Personal finance
There is no shortcut to earn money. With a good strategy and regular investment, you can definitely create a large fund. Discipline, patience and a good investment strategy is necessary to become rich. Today we are going to tell you some formulas, by adopting which you can prepare a big fund. Let’s know.
72 rule
To know how long your money will be doubled, you have to give a share of the interest rate in 72, which you are getting on your investment. For example, your money at 7% interest rate will double in about 10.28 years.
10-12-10 rule
You can deposit around Rs 23-24 lakh by investing Rs 10,000 every month in investment with 12% annual returns for 10 years. For 10 years for 10 years, about Rs 43,000 will have to be invested for Rs 1 crore on this return.
Rule of 20-10-12
A fund of Rs 1 crore can be made by investing Rs 10,000 every month in investment with 12% annual returns for 20 years.
50-30-20 rule
Allocate 50% of your income for required expenses, 30% for hobbies and entertainment, and 20% for savings and investment.
40-40-12 rule
In order to create a large fund in 10-20 years, save and invest 40% of your monthly income. Keep 40% of your portfolio in mutual funds or shares and a target of average annual return.
Rule of 15-15-15
For 15 years, an investment of Rs 15,000 every month can be deposited in an average annual return option and about Rs 1 crore can be deposited.
25x rule
If you want to retire early, you will need an equal amount of your 1 year expenses. For example, if your annual expenditure is Rs 4 lakh, then you need a retirement fund of Rs 1 crore. This target can be achieved by options like SIP.
(This article is written only for the purpose of information. Be sure to consult your financial advisor before any type of investment or before taking financial risks. India TV will not be responsible for any kind of risk.)
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