Discover more
Curated from across
AlphaGrindset
It is hard for sure - it just takes a lot of effort and time. I just hit my first. I am hoping the next 1-2 will hopefully come faster, as they should. But I'm also concerned because I made this amount because of a good bull wave that came about in Tech. Not sure if that'll continue going forward.
Anyway, did it by:
- Joining startups earlier than others, doing well in them
- Shifting across multiple companies after 2 years each, always helps with making more over some time (if the market is good - only then)
- Didn't save crazy or anything. Was just lucky to be in jobs that paid well.
r10a
Edgeverve7mo
First crore is the hardest because inculcating discipline is hard.
If you’re talking about salary-only money, you’d probably have to work on increasing your salary more than thinking where to invest (ymmv). And you’d take 6-8 years (at least) to hit ₹1cr in net worth . In these 6-8 years, you’d have to be consistent professionally and up skill immensely, making being an expert a habit.
Once you do this, accumulate enough capital, you can get into high risk investments which also yield high returns (when they do). When you start off with a small amount, if you take high risks, you lose a large percent of your capital.
Ex: If you have ₹10L and you put ₹9L into a risky business, you’ve deployed 90% of your capital and might have to kiss it good bye. If it works, your ₹9L might becomes ₹18L and come back. If it doesn’t, bye-bye 90% of your net worth.
Same thing at ₹1cr won’t affect you that much.
But, I think it’s hard even after the first crore 😂 It’s just a “Study hard till 12th, then life is set” situation.
Hard
Optum7mo
Tldr just enjoy then everything is hard.
Great points thansk
Oldgod
Stealth7mo
