Crorepati Calculator: If you invest with this strategy then even a person earning a salary of Rs 20,000 can become a crorepati

 Crorepati Calculator: If you invest with this strategy then even a person earning a salary of Rs 20,000 can become a crorepatiThere are many people across the country who work away from their homes. And to provide a better future to their family. In such a situation, they earn ₹ 15,000 to ₹ 20,000 and save every penny, but due to low salary, they are not able to save a large amount. But if they want, then nothing is impossible because nowadays there is an option in investment. Under which by investing a small amount, one can save a lot of money, they can even become a millionaire. But to invest, one has to continue for a long time. And let's know how much to save and invest with such a small salary.



Follow this formula for saving and investing

Crorepati Calculator First of all, if we talk about savings, we earn ₹20,000 and survive . In such a situation, the question that will arise in the mind is how much salary should we save and invest? If you want to become a crorepati, then you will have to invest your savings. You will have to adopt the formula of 70,15,15 in saving investment.

Understand the meaning of the formula

You are using 70% of your income from 15 relationships to meet your needs. Create 15% of the amount as an emergency fund and invest 15% of the amount. 70% of ₹20,000 i.e. ₹14,000 will be used to cover all expenses. 15% i.e. ₹3000 will have to be kept as an emergency fund and 15% i.e. ₹3000 will have to be kept for investment.

Where to invest to become a millionaire

If you want to become a millionaire, you can invest in mutual funds through SIP. The average return in mutual funds is 12 percent. You also get the benefit of compounding in this. Money transforms fast if you invest ₹3000 every month continuously for a long time for 30 years. In 30 years, you will invest ₹10,80,000 but at the rate of 12 percent, you will get ₹95,09,771 only from interest. In this way, you will be the owner of ₹1,05,89,741 in 30 years.

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