This formula fits people from 25 years to 45 years. You can raise one crore rupees in just 15 years with this simple formula. At the same time, in 30 years, 10 crore rupees can be raised from this tricks.
Right now the age is only 25 years, now is the time for fun. Will think about saving later. Often and most of the youth have the same answer regarding savings. But they need to understand, when the responsibility increases, then the expenses also increase. By the way, saving becomes more difficult in time.
But in today’s era, there are some youths who start focusing on savings from the very beginning of their career i.e. from the first job. Not only this, some people start planning for retirement at the age of 40 years, 45 years and 50 years. This is possible only when you start saving with your first job. If you also want to retire in 15 years, then this formula is going to work for you.
Actually, this formula fits people from 25 years to 45 years. Try adopting this formula only for 15 years. 25 year olds will be successful in 40 years. People in their 30s will become millionaires by the time they are 45 and people in their 40s by the time they are 55.
Let us know which is such a formula, which makes anyone a Crorepati in 15 years. We are talking about 15x15x15 rule ie (15*15*15 Formula). You can raise one crore rupees in just 15 years with this simple formula. At the same time, in 30 years, 10 crore rupees can be raised from this tricks. If you are planning for house, car, children’s education, children’s marriage or your retirement, then you can achieve your goal with this formula.
Saving is necessary for investment
But to achieve any financial goal one has to invest, and have to do it consistently, the 15x15x15 formula is shown in association with mutual funds. In today’s era, financial advisors recommend SIP in Mutual Fund to investors. Because investing in mutual funds is very easy. People of any age can do SIP in mutual funds. There is the power of compounding behind this. The formula of Power of Compounding says that the investment has to be continued for a long period of time.
What is the 15x15x15 formula? There are three 15’s in it, the first 15 determines the investment amount. That means an investment of Rs 15,000 is needed every month. After that, the second 15 means that this investment will have to be continued continuously for 15 years. While the third 15 says that 15 percent interest should be received annually on that investment.
How is this formula earning?
Now let us tell you, how you can become a millionaire in just 15 years with the 15x15x15 formula (15*15*15 Rule in Mutual Funds). For this, you will have to invest 15 thousand rupees every month in mutual funds for 15 years, and 15 percent interest should be received on this investment. After which in 15 years the investor will get a total of Rs 1,00,27,601 (more than one crore). At the same time, the investor will have to deposit Rs 27 lakh, on which a bumper interest of Rs 73 lakh will be received.
If you invest 15 thousand rupees every month from the age of 20 under the 15x15x15 formula, then you will become a millionaire at the age of 35. If you start at the age of 25, you will become a millionaire in 40 years. That is, at the age of 40, you can fulfill your dreams of a house, car and other dreams with this fund.
If you understand at a young age, it will be more beneficial
The sooner you start, the more benefit you will get. You can raise more than Rs 10 crore in 30 years by adopting this formula. For which the amount of investment (15 thousand rupees) and interest on it (15 percent) will remain the same every month, only the time will increase to 30 years. Under the 15x15x30 formula (15*15*30 Rule), you will have to do SIP of Rs 15,000 every month for 30 years. On which 15 percent interest has been estimated, which has been given by mutual funds in the last two decades. With the 15x15x30 formula, you will be able to deposit Rs 10,51,47,309 (more than 10 crores).
Whereas during 30 years the investor will have to deposit a total of Rs 54 lakh. On which about 9.97 crore interest will be received. If you start investing under this formula from the age of 20, you will become the owner of 10 crores at the age of 50.
Benefits of SIP: This interest must be surprising you, but it is possible. Because interest is added to the compounding formula in SIP. In the beginning, interest is received on the original investment, then interest is received on the interest. With which you can become a millionaire with regular investment every month.
(Note: The returns in the above formula are shown as an estimate, take the help of a financial advisor before making any investment.)
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