Do you also think that after earning Rs 1 crore annually, your life will be settled and you will become rich? If yes, then wait a moment. A chartered accountant from Bengaluru (CA) has social media But such a bitter truth has been shared, which has forced everyone to think. Deloitte (Deloitte) and KPMG (KPMG) has worked in big companies like Meenal Goyal Has told why even a big salary is not enough to make you rich.
Meenal’s own experience- ‘When I used to earn Rs 1 lakh…’
by Meenal Goyal LinkedIn But remembering her old days, she wrote, ‘When I was earning Rs 1 lakh every month in KPMG, I used to think that the day I start earning Rs 1 crore a year, I will become rich. But I was completely wrong. He explained that as time passed, he understood that the real game is not about big salary, but about financial discipline. If you don’t know how to handle money, even Rs 1 crore will fall short.
The difference between someone earning Rs 50 lakh and someone earning Rs 12 lakh
To prove her point, Meenal gave a very accurate example. She wrote that today she sees many software engineers who earn Rs 50 lakh per year, but their savings are less than those government employees who earn only Rs 12 lakh per year. Only 0.16% of India’s population (about 23 lakh people) earns more than Rs 1 crore per year. But Meenal says that it is not at all necessary to have a salary of Rs 1 crore to become a millionaire.
This is the biggest enemy of becoming rich
According to Minal, the biggest reason for not being able to become rich is lifestyle inflation (Lifestyle Inflation) That is, as the salary increases, our expenses and hobbies also increase. Earlier people were happy in a rented house of Rs 20,000, as the salary increased, they shifted to a flat of Rs 70,000. In place of Activa scooter came a gleaming BMW car on EMI. instead of simple home-cooked meals every day swiggy And Zomato Food orders started coming from. The result is that the increased salary disappears even before it appears in the bank account.
How to become a millionaire in 10 years?
Meenal told that a fund of Rs 1 crore can be created even without an IIT degree or the support of rich parents. If your salary increases by 10% every year and you invest your money in the right place and earn 12-15% returns, then it is absolutely possible to accumulate wealth of Rs 1 crore in 10 years. If you have a fund of Rs 1 crore, then it can generate passive income of around Rs 1 lakh every month, which can bear the burden of 60-70% of your EMI. This is called real economic freedom.
What did people say on the internet?
This post of Meenal has created a stir on social media and people are commenting heavily on it. One user wrote, absolutely right. As soon as the salary increases, you should increase your SIP before increasing the expenses. Another user said, earning only gives opportunity, but whether you will become rich or not, it is decided by your habits. Meenal has predicted that there will be 1 crore new millionaires in India by 2030. But the question is, do you want to join that list by keeping your expenses under control? Also read:An employee did such a trick to watch the FIFA World Cup Final, a reel exposed it; Boss canceled leave
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