Wednesday, February 29, 2012

Become Millionaire with Habit of Regular Saving

Mostly, we believe that we need to earn lots of money for becoming extremely rich; however, we mostly miss a vital ingredient required to become rich in life. This vital ingredient is good habit of regular saving. Saving has great power in it to increase our wealth many times and to complete numbers of our dreams. I want to tell about my friend who first become Lakhpati with the help of habit of regular saving and now slowly, his savings are going to make him crorepati soon. My friend saved hard when my other friends did not give any importance to saving.

Today with his habit of saving, he has two plots worth Rs 25 Lakhs and a good house. He used to save 30 to 70% of his earning depending on circumstances which may look impossible to many. After accumulating good savings for two to three years, he used to invest his savings in to land or gold. With time, price of land and gold increased many times so his wealth has also increased many times. Amazing thing about him is that he is employment with moderate salary of few thousand rupees only. Today, he has more wealth than most of his friends.

He is true and self made crorepati in my eyes because he earned crore rupees through his wise efforts only. In this whole story, main role is played by his habit of savings. Most of people in India save less than 1% of total earning; therefore, miss financial benefits offered by saving. With good habit of saving, it is possible for any person to save few thousand to few lakh rupees in a single year only. Soon, this money can be invested wisely for getting better results. With combination of hard saving and wise investing, any person can become first Lakhpati and then shortly a Crorepati.

No comments:

Google

Popular Posts