Yes, my friend, you heard that right. You can earn crores too. That too with just 10% of your salary. I’ll show you how Veeru, by saving just 10% of his salary, will accumulate a huge amount of Rs.1.14 Crore. Let me take you on a life journey of Jai & Veeru.
Jai, who has just stepped into a corporate job directly from college, starts earning a handsome salary of Rs.25000 per month. He keeps on buying unwanted materialistic stuff, parties in 5-star discotheques to impress his female partners, spends way more than his monthly income and continues to be in debt without saving even a single penny. Being unaware of the fact that life is uncertain, he keeps on maintaining his lavish lifestyle. He doesn’t even bother about building an Emergency Fund and thus makes his life miserable.
On the other hand, his colleague Veeru, who also earns Rs.25000/month, saves 10% of his monthly salary and keeps it aside in a financial product. He then spends the leftover money on his household expenses, travels around to gain rich diversified experience (traveling is his passion) and parties once in 2-3 months. The money invested keeps on growing at an average rate of 14% annually and thus becomes a huge amount of Rs.1.14 Crore over a period of 30 years.
Earnings of Veeru:
As per the figures above, you can see that with a deposit of just 10% of his salary in a financial product every month, he’ll accumulate a handsome corpus of Rs.1.14 Crore. By observing the chart above, you’ll also realize that the longer the time Veeru gives to his deposits, higher the amount he’ll accumulate. At the end of 30th year, his deposits of Rs.9 Lakhs becomes a huge mammoth of Rs.1.14 Crore.
Unmistakably, you’ll never want to end up like Jai in any case. That’s what I believe. After all, who wants to be at the other end of the coin where people love to lose what they earn.
So guys, start investing 10% of your salary every month and sow the seeds of building a long-term wealth. After all, it’s not about how much you earn. It’s about how much you keep.
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