20 lacs to 100 crores
What should I do to reach 100 cr in 10-15 years?
I'm an ambitious person who can work his ass off. But I lack direction, I don't know what I should do to get there.
Any answer can give me a better perspective. But please refrain from questioning the ambition.
I'm in tech and I make 22 lacs/year (4 years of exp)
My current portfolio split up: 6 lacs - Nifty 50 MF 5 lacs - FD 10-20 lacs - real estate
Talking product sense with Ridhi
9 min AI interview5 questions
- Wake up at 4am
- Plan the day ahead by brainstorming new ideas for profitability
- Go to gym, invest in your body
- Reach out to your customers before your morning coffee, helps set the tone for the day.
- Rob a bank
- Repeat till you reach your target of 100 crores.
Join an early stage startup - ESOP ownership
Start a business - sell it
You ain't getting there by salary/investments ever
Most useful comment. Thanks for the insight.
Agreed. This sort of money doesn’t come from salary though if you worked your way to the top leadership of a bluechip, ₹100 big Cs in 15 years would be very much the norm. Or, start a business that gets valued in thousands of crores and your shareholding is in the double digits.
- Start with 1000 crores
- Get married
- You will reach 100 crores in few years time
Short answer: Dhanda kar bro dhanda
Long answer:
With a 20L initial investment, and considering you invest 1.5L pm with 10% increase in investments per year, and 5% inflation. You’ll need a return rate of 99.297% (Acc to ChatGPT ofc)
This is excluding the tax, and increase in your personal expenses.
Unconventional returns only occur in unconventional situations. You cannot create such wealth while working for someone else. You want to be able to control how much your time is worth.
Before you go out creating wealth, start retaining it first. Baaki invest karo, and find passive ways to make money, some for a techie would be consultation, freelance, coaching(works well only if you’re from an IIT/NIT and teaching code to students) or build something of your own, tech or non tech related.
Thanks for the detailed answer, I appreciate it.
Stop using chatgpt for math. The OP needs to make his money 500 times (considering 20L initial investment only). 51% IRR is what you'll need. Again close to impossible but I coolant stand people using llms for math, atleast not just yet.
Looks like you might not have a realistic view of your life and the journey ahead. Not all money you get is going to be investable. You might marry and have kids. Their medical, school, lifestyle (home, car, vacations) all together is gonna be a big chunk of your earnings. Then your parents will get old, their management will be another chunk. Over all of this you still have to have a quality life, that’s another big chunk.
Only if you sacrifice all of this can you invest most of your money. Even that might not suffice for that target. I would suggest you instead take it step by step. Have clarity what is the minimum you need to manage life, get there first. The best way to do this I could find is get to high paying jobs.
Once you are financially independent but still have an acceptable lifestyle, is when you can focus fully on building generational wealth. Go from 10L to 1cr to 10cr and more.
If you don’t actively have rest of your life managed well, it’s almost impossible to build wealth. Every wealthy person I know has a good lifestyle and fully supportive family.
This is my theory at least 😂🤷♂️
@SrSoftieBro Thanks for the detailed answer.
I may not be realistic but ambitions are not meant to be always realistic🤷🏻♂️ Ambitions are achieved with self belief, networking and consistency is what I believe.
Yes, the family situations you quoted are 100% true and not all money is investable.
I'm just trying to understand what exactly is needed to break the chains of being in a middle class family and get to the point of generational wealth.
Getting to a high paid job is inevitable. I'm working towards it. Will reach there in 2-3 years of time.
Thanks for the grounded answer though😄
Your breakdown of 10L to 1cr, 1cr to 10cr... matches exactly how I think. Thanks for reiterating that to myself again.
100cr chahiye hi kyu ? 10cr kaafi nhi hein ?
- With your current portfolio split, you’ll barely beat inflation. If you continue down this road, you’ll never have 100cr in today’s value.
- To achieve 100cr, one of the following two things needs to happen- high investment inflow (20 odd lakhs per month for 15 years at 10%) or insanely high return on investment. High investment inflow- only possible via a startup route Insanely high RoI- extremely high risk assets (derivatives, Pre-pmf startup investing, sports betting)
An easier way would be to give yourself more time to do this. I have the same target but a longer timeline. What you can focus on in next 10-15 years is building a strong base to reach 100cr target in your lifetime.
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Agreed. I'm currently in the learning phase, that's why I'm defensive in the investments. Will pace things up in a while.
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Makes sense. Noted.
Glad to know you have the same goal as well. Yeah, I'm actually setting a 15 years time frame just to give some room for falling short. Even if we fall short it'll be significantly higher than someone who targets 50 cr.
You won’t fall short with even basic planning. 1.5L a month for 30 years at 15% takes you to 100cr. This is without topping up your SIPs (you’ll have to restrict yourself to mid and small cap for 15%).
Add SIP top up to this and some additional direct investments in large caps you should reach 100cr in 20-25 years.
I’ve seen returns increase as the portfolio grows beyond a certain level (flexibility with risk taking). Ex- I went from 0-30L in 4 years and 30L-1cr in next 3.