Freecharge's video: How Should I Invest To Earn Rs 1 Crore Freecharge

Below are some of the key steps that you must follow to get your dream of achieving 1 Crore fulfilled Start Early: A lot of people enjoy their earnings by spending most of it in their early life instead of saving for the future. While it’s not at all wrong to enjoy your own hard-earned money, you have to be a bit practical until you achieve your financial cushion. In simple words, everyone has goals in their life, short-term or long-term. And depending on these goals, you need a sizable chunk of cash in your account.  As the saying goes “early to bed, early to rise makes a man healthy, wealthy and wise”, likewise, “starting early and investing early can result in good returns in the long run”.  One such way of starting early and starting small is through Mutual Fund SIPs. SIPs are a great way to invest with discipline as it automates your investments every month. You can start small and grow as your comfort and earnings increase. Just remember, the goal you are racing towards is becoming a crorepati. So don’t miss out on the chance of investing early in life and accumulating wealth over time with the power of compounding.       Start Small: There’s a quote that goes like “start small, think big”. This applies to investing as well. If you feel that investing in equity requires a lot of money or is risky, then the other way to invest in them is through mutual funds. This mode of investment creates discipline with respect to the investments if you are willing to go long-term. Through SIP, you can start small and invest regularly fin equity by putting money in Equity Mutual Fund.  As far as returns go, they not only deliver inflation-beating returns but also yield more than some other instruments like fixed deposits, savings accounts, bonds, etc. Historically, the average annual return for equity mutual funds has been anywhere between 10 to 15% respectively. But remember, the number of years it takes to reach 1 Crore varies from person to person. So in the current case, the expected target amount is Rs 1 Crore.  If the expected returns from your investments are 15%, all you need to invest every month is Rs 15,000 for a period of 15 years to get your 1 Crore dream fulfilled. Amazing, isn& ;t it? Discipline is The Key: Is it that hard to stay disciplined in the investing space?  The answer is “NO”. Well, here’s to why – If you are that person who pays their bills timely, saves every month properly, and puts a certain percentage of your savings into financial avenues regularly, then you clearly follow discipline here.  However, doing this requires a lot of dedication because at the end of the day it’s all about money. The only difference between a successful investor and an unsuccessful investor is that the former follows a disciplined investing routine whereas the latter doesn't. The unsuccessful investors react to the market swings very quickly and impulsively. Successful investors, on the other hand, don’t react to every minor change or volatility in the market. They wait till the dust settles and then jump in to take their respective positions in the market.  Now, if you look at the bright side of disciplined investing, adding just 10% to your previous SIP amount annually for at least 10 years or more can bring about 40% to 50% growth in the returns.  The Power of Compounding: Finally, the last but the most important one is compounding.  Well, almost every investor must have heard about the “power of compounding”, but many of them are unaware of how this actually works. If you recall, you have learned the compound interest concept in your school days.  The interest adds to the new principle and carries the new value to the next period. The process keeps on repeating until you reach the specific year that you were computing for. Likewise, compounding in investing works the same. Now, let’s understand this compounding effect in financial terms.  As you know, investment is always a work in progress. There’s no end to it until you withdraw yourself from these things or squash your dream. The best way to accumulate 1 Crore is switching from short-term to long-term. The more time you hold your investment, the greater will be your returns on your investment. And compounding does the rest of the job for you by augmenting your investment money year-on-year.  👉Download Freecharge App: https://frch.in/k9HEcmfbjrb 👉Visit us: https://www.freecharge.in 👉Follow us on: Facebook: https://www.facebook.com/Freecharge Twitter: https://twitter.com/Freecharge Instagram: https://www.instagram.com/freechargeofficial/ LinkedIn: https://www.linkedin.com/company/freecharge-in/