How can a person earn ₹1 crore with monthly income of ₹1 lakh?
A person earning ₹1 lakh/month can save ₹1 crore by choosing appropriate investment plans, say an equity mutual fund at ₹44,000/month with 12% average annual returns. Keeping essential living expenses at 40-50% of salary, allocating 10% for emergencies while investing the rest is also a good way of ensuring quick savings. Increasing investment amounts with salary hikes is also important.