How I would make my first 1 CRORE, if I had to start again?
Вставка
- Опубліковано 2 лип 2024
- In this video, I share my journey to growing my investment portfolio to 3 Crore rupees.
I recently made a video about how your net worth explodes after your first Crore, and a lot of people asked how to get started.
I struggled at first, but I figured out a key principle: there are 3 things you need to consider - make more money, keep more money, and grow more money.
So, if I had to start fresh, here's what I'd do:
1. Build a business! Specifically, a service-based business. It's a great way to start because there's high profit margins, it's a good lifestyle business, and you don't need a lot of money upfront.
2. Keep your lifestyle in check. I moved to a small, low cost of living town to avoid unnecessary spending.
3. Invest your money to grow it. I use index funds, and even showed you my portfolio holdings!
The video also dives into how to find the right service to provide and the variables that will affect your journey, like family and energy levels.
I hope this story helps you get started on your path to financial success!
Remember, the most important thing is to focus on the fundamentals and take action.
Leave a comment and let me know what questions you have!
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Show Notes:
0:00 Introduction
1:56 How to make your first crore?
7:40 Three Things you need
9:40 Start a Business
12:17 Variables on your Journey
16:20 Start Freelancing
18:54 Make the money work for you
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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
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Started my investing journey from 2022 .Saved and invested 1 L in Mutual funds ...still 99 more to go 😊...... a very long way ahead & i will be the 1st person in my generation to become a crorepathi
You've a great start and I wish you all the best for your journey. Loved your comment.
You will be a crorepati soon !
Yes same here started 2 years back it took me 2 years to make 2Lakhs portfolio 98more to come 🫴🏻
@@jpyogi9506..it really feels so good to hear that u know 😊...but still even if not soon , I will be working towards that until I reach there and will continue to invest wisely .
Build more income sources to amplify the process.
Nice videos, bro. Keep posting and help new investors achieve their financial happiness.
Simple, straightforward, and clear! Love it! Looking for more...
I'll do my best to upload one new video every Friday. There's a lot of experiences from my journey I'd like to share.
Very informative. Straightforward. Crisp and precise.
Could you also do a video on SWP and also taxes associated with it.
bro you should be already famous. love your presentation
It's Been AGES since I saw a "no bullshit" to the point video. Thanks for making this Rish - really appreciate your transparency! I hope you'll continue to make such videos and not take the path that other "influencers" take. I genuinely hope you'll actually be an apt case study for the common middle class person. I would love to know more about your different streams of income and how a middle class person can take baby steps in increasing their income streams rather that depending on just 1 single income.
Hi Aditya, I loved this comment. It shares the exact same emotion as me. I am not a big fan of YouTubing but I can now see the value being created by sharing to the point honest steps without making things sound over complicated. I will make videos on revenue streams soon
@@remoterish Also, what's interesting to me is to understand how you are able to make crores with digital marketing as one of your income streams as I am currently working for a digital marketing firm. Would love to hear your journey on that aspect too!
Yes all my revenue streams are built around the digital marketing skill itself.
Rishabh ...i like you ❤
Most of the people already knows what you say, but it requires discipline and motivation to stay on track.
I agree
Consistently is key
Great respect for being so much transparent
Thanks for appreciating 🙂
Great Information Rishabh !
Thanks a lot, I'm happy it's helping.
Thank you Rishabh for providing, I trust your knowledge completely have applied for the growth grad community, can you please bring in a dedicated full in depth paid course for agency serving international clients, and make it available in INR too , and also other marketing courses too please make it available in INR as well , and then please after I have consumed your course and have some knowledge and start and earn good enough then I would be interested to be mentored by you with a dedicated one on one mentorship too to scale exponentially.
+1
Hi Raunak, You have great clarity on the learning and growing journey. I'm working on making my courses available in India. Hopefully very soon they will we up on growthgrad.in
Regarding, mentorship I do run a closed group coaching program. But don't rush to join that. Apply your learnings and skills for now and we can touch base again on this soon enough!
@@remoterish Yes sure please make the courses available very soon , very excited and eager to learn from that as soon as possible and apply those learnings as soon as possible
Sure thing. For now, enjoy all the free information I have on UA-cam.
You might also like:
Freelancing course (free): rishdev.ck.page/a75fb6cd71
Personal finance newsletter: rishdev.ck.page/41005841c4
Thanks for sharing!!! Do create Video on how to use money 💰
Great idea. I’ll make one on this. My main use of money is to buy back time personally, apart from experiences for my family.
