sir how it can be calculated
by compounding.
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Now let me tell you.
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Right now we're talking about ₹1000 per
month and maybe if you have too much you can
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also invest ₹10000 and ₹ 100000 a month,
but right now we are talking about a simple
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₹ 1000 that the common man also understands
then you have to do one thing.
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First I will tell you everything, but before
that, you have to simply go to the Internet
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and after going to the Internet, you go to
Google and write a SIP Calculator.
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As soon as you write the SIP calculator on
Google, a screen comes in front of us.
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You have to go to the SIP calculator.
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here and you can go to any SIP calculator.
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Now you talked about investing only ₹ 1000
per month, it is not a big deal.
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Many people can do it but we have taken 15%
annual interest here.
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I will tell you how you will get 15%.
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So do not worry about it, nowhere you see
that I took an example of 35 years and you
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can take an example of 35 years, 40 years
and also of 50 years and also take less
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According to this, most people also think
about retirement.
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Many people do not think about retirement.
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They think that something big will happen
in 5 years and 10 years and we will tell for
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them also, but I took an example of 35 years
that if a person is watching this video at
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the age of 25 and he starts investing from
the age of 25, then what will happen in his
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life if he will save ₹1000 per month, We
haven't adjusted inflation yet, so here we
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are talking about 35 years, so what do you
think you would have saved.
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Here the answer is written.
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You have invested only ₹420000, then you
are saying we were correct.
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If we save a thousand rupees a month, then
in 10 years it will be 120000, then even in
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35 years it will be only ₹ 420000, then
it will be ₹420000 in 35 years, but
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you have seen or not seen one thing here.
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I don't know but you pay attention here.
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We have taken annual interest based on 15%.
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Now you must be thinking that 15% interest
is not available in the bank.
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The bank offers only a 3% interest rate.
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And FD gives interest rates up to 8%, so how
will we get a 15% interest rate?
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I took 15%, you can also do it 14%, you can
also make it 16%, so you are going to get
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returns, I will tell you.
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So you will have an expected amount after
35 years of 1.5 crores.
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So this 420000 of yours will become 1.5 crores,
so you are wondering how it can happen.
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The SIP calculator is in front of you.
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Now let us understand the meaning of this
SIP.
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SIP means Systematic Investment Planning or
Systematic Investment Plan, so when you invest
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systematically and invest in any plan for
it, it is called SIP, then you can do this
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SIP by yourself sitting at home.
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So I don't need to give too many details in
this.
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But let me tell you, If you can save this
money, thousand rupees every month, you shouldn't
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just save it, you should invest it.
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So the difference between investment and saving
is that if you keep saving money with yourself,
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then it doesn't increase.
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But when you invest it, then you get some
returns and Interest on it.
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This interest is the most powerful weapon.
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If I set it like 18% instead of 15%, I have
taken an example in front of you.
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We are saving thousand rupees per month.
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It will be 1.5 crores in 35 years according
to the 15%, but if I set it at 18% instead
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of 15% and I increase it only 3% interest.
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We are talking about annually, it is not a
big deal, then you will tell me how much will come
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Tell me by commenting, then this percentage
here is this powerful weapon.
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Most people do not understand that they have
to bring compound interest on their savings
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and compounded interest means that you get
interest in your amount and you also get interest
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on interest, this is the biggest thing.
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So if you understand this, then your game
is easy.
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Now some people will say that we can save
more than a thousand, so here I give answers
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to them.
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Who will say that we will become billionaires
in up to fifty years, but if we talk about
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five years or ten years, then a lot can happen
in this?
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Today you are thinking about a thousand rupees
per month.
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Suppose you earn up to 50000 per month.
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Whatever you earn, take out thousands of it.
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You think about how to grow that money.
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If you grow your income and for that, you
learn the new things, you think that from
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where extra money can come from and you also
learn to save money, then if you have started
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saving 5000 instead of 1000, then which your
work is being done in 35 years, that work
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can be done for you soon then it.
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So those who want to become rich soon will
have to understand that we want to earn more
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money and we want to save money quickly, then
I will clear a concept here.
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Look, you understand two things.
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One thing is to be Rich that you have got
money and you become rich, but then there
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is something called wealthy, we have to come
under the category of wealthy people.
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Wealth becomes slowly, your house also counts
in wealth, and Your reputation is also counted
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in and your bank balance also counted, there
are many things then it will take time to make wealth
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This is about your portfolio, how worth your
portfolio is.
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We have to talk in crores.
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We have to reach there, it can take time.
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You need to know these ways, so I am telling
you that to come into this category, you first
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need a mindset.
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Where most people feel that what happens with
thousand rupees, they spend and finish it
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and their compounding stops here, they will
never reach to crores but if today even a
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child is watching this video by sitting at
home, who gets pocket money.
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The child who puts the money in a piggy bank
can also think that I can create a demat account
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in my father's name and I can start SIP with
my father's name and that money will be saved
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up to the time I come to college and I will
have huge wealth and how this will happen,
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today is the beginning of that and it starts
with the mindset and now we talk directly
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that how you will get these returns when I
talked about 15 per cent.
