what in case of death? Dream might remain a dead-body dream? Who enjoys the booty after death? Who will ensure 25 years of survival........keeping in mind Haiti and Tsunami?
The Writer of This article knows The incomplete Theory And does not know the Practical. I am Sure He Himself does not follow this Theory. As I said the Theory is incomplete as it does not included the Inflation. As the years Increases your investment amount should be increased Otherwise after 25 years one remains Lakhopati.
Saving Should not be done by considring the target amount But It should be done by Ones Capacity. Where you save 500 or 5000 Saving is must.
The best Solution to become Crorpati is as follows.
1 - The Saving Account should be different than Salary / Current Account. that means the Saving account shold have Credit Entry only and if there is debit entry that should go for investment 2 - Saving ammount shold be proportional to the income. First Save say 10% in saving account and then spend the left ammount. 3 - Always search for Investemet apportunities. 4 - All expences should be to fulfill the need and not for the Liking or for Dreams or for Hobbies. 5- Never go for Luxary Go for Requirement and Need. For example Never buy mobile just because it has new technology or have status Buy as per your Required Facilities as Saving Mony is nothing but earning it. So before buying just ask yourself Can I manage without it. ? If its not Emergency Never buy any Product that has depriciation on EMI. Always use Credit for the Property and Needfull Appliances. for example. buy house or Washing Machine on EMI but Never Buy LCD or Travel Trip on emi.
Wrong calculation. 10,109 per month for 15 years at 12% interest yoy amounts to Rs. 50.65 lakhs not 1 crore. Reaching that amount is not easy after all, huh?
