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How To Become Rich In India?

Mr. C.S. Sudheer | Updated On Tuesday, August 07,2018, 02:34 PM

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How To Become Rich In India?

 

 

A very interesting report was published by a global wealth intelligence and market research company, based in South Africa. “India is the seventh wealthiest country in the world.” The total individual wealth of the citizens of our country…. A whopping $5,600 Billion. Shocking….and you thought our citizens were poor. Time to go through another report, by a famous multinational financial services firm. “India’s Top 1% Owns More Than 50% of Her Wealth.”

Yes….Several of our citizens, don’t have much money and somehow want to grow rich. Many of our citizens want to grow rich….fast….Unfortunately, there are few legal ways, you can grow rich soon. Growing rich in India, is all about working hard and investing wisely. Learn how to invest wisely, with India’s Largest Financial Education Company, which educates over 14,000 people every day. To avail free financial advice/education from IndianMoney.com, all you need to do is, just leave a missed call on IndianMoney.com financial education helpline 02261816111 or just post a request on IndianMoney.com website.

Buying land in India helps you grow rich

Landlords Grow Rich In Their Sleep. ”

Our citizens simply love real estate. One of the most popular investments for Indian households, is real estate. Many of our rich citizens, buy plots of land, on the outskirts of major cities. A large number of our citizens, who reside in rural areas, migrate to cities in search of jobs. Cities soon expand to accommodate the rising population and what was once the outskirts of the city, is now within the city limits (city proper). The rich citizens of our country, then sell this land (which was once on the outskirts and bought at a cheap price) and make a lot of money. Land usually appreciates in India, especially in rising and major cities. Rich citizens buy second homes and hold them as investments.

What about our middle class citizens? Many of our middle class citizens, believe that buying plots of land is something, best left to the rich. Wrong….If you buy a plot of land from an approved and reputed developer, banks will finance you. You would be financed around 60-70% of the cost of the plot of land. You just have the make the down payment.

Remember: Making money from land is all about location. Many developers say…this or that project, is coming up. Your plot of land is a golden egg, which will fetch you a lot of money, in a few years. You need to actually visit the plot of land and make enquiries, to see if this is true. Check the documentation of the plot of land and make arrangements to prevent squatters and encroachers, grabbing your land.

See Also: Why Invest In Government Securities In India?

The Indian stock markets can make you rich

The Indian stock markets are red hot. Foreign investors are rushing to buy good stocks, listed on the BSE and the NSE. The stocks of reputed Companies, are selling like hot cakes. The rich investors in our country, love to invest in equity. They invest in reputed equity mutual funds and stocks, after doing their research. They stay invested in equity, for several years. Why is this a good thing?

  • If you stay invested in equity for 3 years or more, you would most likely get good returns on your investment. Equity investments are for the long term.
  • If you stay invested in equity for a year or more, the returns you get on selling equity, called long term capital gains, are tax free.

 

Unfortunately less than 2% of our citizens, invest in equity.

Yes…the rich citizens, know the benefits of investing in equity and are grabbing their opportunities. Unfortunately, our vast middle class, is shying away from equity. They fear equity and are worried that they will lose money. Investing in equity gives higher return, but at a high risk. Investing in equity is very volatile over the short term. However if you stay invested in equity for the long term, (three years or more), an investment in equity is just as safe as any other investment. Chances of getting good returns, are pretty high. The working middle class youth of our country, should consider an investment in equity. The youth of our country, love to take risks. With good research to pick up the right equity mutual funds/stocks and staying invested for the long term, middle class youth in our country, can soon be on the path to riches.

See Also: Money Market Funds

Start your own blog and grow rich

What…start my own blog? This must be really difficult. (For those who don’t know….a blog is a website). Not really…You do not require to possess website designing knowledge, to start a blog. Starting a blog is just as easy as opening an email account.

There’s more good news….It doesn’t take much money to start a blog. Getting a domain name, can cost you a couple of hundreds. (Your website’s name could be abc.com or any name you wish to give). You would have to pay a few hundred rupees a year, to host your website. Now write some great articles and post them on your blog.

  • Write content which gets a lot of traffic (attracts viewers to your website).
  • You then convert visitors into email subscribers, who subscribe to your content.
  • You then send subscribers content, which builds trust.
  • You then sell products and services, your customer wants. Now to the big question….What if you don’t have any products and services to sell….

Simple…you sell someone else’s products. You allow Companies to promote their products and services to your audience (viewers on your website), for a fee. You can also have a partnership with Companies, to promote their products and services. You earn a commission, when your viewers purchase the products and services of that Company.

So don’t lose heart. Money earns money. Follow these simple tricks and grow rich in India.

 

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Article Author

Mr. C.S. Sudheer

Mr C.S.Sudheer is a management graduate. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.

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