How I Made My FIRST CRORE Before the Age of 30
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- Опубліковано 2 лип 2024
- In this video, I'll share my journey of making my first crore before turning 30 and growing my net worth to 3 crores through equity investments.
Many of you have asked about my story, my age, and how I achieved this milestone. I'll also provide a detailed blueprint to help you make your first crore. Remember, this is not personal finance advice; I'm simply sharing my experience.
I’m a passive investor who focuses on index funds, and my current portfolio value is around 3 crores.
I hit my first crore in September 2020, before I turned 30, while traveling to 25 countries. My journey emphasizes the importance of making more money rather than just saving.
My story begins in 2010 when I started my first blog and discovered Google Adsense. By 2012, I was freelancing while finishing my engineering degree.
In 2014, I moved to Bangalore to start my agency, securing my first client and hiring my first employee within the first month.
From 2014 to 2016, I diligently tracked my net worth, which included significant equity investments.
In 2019, I shifted my agency to a remote model, which proved beneficial during the 2020 pandemic.
After getting married in 2020, I switched to passive investing, focusing on index funds to gain freedom of time and money. This shift allowed me to concentrate on growing my agency and enjoying life’s essential moments.
Here’s my blueprint for making your first crore:
- Identify or Build Your Core Skill: Focus on creating value through a service or product.
- Target Market: Find clients who need your skill to solve their problems.
- Narrow Outreach: Directly reach out to potential clients.
- First Case Study: Deliver exceptional value and document the success.
- Broader Outreach: Use email and LinkedIn for outreach.
- Profitability: Break down annual revenue goals and adjust client retainers as needed.
- Investing: Reinvest profits into equity, primarily through index investing.
Achieving financial freedom involves three kinds of freedom: location, money, and time. I achieved freedom of location by 2017-18, partial freedom of money, and I’m working towards full freedom of time.
I use a 5-5-5 rule to balance my day: 5 hours for work, 5 hours for family, and 5 hours for health.
With the freedom I’ve gained, I focus on travel, health, and spending quality time with my family. Now, I aim to help others on their financial journey.
In the next video, I’ll share my plan to make 1 crore in revenue from my agency in six months.
Lastly, congratulations to the winners of my recent contest who correctly guessed the mid-cap mutual funds I invest in.
Winners will receive a free investing ebook and an invite to my private WhatsApp community.
Thank you for watching! Stay tuned for more valuable content.
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Timestamps:
0:00 Introduction
01:51 My First Crore
03:42 My Background
4:54 How it Happened
8:31 My Main Goal
12:53 The One Crore Blueprint
17:54 Join the Masterclasses
19:00 Break Down your Goal
21:08 Winners from Previous Video
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Links:
💼 Let's connect on LinkedIn: / rishabhdev
📸 Catch me on Instagram: / remoterish
🌟 Follow my Twitter journey: x.com/reachrishabh
🚀 Check out my 🆓 Freelancing Course: bit.ly/free-freelancing-course
📩 Sign up for my Newsletter: bit.ly/rishabh-dev-newsletter
✅ Get access to our Masterclasses: www.growthgrad.in/
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I've got to admit that there's no Indian youtuber who's doing similar content (at least from the ones I follow)
Great insights into the blueprint you followed for your 1st crore. I would also love to see some insights into your life which you're comfortable sharing, like productivity tools or apps you use or love (I really liked Miro here), mastering time or some yoga/gym sessions or treks, because you present so many dimensions of investing, business and life together, which aren't topics many others present but are super important.
Your content reminds me of Ali Abdaal's but I think you could be even better than him 😝
Have emailed you though. Great video ❤
Really appreciate the comment and yes I’m happy to share other aspects too. That’s the goal for this channel is to document for my own review of things I do. If others find value it just makes me very happy and satisfied as more people than just me can gain from my own learning mistakes and experience.
Highly inspirational video ❤❤❤
Superb video now I am going through previous videos today only I came to know this channel in my feed
Thanks and welcome
Very informative video 👍
Love your content... it's good to see such a matured and sorted approach in life... learning from you... cheers...
