Just like Million Dollar is a big amount similarly a Crore is actually a big amount in India. Having 1 Crore is basically a magical figure which everyone wants to achieve and that's a path closer to your financial freedom.
We all know that after 1 Crore, wealth explodes because of compound interest. Now getting to 1 Crore is actually a huge task. It needs consistency and discipline in investing to achieve that. So when you have to make your first Crore, you have to spend some time in the market. Like I am investing for the last 8 years and still not reached to that magical figure, it might need another 2 years hopefully to reach there.
So what has worked for me till now is investing consistently and increasing the investment whenever I got the pay raise. This has helped me to not go towards the lifestyle inflation. In the Video above I have also talked about the different possible scenario where you can achieve the 1 Crore mark in 5 years, 10 years or 15 years. I am targeting 10 years mark basically, hopefully in another 2 years I might achieve that.
Now once you have that 1 Crore, your another Crore should be relatively easy because this Crore will also help you in reaching there. And that's why compound interest is so good. People who have less salary, can start with small amount and then increase the amount as an when they start earning well. In that way they will be reaching the target in some time.
So even if you have not reached till the 1 Crore till now, you will eventually reach there. Just that we have to be little disciplined and consistently invest that's it.
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