Financial Empowerment in India: The Secret to Becoming a Crorepati
Every Indian dreams of financial freedom — the ability to achieve their goals, whether it’s owning a home, taking a dream vacation, or retiring comfortably. These aspirations are not just dreams; they are our rightful expectations after years of hard work. Here we are going to unlock Financial Freedom for all Indians and the Secret to becoming a Crorepati.
From childhood, we learn the value of diligence and hard word, whether through education or by working for a living. We all work hard, sometimes tirelessly, driven by the hope of becoming financially independent, of being free to live life on our terms. Yet, the reality is stark: despite of all the hard work, many of us struggle to achieve these dreams.
Let’s face the facts:
- According to Knight Frank’s 2023 Wealth Report, if you have a net worth of ₹1.44 crore, you’re among the top 1% of wealthiest individuals in India. This means 99% of our population has less than that.
- India has the highest number of poor people in the world — around 30 crores.
- While we are the fastest-growing large economy, with GDP projected to surpass Japan’s by 2025, poverty and financial hardship still define the lives of a majority of our people.
This disparity raises a pressing question: Inspite of fast growing Indian Economy why so many Indians are not benefiting from growth in Indian Economy and why 99% of Indians are still poor or lower middle class?
With a vision for Financial Empowerment in India, I am going to reveal here the biggest Secret to Becoming a Crorepati
A Vision for Change
We don’t want an India where only 1% of the population enjoys wealth. We envision an India with a crorepati in every home. But this vision will not come from government handouts or overnight miracles.
The government has laid the foundation — India’s economy is booming. Now, it’s our turn to act. No one will make you rich; it’s your responsibility to take charge of your financial destiny.
How to Build Wealth: Four Paths to Riches
- Hard Work
Yes, hard work is essential. If you are not born Rich, you have no choice but to work hard to earn. But let’s be honest — hard work alone isn’t enough to get Rich. Millions work tirelessly every day, yet 99% remain in the middle or lower-income classes. - Education
Education is an enabler; it opens the doors. With Education one can earn more by using your skills. However, education alone cannot guarantee wealth. India’s literacy rate is 74%, but only a small percentage achieve financial freedom. - Luck or Winning a Game Show
People have tried everything – Lotteries, Satta bazaar, Gambling, Cryptos and all sorts of games based on luck. Still 99% are either poor or lower middle class. It is clear such techniques will not make you rich. People want shortcuts like Cryptos, can you believe India has 11 crore Crypto accounts? Unfortunately large number of Indians resort to shortcuts and loose their money. Shortcuts will not make you rich, my friends my humble request is to stay away from shortcuts and games of luck. - Investing
This is the secret weapon of the wealthy. The rich don’t just work for money; they make their money work for them. Whether through property, stocks, or mutual funds, investing is how you grow your wealth. Investing is a powerful tool for Financial Empowerment. Investing is the key which will unlock the doors for your financial freedom.
The Missing Ingredient: Financial Knowledge
The key difference between those who stay poor and those who grow rich is financial knowledge — specifically, understanding the magic of compounding.
The Power of Compounding – The Secret to Becoming a Crorepati
Compounding is the most powerful financial tool known to humanity. Albert Einstein called it the eighth wonder of the world.
Two factors drive compounding:
- Duration – The longer your money is invested, the greater the growth.
- Rate of Return – Higher returns exponentially amplify your wealth.
Take Warren Buffett as an example. He started investing at age 11. Over 80 years, his wealth has compounded into billions. It took him 50 years to reach his first billion, but today, his net worth is over $120 billion.
A Simple Example
Invest ₹2,000 monthly for 30 years at:
- 7% (bank deposit): ₹7.2 lakhs grows to ₹25 lakhs.
- 16% (equity markets): ₹7.2 lakhs grows to ₹1.7 crore.
The difference is staggering. This is the magic of compounding. This simple example clearly shows that the dream of a Crorepati in every Indian home is realistic and achievable, however, what is needed is that we start investing today under guidance of an appropriate financial advisor.
Why Don’t More Indians Invest?
Despite the incredible potential of mutual funds and stock
markets, only 7% of India’s 75 crore PAN holders invest in mutual funds. In contrast, 52% of Americans invest in mutual funds. Americans are getting rich simply due to the fact that large number of Americans invest in Mutual Funds.
Based on my experience, there are few reasons why so less number of Indians are investing in Mutual Funds. Lets discuss these below:
- Lack of Awareness
- Fear of Risk of loosing money
- Lack of Investment Knowledge
- There is no money to Invest
Let me debunk some myths:
- The risk of loss diminishes with time. Over 7-10 years, Sensex returns are consistently positive.
- Mutual funds are professionally managed, so you don’t need to be a financial expert to invest.
The Mindset Shift: Save First, Spend Later
Most of us spend first and save what’s left. This is the wrong approach. Instead, save first, then spend.
A Call to Action
India’s future is bright. Goldman Sachs predicts we’ll be the world’s second-largest economy by 2075. But this won’t happen by chance. We need to work smarter, educate ourselves and others about financial literacy, and start investing today.
Imagine an India where every household has a Crorepati by 2047, the year when India completes 100 years of independence. It’s possible if we all act now. Together, we can create a nation of financially empowered citizens.
Thank you, and let’s build a prosperous future together
How Mutual Fund SIPs can be your true friend?
Diversifying your portfolio with mutual funds and SIPs can help address many financial challenges for working professionals, video below gives an explanation for the same in layman terms.
SAVE SMALL GROW BIG
Understand the potential of Small Savings to create enormous Wealth over long term with right investment strategy. Sensex has grown CAGR 16% over last 44 years, such growth has potential to make people very rich if they invest with proper risk management and right investment strategy.
DISCLAIMER: Mutual Fund investments are subject to market risks, read all scheme related documents carefully before investing. Past returns do not guarantee future performance, always do your research and consult a registered financial advisor before investing.