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Maybe people did not believe in that, how
you get these returns, let me show you.
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So I come on my phone to show you and also
turn on the screen recording of my phone.
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I have come on Finity app, I also do investment
with Finity app especially in Mutual Fund's,
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and you can also do.
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I will put the link to Finity in the description
and comment box.
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So now you see that when you go to Finity,
then click on Mutual Fund.
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In Mutual funds, you do not have to put many
minds.
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Your funds and the money you are investing
in gets invested in different places and you
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can do that inequity there are many options
for equity as well.
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You can invest in large-cap companies and
you can invest in mid-cap companies and you
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can invest in small caps and you can invest
in multi caps also.
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Now, we are talking about Actively managed
mutual funds.
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We have talked about passive investment funds.
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Then you can invest money in passive index
funds and I will show you that, then look
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here, you will be surprised to see here.
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Here we take the example of Parag, of flexicap
direct growth, the returns are 29.46% and
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you were talking about 15% returns, there
are more returns than that come, but the market
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is bullish now if you will see overall, then
you can get many more returns than that.
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And here there are many, Axis Bank and Baroda's
and UTI's and you can see the returns, you
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don't have to invest only according to returns,
so now you can see ratings, so here are morningstar
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ratings so then you can choose and if you
want to invest in this axis growth opportunities
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then you will click simply on invest and when
you will click on invest, then you can start
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with ₹1000 example and it will become written
here that from ₹ 1000, it will become ₹ 600000
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in ten years, so you continue to invest here
and then this is how to invest in Flexicap.
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So flexicap is a kind of Mutual fund, apart
from this, these are actively managed Mutual
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funds, if you want to invest passively then
here you see that first of all, passive investment
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is coming, so when you will click on passive
index funding, then the advantage here is
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that according to Nifty, suppose you Invest
according to Nifty 50, then the 50 companies
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in the nifty 50, you can invest your money
in it.
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Now I click simply on the nifty, so in the
nifty, you can invest in the Nifty next fifty,
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so I will give you an example here.
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Look here, this is of nifty 50, yes see a
fund for example.
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UTI Nifty Next fifty, next fifty means that
there arenifty50 companies from one to 50,
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so the companies between 51 to 100.
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Your money is invested there, what happens
in the Nifty and in the Nifty next fifty,
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your companies keep changing and the companies
which will perform in it will remain in the
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Nifty Index, so you can invest money according
to the Index.
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Apart from that, you can see that generally,
you will get to see returns above 15 percent
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because the Nifty gives you a return of 14%
to 15%, so if you want to invest accordingly
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So we talk about UTI and SBI and here we are
watching HDFC and we want to invest money
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in HDFC, so we will click simply on the investment
now.
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And then you can choose, you can start investing
with ₹500, and if you choose ₹1000, So
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you will see what will be its value after
10 years, so there is a difference in the value is.
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Here you can see three lakh and there will
be six lakhs.
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It is showing according to past returns, but
there is no guarantee of future returns according
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to the past return.
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Here, I have told you a simple way that you
choose here.
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I told you about the Flexicap and that it
is not necessary.
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Generally, when people invest according to
Large Cap, I explain it to you.
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Some people will have questions in their minds.
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The first thing when you invest in mutual
funds.
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The first thing why Mutual funds, because
many people do not have much knowledge about
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the stock market that in which company to
invest money or in which not so when you invest
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money in the active Mutual Funds, so funds
managers are appointed for this, they choose
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where to invest money, but if you chose to
invest money in the Large Cap Fund, then your
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money will be invested in the companies with
large capital after considering their market
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capitalization, if you will choose mid-cap
or mid-size companies then the companies whose
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market capitalization comes in this category,
your fund manager will be restricted according to the category.
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But as soon as you choose the flexicap, then
the fund manager can invest money in any company
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in which he thinks that there can be growth,
then you can compound your wealth by simply choosing mutual funds.
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So I showed you examples, the thing is from
where you can start.
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So I had a conversation with the management
of Finity.
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Then he told me that the time of investment
was yesterday, and it passed and the next
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best time is today.
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So if you want to start investing, then you
can start it today.
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Now if you keep investing every month, see
you were wasting that money, maybe it was
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wasting, today it will be saved and compounded
and you will have real Wealth.
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So today you have come to know that magic
secret which very few people know because
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very few people become rich in life and you
can become, this is your choice, see you will
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become or not, time will tell.
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But if you will have some good habits, out
of which investing and investing continuously
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is a good habit then you are
going to go a long way in life.
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So I think that our future is bright.
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What do you think?
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Tell me in the comments below, what did you
like best about this video?
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You will tell me in the comment.
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You have to do an investment plan on the Finity.
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Simply three is a link in the description
and comment box, you can do it with your mobile
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phone and you don't need an agent and you
don't need to ask anyone.
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You can do it by yourself.
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Finally, share this video so that this right
information to most people and if you are
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watching this video on Facebook then follow
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then subscribe and click on the Bell icon,
so I will see you in the next video, like
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