Investment Tips: Investing 100 rupees daily will make you a millionaire instantly! Just keep these things in mind..

In today's fast-paced life, everyone wants to become rich so that life can be spent comfortably. But often people take shortcuts in order to become rich quickly, and the result is that their hard-earned money is also lost. If you really want to become financially self-reliant, then you have to invest with patience and continuity. The good thing is that you do not need a large amount for this. You can start with just Rs 100 per day.

Mutual fund expert Abhishek Singh said that if a person does a SIP (Systematic Investment Plan) of just Rs 100 per day and this money is invested in 24 working days of every month (because the stock market is closed on Saturdays and Sundays), then it is a monthly investment of Rs 2,400. If this investment is made continuously for 28 years with a 15% annual return, then this amount can become Rs 1 crore 1 lakh. That is, even small savings can turn into big wealth in the long run.

How to invest in SIP

Abhishek Singh said that the process of investing in mutual funds can be completed by contacting any good financial advisor. For this, you have to fill out a SIP form, give a cheque, bank details, and KYC documents. After this, ₹ 100 will be automatically deducted from your account every day, and you will keep investing without any extra effort.

Trust more in investment than spending

At the same time, Abhishek Singh has especially advised the youth to develop this habit, because the youth often think of spending money as soon as it comes to them, whereas the right way is to invest first and then spend the remaining money. If you already have investments, then in any emergency situation you will not need to borrow. In this way, if you start a SIP of ₹ 100 daily from a young age, then you can not only become a millionaire, but can also lay the foundation of a safe and self-reliant future. This is the real way to become rich wisely.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.