How to Make ₹1 Crore in 10 Years with a ₹1 Lakh Salary
Many people earn a good salary but struggle to build real wealth. If your monthly income is around ₹1 lakh, you can actually create a fund of ₹1 crore in 10 years. The key is to plan smartly, save regularly, and let your money grow through investments.
1. Save and Invest Consistently
If you invest about ₹44,000 per month and earn an average return of 12% per year, you can reach ₹1 crore in 10 years. This may look like a big amount to set aside, but with discipline it is possible. Think of this as “paying yourself first” before spending on other things.
2. Control Your Lifestyle Spending
When salaries increase, most people start spending more on luxuries. This is called “lifestyle inflation.” To reach big financial goals, try to keep your monthly expenses around 40–50% of your salary. Set aside about 10% for emergencies like medical needs, and use the rest for investments.
3. Choose Growth Investments
Safe options like fixed deposits do not give high enough returns. To grow your money, you need to invest in equity mutual funds or index funds through SIPs (Systematic Investment Plans). These allow your money to grow with the stock market over time.
4. Increase Investments Every Year
Your income will not remain the same. As it grows, also increase your monthly SIP. Even a 10% increase each year makes a big difference. For example, if you start at ₹44,000 per month, next year raise it to ₹48,000, and so on. This step-up method helps you reach your goal faster.
5. Stay Invested During Ups and Downs
Stock markets always move up and down. Many people panic and stop investing when markets fall. This is a mistake. The smart way is to stay invested for the long term. Over 10 years, ups and downs balance out, and growth becomes strong.
6. Review Once a Year
Do not check your portfolio daily. Instead, look at it once a year. Rebalance only if your investments are not matching your target plan. Avoid emotional or frequent changes.
Final Note
With a ₹1 lakh salary, careful planning can make you a crorepati in 10 years. The formula is simple: save half your income, invest in equities through SIPs, increase your investments each year, and stay patient. Discipline and consistency are more important than luck when it comes to building wealth.
Source- NDTV Profit
NDTV Profit
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