The 10x Millionaire Plan outlines how you can become a millionaire 10 times over in a span of 12 years.
Its not so difficult as it sounds.
So you want to generate a corpus of Rs 1,00,00,000 in the next 12 years. Let us consider the plan below.
- Considering a compounded annual growth rate of 15% which can be achieved by investing in a diversified mutual fund, we can calculate backwards how much you need to save today.
- If you invest Rs 25000 per month for 12 years, you will end up with Rs 1,00,89,615 (@15%), which means you will be a millionaire 10 times over
- You would have invested a total of Rs 36,00,000 and your wealth gain would be around Rs 64,89,615
- Check out the images below.
Of course, if you change the variables in the example above, you can achieve this feat before or after 12 years as per your convenience.
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Happy Investing.
10x Millionaire Plan