Lesson # 14 : Earning the first 1,00,00,000 without working for it

Wealth is created over a long time and perhaps no one would understand that better than the average Indian. But there are certain shortcuts to creating this wealth. Diverting a certain portion of the savings or income towards various instruments can help generate income beyond imagination. A person can have a crore rupees in less than thirty years by investing just 18,00,000 over a period of 30 years or just 5,000 rupees a month.

Year	Amount (5000 a month)
5	3,90,412
10	10,32,760
15	20,89,621
20	38,28,485
25	66,89,452
30	11,396,627

The following are the returns on investments made at 5000 a month for 30 years at 10% per year compounded annually. 

This makes creating money a lot easier. Now, if a person invests 10,000 rupees a month then the time reduces to half and the same target can be achieved in a lesser amount of time.

In the end remember that The money works for you and not the other way around.

Happy Investing

Udit Sabharwal { On behalf of Doodle inc}