12-15-20 Formula: Becoming a millionaire is not luck or rocket science, you just need to know how to invest properly. If you also want to become a millionaire by the age of 40, then the 12-15-20 formula can be very helpful for you.
12-15-20 Formula: Everyone wants to collect a good amount of funds in a short time. Behind this are worries about the future, in which the biggest concern is the future of children and your retirement. If you also think the same, then we have brought some investment tips for you, in which you can start investing from the age of 25 by using the 12-15-20 formula and collect a fund of crores of rupees by the age of 40.
12-15-20 formula
Becoming a millionaire is not luck or rocket science, you just need to know how to invest properly. If you also want to become a millionaire by the age of 40, then the 12-15-20 formula can be very helpful for you. In this formula, 12 means 12 percent return, 15 means investment for 15 years and 20 means investment of 20 thousand rupees every month. With the help of this formula, you can start investing from the age of 25 and accumulate a fund of crores of rupees by the age of 40.
Where and how to start investing?
Now the question arises that where and how to start investing to become a millionaire, where you get a return of 12 percent and your invested amount becomes 1 crore in 15 years. For this, you have to invest in mutual funds through SIP. Before investing in mutual funds, you can also check the record of old returns of the funds.
This is how you will become a millionaire
If you invest 20 thousand rupees every month in SIP, then the total investment made by you in 15 years will be 36 lakh rupees. According to the SIP calculator, if you get a return at the rate of 12 percent, then you will get a total interest of 64 lakh 91 thousand rupees. In this way, you will get a total return of 1 crore 91 thousand rupees in 15 years.
How to withdraw 20 thousand rupees for investment
If your salary is between 60 to 70 thousand rupees, then you can easily invest 20 thousand rupees every month. Anyway, personal finance experts believe that 30 percent of your income should be invested.
Most Read Articles:
- Senior Citizen Highest FD Rate: These banks are offering up to 9.1% interest rate on senior citizen FD, Check banks names
- MHA Recruitment 2025: Opportunity to get a job in Home Ministry without written exam, salary will be 20200
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
