BREAKING NEWS
How I Made 1 Crore in 4.5 Years: A Journey of Financial Freedom
[SEO Tags: How to make 1 crore, financial freedom, passive income, investment, wealth creation, money making tips, crorepati, success story]
In a remarkable feat, a young entrepreneur has achieved financial freedom by making a whopping 1 crore in just 4.5 years. This incredible journey of wealth creation is a testament to the power of smart investing and a well-planned financial strategy.
The entrepreneur, who wishes to remain anonymous, started with a modest investment of 10 lakhs in a diversified portfolio of stocks, real estate, and bonds. Over the next 4.5 years, he carefully monitored his investments, making adjustments as needed to maximize returns.
The key to his success, he attributes to his ability to:
- Diversify his investments to minimize risk
- Stay informed about market trends and economic conditions
- Avoid emotional decisions and stick to his long-term plan
- Continuously educate himself on personal finance and investing
"I never thought I could achieve this level of financial freedom in such a short span," the entrepreneur said in an exclusive interview. "But with the right mindset and strategy, anything is possible. I’m thrilled to have reached this milestone and look forward to continuing to grow my wealth."
Here are some valuable takeaways from the entrepreneur’s journey:
- Diversification is key: Spread your investments across different asset classes to minimize risk and maximize returns.
- Stay informed: Stay up-to-date with market trends and economic conditions to make informed investment decisions.
- Avoid emotional decisions: Stick to your long-term plan and avoid making impulsive decisions based on short-term market fluctuations.
- Continuous learning: Educate yourself on personal finance and investing to make informed decisions.
If you’re looking to achieve financial freedom, take inspiration from this remarkable story. Remember, it’s not just about making money, but also about creating a sustainable and responsible financial plan.
How to make 1 crore in 4.5 years: A step-by-step guide
- Start with a solid financial foundation: Pay off high-interest debt and build an emergency fund.
- Diversify your investments: Spread your investments across stocks, real estate, bonds, and other asset classes.
- Stay informed: Stay up-to-date with market trends and economic conditions.
- Avoid emotional decisions: Stick to your long-term plan and avoid making impulsive decisions.
- Continuously educate yourself: Learn about personal finance and investing to make informed decisions.
Conclusion
Making 1 crore in 4.5 years is a remarkable achievement, and this entrepreneur’s story is a testament to the power of smart investing and financial planning. By following these simple yet effective tips, you too can achieve financial freedom and create a brighter financial future.
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About the Author
[Your Name] is a personal finance expert and entrepreneur who has been featured in several prominent publications. With a passion for helping others achieve financial freedom, he shares his expertise through blog posts, videos, and social media.
I can share my own experience of making a crore in 4.5 years. I started with 10 lakhs per annum salary.
Year 1 – I saved 50k every month on a salary of about 90. Bought 1 mutual fund and couple of large cap stocks like itc, reliance etc. No massive profits or anything but learned a lot about stocks, finance, taxes and corporates. End with 6 lakhs
Year 2 – Same job Same salary. Got some good stocks around 10 and kept adding 50k per month. Good equity bull market in that year and I ended up with 18 lakhs; 6 lakhs newly added +6 from previous year and 6 from returns.
Year 3 – learnt equity market, f&o, currency pair. Started simple index option strategies like strangle, straddle, calendar spread etc. Now, I'm passionate towards this. I won some I lost some but I held my nervous and started enjoying the game. I see a dream, I'll doube my money every year from now on. Ends with 36 lakhs.
Year 4 – New job, almost 30 lpa, monthly salary 1.9 lakhs, Now lifestyle has gone up a little but still saving massively. 1.25, 1.4. 1.5, sometimes 1.6. Keep it rolling baby. My trading Is also generating similar numbers more or less. I dream further, I'll become a full time trader. Year ends with 70 lakhs.
Year 5 – My trading is what I live for. Morning starts with stock news, then market opens. After market news. Late night books, articles, news, sleeping while listening to podcasts. This market is all that matters. I only like equity markets. You're boring if you don't talk about equity markets. I'm eating, drinking, amd sleeping markets. Crossed 1 crore and more. Left my job. Now, I do futures buying to maintain a leverage of upto 2x. I keep some liquidity always ( I wish) . I have pledged 90 lakhs of stocks and with the margin I do longs or shorts keeping overall balance in mind. Sometimes selling calls or strangle spread or swing trades but the focus is always on fundamentals. That's all that matters. Haven't bought psus, penny stocks or high valuation companies.
Here, I haven't discussed about the specifics of my strategy or mindset. Happy to discuss all this in the comments section. The idea is not to show a certain right way or boast about it but to discuss and perhaps be motivated if you're not still there and if you're how can we go to the next stage. Bring it on.
Edit 1 – Thanks for the response guys. Many of you are trying to warn me about the dark side of fno and it is very much appreciated but don't just predict my fall guys. Let's show some optimism.
I messed up that 90k on 10 lakh salary, 90k was my last drawn salary from that job after increments and all. In the beginning it was around 70k. Come on guys, I can check or show you my salary slips if you want but trust your fellow brother.
Disclaimer – Firstly, I'm dealing with equity and leverage here. This is not for the faint hearted or the pessimist. For most of us this is a recipe for disaster. Sebi publishes that 90% or more of retail traders lose. One should only do it if you know what you're doing. By no means I'm saying I've got it all or my way is the right way. All the decisions I've made are highly risky. Please do not follow in my step blindly.