Some potential ways to earn such a large sum of money in one day include. As I mentioned earlier, earning 1 crore (10 million) in one day is a significant financial goal and will likely require a combination of hard work, skill, and luck. It is an ambitious goal, and it’s important to remember that earning a significant amount of money quickly is not easy and not guaranteed. It also may not be sustainable or come with risks.
Some potential ways to earn such a large sum of money in one day include.
- Starting a successful business: This could involve creating a new product or service that solves a real problem and finding a large market for it. It would take a lot of effort and hard work but if it’s successful it can earn you a lot of money.
- Investing in stocks, cryptocurrency, or other high-risk, high-reward opportunities: This method of earning money is not guaranteed and can be risky, but with the right investment strategy, you can potentially earn a large amount of money in a short period of time.
- Winning a large lottery or gambling prize: This is a highly unlikely way to earn 1 crore in one day, but it’s possible.
- Creating viral content: If you can create a viral video, meme, or other content that reaches a massive audience, you could earn a significant amount of money from advertising and sponsorships.
- Participating in the stock market: One could potentially earn a large sum of money by participating in the stock market, but it’s important to note that this is a risky and speculative method. It is important to have knowledge of the stock market and to invest wisely.
You want to accumulate Rs. 1 crore by investing around Rs. 20,000 a month. It is quite possible, but it would not happen overnight. You will need to make investments in a disciplined manner and stay invested for the long term. One way to ensure disciplined investing is to opt for a Systematic Investment Plan (SIP).
Apart from disciplined investing, you will also need to be smart about the products in which you invest. Equity Mutual Funds are a good choice, as their ability to give inflation-beating returns in the long term is unmatched.
While there is no guaranteed or fixed rate of return that you can expect from your Equity Mutual Funds, you can refer to past returns as an indicator. Here are some of the most popular Equity Fund categories and what they have delivered in the past to get a hint of what you can expect from your returns.
Who doesn’t dream of earning 1 crore from the stock market. A lot of people want to, but very few have been able to successfully achieve the goal.
Reason? There are no short-cuts. There is no quick money. It requires time, patience, and hard work.
In this article, we will give you easy-to-follow steps to earn 1 crore from the stock market.
Assuming you are starting from 0 today, this article will also tell you how much time you need to achieve the goal of 1 crore.
Steps
- Save 20-25% of your income: If your salary is ₹ 50,000; you should try to save and invest 10,000 to 12,500.
- Invest in Index funds: If you do not have any knowledge or experience in the stock market, invest in a low-cost Nifty 50 index fund. The chance of losing money in the long run is extremely low here.
- Increase monthly SIP: As your career progresses and salary increases, increase the monthly SIP amount – preferably 10% increase every year. Example: If you invest decide to invest 5000 every month this year, you should target investing ₹ 5500 per month in 2023, ₹ 6050 / month in 2024 and so on.
- Be consistent: Consistency is the key. You should not skip your monthly SIP investment. The best time to invest is immediately after salary is credited to your bank account. Do not wait till the end of the month.
