Sabka Sapna Money Money: Save just 2,000 rupees a month, be a millionaire at retirement, know what math is

If you want to become a millionaire, you don't need to invest a huge amount of money every month. You can achieve this goal by planning smart investments. If you want, you can become a millionaire by starting investment from just 2000 rupees.

5 Month ago

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Everyone dreams of becoming a millionaire. However, due to rising inflation and limited income, one cannot be sure that this dream will come true. However, the dream of becoming a millionaire can be fulfilled by saving only 2 thousand rupees per month.

SIP mutual funds can give better returns than all government schemes. If you continue to invest in it for a long time, it can easily make you a millionaire.

First of all you have to start investing in mutual funds through SIP. Mutual funds are thus linked to the stock market, but are considered to be a very good investment option as they are relatively low risk.

SIP mutual funds can give better returns than all government schemes. If you continue to invest in it for a long time, it can easily make you a millionaire.

You have to start investing in mutual fund with 2000 rupees and every year you have to increase this investment by 10 percent. If you are starting investment with 2000 rupees, then next year you have to increase it by 200 rupees, that means you have to invest 2200 rupees in the next full year. have to do In the next year, 10 percent of 2200 rupees i.e. 220 rupees will have to be added and a total of 2420 rupees will have to be invested throughout the year.

In this way you will invest a total of ₹ 39,47,857 in 30 years. The average return on SIP is considered to be 12 percent. Thus, at 12 percent, you will get ₹1,37,20,391 as interest. 39,47,857+ 1,37,20,391= 1,76,68,247 rupees, thus in 30 years you will become the owner of around two and a half crore rupees.

You have to increase the total investment amount by 10 percent every year. Your income also grows over time, so a 10 percent increase every year isn't a big deal. With this strategy you have to continue investing for 30 years.