How ₹80,000/Month Can Beat ₹2 Lakh/Month

-

How ₹80,000/Month Can Beat ₹2 Lakh/Month: A Simple Story of Growing Wealth

1. Big Income Doesn’t Always Mean Big Savings

  • Just because someone earns more money doesn’t mean they become rich.
  • What matters is how you use your money, not just how much you earn.
  • Example: A man earning ₹80,000/month can save and invest wisely. Another person earning ₹2 lakh/month may spend everything and save nothing.

2. Story 1: The ₹80,000/Month Man Who Grows Rich

  • He has no loans (no credit card debt, no EMI).
  • He keeps money saved for emergencies – enough for 6 months of his expenses.
  • He puts ₹15,000 every month into investments (SIPs – explained below).
  • Every few years, he adds extra money (₹90,000 in year 3, 5, and 7).
  • After 12 years, his total savings grow to about ₹70 lakh – even though his salary was not very high.

3. Story 2: The ₹2 Lakh/Month Man Who Stays Poor

  • He spends on a big house, car, holidays, and shopping.
  • He doesn’t save or invest.
  • Even after 12 years, he has nothing saved.
  • All the money is spent, and he is still living month-to-month.

4. Why the ₹80,000/Month Man Succeeds

  • He puts his money in good places where it can grow slowly over time.
  • This slow growth is called compounding – like planting a tree that keeps growing.
  • He doesn’t take loans or fall into money traps.
  • He has clear goals – like saving for a house, retirement, or children’s education.

5. What Does He Do With His Money?

  • Every month, he invests ₹15,000 like this:
    • ₹10,000 in safe mutual funds (these are like group investments run by experts).
    • ₹5,000 in strong company shares (like buying a small part of a good business).
  • Every few years, he adds a big amount (₹90,000) to grow it faster.
  • These small steps turn into a big amount over time – around ₹70 lakh.

6. What You Should Learn

  • Don’t just focus on earning more – focus on saving and growing what you have.
  • You don’t need big money to start investing.
  • Start with what you can. Be regular and patient.
  • Don’t waste extra income – use bonuses or gifts to grow your savings.
  • Stay away from unnecessary loans or credit card bills.

7. Easy Habits That Help Build Wealth

  • Keep some money aside every month – like a fixed rule.
  • Put this money in good, low-risk places (not get-rich-quick schemes).
  • Don’t show off – keep your lifestyle simple even if income grows.
  • Have a reason for saving – like a goal (house, education, etc.).

Final Message

Even a small income like ₹80,000/month can help you become rich if you save and invest wisely.
Big income without a plan can leave you with nothing.
Remember: It’s not about how much you earn, but how much you keep and grow.

Based on Advice by CA Abhishek walia reg personal financial goals - India Today https://share.google/ClRh11wyjpEhE7Ox6

About:  CA Abhishek Walia is a Chartered Accountant and financial advisor based in Delhi. He is also the founder of Zactor Tech.

He is known for his insights on financial planning, emphasizing that managing money is about aligning finances with personal goals,


Popular posts from this blog

Goal-Based Investing for Financial Success

-
Image
From our school days, we have been taught that goal setting is fundamental to our long-term success. . What Is Goal-Based Investing? Goal-based investing involves identifying your financial goals, setting a timeline for each, and regularly investing to achieve them. This structured approach ensures you have a clear plan for reaching your financial aspirations. Benefits of Goal-Based Investing 1. Accurate Financial Planning By listing your goals, you can determine the exact amount needed and adjust for inflation. For instance, planning for a child's education ten years from now involves calculating the future cost based on current prices and expected inflation. 2. Choosing the Right Investment Products Understanding your financial goals and time horizon helps in selecting appropriate investment products. For short-term goals, debt funds or fixed deposits may be suitable. Medium-term goals could benefit from a mix of equity and debt, while long-term goals can focus on equity funds fo...
Read more

Gold price forecast for the next five years (2025–2029)

-
Gold price forecast for the next five years (2025–2029), We have based estimations on insights typically derived from reputable financial org sources such as Goldman Sachs, JP Morgan, Morgan Stanley, UBS, World Gold Council, IMF reports, and leading news websites (e.g., Bloomberg, Reuters, Financial Times). Then we have converted these USD forecasts into INR per 10 grams using an exchange rate of 83 INR/USD (an approximation based on recent trends). Methodology and Sources’ Typical Approach Banks (e.g., Goldman Sachs, JP Morgan): Often forecast gold prices based on US Federal Reserve policies, interest rates, and dollar strength. They’ve historically been bullish when real yields are negative or geopolitical risks rise. Brokerage Firms (e.g., UBS, Morgan Stanley): Focus on technical analysis, investor sentiment, and central bank gold purchases (e.g., China, India, Russia). International Funds (e.g., World Gold Council): Emphasize long-term demand (jewelry, investment, industrial) and s...
Read more