Thank you, I feel clarity is really important in life. Other things follow
Great video. You gained my respect ❤ And a subscriber too 😇
Good to hear that!
nice content :)
Loving these style of videos Rishabh. All that this generation needs to know is
- how to make money
- how to grow that into wealth, and
- how to live a happy life eventually.
You're pretty much covering every bit of it. Always looking forward to your videos.
Keep them coming! 🙌🏻💯
Well summarized. That’s the goal of this channel :)
Tu to dev manus nikla re :P
Kidding. Nice video mate.
I am at 47% to reach 1cr. Age 27. It's hard. But yes, love the framework you shared, been following this last 4 years or so.
Just had a question: I have good amount invested in FDs just to safeguard my wealth. Should I withdraw some and invest more in Equity and do more risk taking.?
Personally I started also investing in Nvidia last Dec, and have got phenomenal returns. Thought of investing more in Nvidia.
Not sure if I should withdraw some from FDs to put in and get more exposure in Equity.
It really depends on your preference as it’s based on one’s own risk appetite and goals
@@remoterish Understood.
make a video on how to systematically book littlle bit profit in case of emergency once your portfolio started giving you decent returns like in my case i have a lot of stocks how to extract profit
😮good to see your portfolio
As you mentioned you invest your profit s..how do you manange your household/family expenses ?
I get a salary and some consulting client payments outside of my services business too
hello sir I like your content. can you please advise what should be a minimum initial amount to hit 1ce in -10 years via diversified equity investment.
I've created an excel calculator. I'll share it in one of the upcoming videos so anyone can run their own calculations
Agency mtlb bhaiya jaise ki kisi ki logo ki agency h graphic design basically to kya mtlb hum employee hier krenge ya fir as a freelancing work provide krenge aur usme se margin earn krenge
Exactly
Hi sir can you please make a video on how to not sell long term holding to save ltcg tax
but still manege expenses by taking loan,
As you had mentioned in your video earlier about saving ltcg tax
Thanks..
Yes this video is in the pipeline.
Rishabh Sir,
Sorry to bother you with a bit off topic, actually I've ICICI Securities Ltd share with 719 avg, my mistake was i didn't know about the delisting n all, now i am learning they are gonna give 67/100 ICICI bank share instead. But i have only 90 shares, so how will it get calculated and also should i hold it till delisting happens n get my fair amout of share or should i just exit!!
I will be very grateful to you if i get this idea before tomorrow's market open Sir. Many Many Thanks in advance 🙏🏻❤
Edited: I can hold it for 10 years or more!
I don’t think I am the best person to answer this. I hope someone else can reply and help you out
Most ECE engineers do anything but Electronics. Same is my story 😄
I couldn’t agree more!
Hey Nice work !
Just wanted to ask you have a nice plan and all
Then why start UA-cam?
Fame
Money
Distribution
Connection
Or any other reason/trend you want to be part of!
To help people like me.
I am hugely benefited from Rishabh Dev's videos.
See the full video, specifically at 14:50, and he just loves doing this already spreading motivation and knowledge of how to be master of time
How did you create the graph at 2:50? Is it generated by your investment app? Or outside manually
I learnt a lot from youtube on my own journey. I think it’s a great platform to be of help to others. But for me it’s more to share my journey but I don’t try to prescribe a specific path to someone else because there’s always more than one way to the top of the same mountain
Respect!
Also Awesome content!!
If u wanti know how this person made his first crorer by investing... Like what was his SIP etc.. This video is not about that.... This video on hiw u can make crore and u cab enroll his coure if u want
I didn't make the first crore by investing. I showed how I made my first crore. I can't change how I made it now!
If you're looking for an investing video, here's my portfolio and SIPs I've shared in multiple videos:
ua-cam.com/video/O75CuoKiNw8/v-deo.html
Can you make a video on financial independence and how much money one would need to become money and time free.
25 * your yearly expances 😊
I can make on on my own calculations but I don’t like to prescribe a number to others as it’s very personal
How can I made 1 crore bhaiya plz make your videos in hindi
For now I’m making in English but later I might consider Hindi videos again
What your agency does?
Digital marketing
@@remoterish please make video on how to start and run successful digital marketing agency!
What’s your age now?
Oh I thought it was a straight forward calculation based on what I showed in the video :) give it a shot!
He would be 34 this year