Becoming a crorepati is a dream for many. Honestly, being a happy, go lucky guy, I haven't given it a lot of thought on becoming one.
And now when I think of it, my analytical mind tells me that there are so many variables on which the dream depends on. Hard work, patience and persistence are some variables which can't be quantified. But there are some variables which can be quantified and they are:
1. Amount Invested every month/year. 2. Rate of return. 3. Period for which amount stays invested.
So if you start at age 20 and invest Rs 60000 every year (Rs 5000 every month) and earn 13.50% return on your investments, the total works out to Rs 1 crore after you attain 45 years of age(25 years)
Want to work on the permutations and combinations for yourself. Download the excel sheet here
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