How to Become Rich: Easy Formula Revealed for Those Earning Rs 20,000/Month.

How to Become Rich: Learn the simple formula to become rich even on a Rs 20,000/month salary.

Discover the 50-30-20 rule to manage your finances effectively and secure your financial future through smart investments.

How to become Rich: Even those earning Rs 20 thousand per month can become rich, the formula is very easy.

There is a belief in Indian society that you cannot become rich by doing a job.

The meaning of a job is understood to be that you will be able to live a decent life and your livelihood will be managed. But, business is considered the path to wealth.

This is the reason why many people leave good jobs and start their businesses. Of course, some of them succeed, and their businesses flourish.

But, many people spend all their savings in the pursuit of business and get trapped in debt. This does not mean that doing business is bad.

But, if you want to start a business just to become rich, then there is no need to leave your job for this. If you earn Rs 20 thousand more every month, you can become rich even by doing a job.

Becoming rich here means becoming at least a millionaire. But, for this, do not adopt betting like online gaming.

You have to earn through your hard work. Let us know the formula to become rich through a job.

How To Become Rich: What are the benefits of the job?

Do you know what is the wealth of Elon Musk, Mark Zuckerberg, or our Mukesh Ambani and Gautam Adani? Shares of his company. This, in theory, makes them rich.

But, they cannot sell the shares of their company, because it will make the market feel that there is something wrong with their company, hence they are selling their shares.

In this situation, the price of shares of his company will fall to the ground and his wealth will also be destroyed. This means that in theory, they cannot spend a large portion of their wealth.

At the same time, if we talk about Apple CEO Tim Cook or Google CEO Sundar Pichai, then they can spend their salaries worth crores as per their wish.

How to become rich from a job?

If you want to become rich from your job, then your salary should be at least Rs 20 thousand per month. Then you have to do, the 50-30-20 rule of money.

Meaning that you have to spend 50 percent of your salary on your basic needs. Such as rent, EMI, bills, and food items.

You can fulfill your hobbies in 30 percent. For example, watching a movie or buying clothes.

Now 20 percent of your salary is saved. This will make you rich. Let us assume that you are a young man of 20-22 years and your salary is only Rs 20 thousand.

20 percent of this will be Rs 4 thousand and Rs 48 thousand in a year.

You should invest this amount for a long time, in which there is a scope of getting good returns. It can be a stock market, mutual fund, savings fund, FD, or anything. Provided you know the area.

You can also increase investment as your salary increases. Also, invest the amount left over from necessary expenses.

Your original investment and the compound interest earned on it will make you rich in the future.

If the salary is less than 20 thousand.

If your salary is less than Rs 20 thousand, then it will be very difficult for you to save in today’s times.

Many times it will happen that your essential expenses will barely be covered. In this situation, you will have to increase your income.

Today there are ways to earn money with the help of the internet and social media. You just need to have one good skill. You can improve any of your skills only with the help of the Internet.

Then this skill will give you extra monthly income and with the help of this you can save. But, you should not adopt any shortcut, because it will only increase your problems.