How to Become Crorepati at the Time of Retirement by Investing just Rs. 100 per Month

Spread the Love .... Share!

How to Become Crorepati at the Time of Retirement

How to become crorepati – a common question asked by several people! Is not it?

Everyone has the dream to accumulate a lot of wealth at the time of retirement.

If you can save at least one crore rupee at the time of retirement, it will be a joyous moment for you. That means Retire with Rich for a happy life.

But the question is how to become crorepati when you retire.

Is it possible to fulfill your dream?

Yes, it is possible. And this can be possible by proper investing. You have to follow discipline in investing. Again, this is possible by investing just Rs. 100 per month.

Some people may tell that it is not possible. Some may laugh by first hearing the question.

But it is possible.

In the present blog post, I will discuss how to become crorepati when you retire, by saving small amounts every month.

Why do you retire with rich?

There are several reasons why you retire with rich. Some of them are given below.

  • To happily live with the rest of the life
  • To buy a house
  • To buy a property
  • For your child’s higher education
  • For your child’s marriage
  • To maintain a comfortable life
  • To further invest to generate a monthly income

How to Become Crorepati at the Time of Retirement

I will discuss two ways on how to become crorepati at the time of retirement. However, there may also be several other options.

The first option is:

Investing in the stock market for the long run.

The second option is:

Investing in mutual funds for the long run.

Investing in the stock market

Investments in the stock market, in the long run, yield good returns. This is I am not telling. Just check the previous records of the stock market. You will get the answer.

To invest in the stock market, first, you require a Demat and trading account. And this can be opened through a broker.

There are two types of brokers, i.e., traditional brokers and discount. You need a discount broker to minimize your brokerage.

You can open your account at any of the discount brokers. If you want to open your account with Zerodha, one of the best discount brokers in India, you can click the below link.

Open your Demat and trading account with Zerodha

Again, I have prepared a specific blog post on how to open your Demat and trading account with Zerodha. Go through it.

Then you need to select quality stocks. Read my article on how to filter quality stocks. This is the most important point before you start investing.

Then the next important procedure is to distinguish the undervalued quality stocks. Otherwise, you may not get immediate returns.

I have made an online calculator for checking whether a stock is undervalued or not. I encourage you to use the online stock true value calculator.

Once you identified undervalued, quality stocks, start investing in them. You may use technical charts for capturing the proper buying point.

Investing in mutual funds

You can also invest in good mutual funds for the long run. Use online mutual funds. No need to go anywhere. Just do it online. Open an account and start investing in mutual funds.

You have to choose the best mutual funds based on quality and performance. Another thing you have to remember – select the right plans at the right times.

Another benefit of investing in mutual funds is:

You do not require stock-picking ideas.

The fund managers will do it.

Important hint:

When the Nifty-50 PE ratio is less than 20, the right time is there to invest in equity-based mutual funds.

Check Nifty-50 PE ratio

Detail calculations

I will show you the detailed calculations on how to become crorepati at the time of retirement.

Mathematics does not lie. Let us start.

First, you need to invest an initial amount of Rs. 1000. This is the first time investment and this is considered as the year 0.

Then you have to invest Rs. 100 in every month. Rs. 100 is nothing but a very small amount. This is possible and not a big problem. You can stop one of your extra expenditures in a month and save the money for investment.

You have to continue the investment process for 40 years. So you need to start early. It is better to start investing when you complete 20 years of age. So you can retire at the age of 60 with at least one crore rupee.

How to Become Crorepati at the Time of Retirement by investing just Rs. 100 per month

Just look at the screenshots and understand how it is possible.

Sheet 1 of 4 - How to Become Crorepati at the Time of Retirement

Sheet 1 of 4 – How to Become Crorepati at the Time of Retirement

Sheet 2 of 4 - How to Become Crorepati at the Time of Retirement

Sheet 2 of 4 – How to Become Crorepati at the Time of Retirement

Sheet 3 of 4 - How to Become Crorepati at the Time of Retirement

Sheet 3 of 4 – How to Become Crorepati at the Time of Retirement

Sheet 4 of 4 - How to Become Crorepati at the Time of Retirement

Sheet 4 of 4 – How to Become Crorepati at the Time of Retirement

Power of compounding

This is possible due to the power of compounding. You have put a small amount (Rs. 100 per month), but the power of compounding does it for you.

So don’t underestimate the power of compounding. In the long run, the power of compounding does the magic for you.

Final thoughts

(On how to become crorepati at the time of retirement)

If you know proper investing either in the stock market or mutual funds, you will be a crorepati at the time of retirement.

All you need to do is start investing early.

Suppose you started investing at the age of 20.

Start an initial investment of Rs. 1000. Then add monthly a small amount of Rs. 100 up to 40 years.

If you can get an annual return of 20%, you will have more than one crore rupee at the time of retirement.

It is not a difficult task to achieve a return of 20% per annum in the long run if you follow proper and quality investing. You are required to be a disciplined investor.

Bonus point

If you invest in the stock market, you will get additional yearly dividends from stocks. All you need to do is: Invest in dividend-paying quality stocks.

If you like the post on how to become crorepati at the time of retirement, share on Facebook, Twitter, etc.

Further, if you have any queries or suggestions, give your comments in the comment box.

Also read:

How to Start Investing with Rs. 5000


Spread the Love .... Share!

Leave a Comment

Your email address will not be published. Required fields are marked *