@@remoterish FIRE is definitely the main goal, but also since withdrawing involves taxation how can we use this money without major taxes
great stuff woww
Thanks Puneet! New videos coming every Friday
21:25 Please make video on how to use the money of that invested amount if we are not making withdrawal and invested it for long like taking loan against it or etc. Please also teach to how to save taxes and other things using business
I think that would be a little too advanced for the channel right now, but I'll surely add it to the pipeline of ideas.
Hi Rishab, this is some good and honest content. Would appreciate if you could help out by making a video on people who are already invested in individual stocks (heavily) and want to switch to passive style of investing in ETFs such as nifty or next 50. Thanks
Ok that’s a good idea. I’ll make one on this. Will be posting every Friday so do subscribe
I’ve already subscribed you and funny enough I got your video thru my dad so yeah… you’ve got 2 subscribers 👍
Thank you. Want to understand what is the difference between Next50 and Juniorbees?
It’s the same thing.
@@remoterish thanks for your revert. I’m a little confused.
1. Is NEXT50 Mirae asset nifty next 50 ETF?
And JUNIORBEES is by Nippon?
2. If they are both tracking companies, 51-100, then for today, why is NEXT50 up by 0.62% and JUNIORBEES up by 0.51%, whereas NIFTY NEXT 50 Index is up only by 0.31%
Could you help me understand this?
How old are you if you do mind answering? Loved your content so curious.
Respect ❤
Appreciate it brother
Do you Rebalance your erfs? Or just adding money?
While adding itself I can estimate rebalance to meet my proportions
@@remoterish Clear. Thanks
Why do you put money in ETF's instead of mutual funds ?
Do you mean index funds or mutual funds? There’s a video I made on this please search index funds vs mutual funds vs ETFs on my channel
Hey bro, how old are you btw? I am 23 and just starting with investing my first 10k , how much time do you think it will take me to reach 1cr portfolio (like if I followed the tips you shared)
I’m going to make an age reveal video soon
I am 1/5th in this journey
We’re all on the same journey
Hi Rishabh..do you also review portfolio? Let me know if you are and let's get connected.
You can book a 1:1 consulting call here if you wish to connect directly: growthgrad.mojo.page/consulting-rishabh-dev
Bro...plz say how to not sell investment and not pay tax & how to use our invested money in real life ?
Yes I will make some videos on this soon. Going to be posting regularly every Friday as much as I can. Stay subscribed :)
Thank you so much for replying bro......
as Warren buffet told , "Our Favourite holding period is forever " - i am always confused of this and think he may live life with only dividends but I am investing only in Mutual funds and wont get dividends also .I am not confident in direct stock pickings , so I choose mutual funds, bcoz I don't want to loose the hard earned money .... still I am confused how to use my money maybe after 10,15 Years without selling any of the units.. will keep watching your videos bro....once again thank you so much 💗 😊
Sure bro, I'll be posting every Friday so make sure to sub
do you only do lumpsum investments?
I do SIPs too esp for small dap category I go with actively managed mutual funds ua-cam.com/video/k2z3H5UMzI4/v-deo.htmlsi=NYsX3C0dByBlzsKy
Hey Rishab, really loved your videos the way you explain things........ As i am here for some reason and that is that i have more than 50 lakhs corpus so i am really confused about how to start my investment journey so i really want your help......... So please can you a make video about this......... Again thanks may Allah bless you and your family ❤❤❤
Yes this is quite a requested topic. Will make a video on it soon.
Hi sir is there any specific date to sip ur money
I don’t think it matters much
I started swing trading last month with capital of 1cr and made 29l profit till today . would i have to pay taxes on the profit i made as i am planning not to extract any profit to my bank account and reinvest my profit to buy new shares ? and i will never withdraw any money for at least 5 years so technically i dont have to pay taxes if i did not extract any money for 5 years?
No need to pay tax until you realize the profit.
When you sell shares, you have realised the profit. So the profit you made through swing trading is already realised and will attract tax. Even if you invest full 1.29Cr in long term investments, still you will have to pay STCG tax on the 29L gains.
STCG of 15% applies to you. Welcome to the club mate where we part with a hand or leg every year 😀
is there any way to avoid as how can i pay the taxes if i reinvest that amount back to buy some new shares ?
Hey bro, can we connect some how? Really want to learn how you did that.
0 to 1 Crore with Freelancing: ua-cam.com/video/upLxuUWRHV0/v-deo.html
what about income tax bro? how much You pay ?
I pay it on the income from my business, not on the investments because i don't sell.
@@remoterish can you please make a video on this?
What's your age bro
Are you Indian,from bangladesh
Yes Indian
Whats your age
time is an illusion
@@remoterish just wanted to have an understanding of how long it would take to reach your level
I understand. I’ll share more details in the coming videos - new ones every Friday :)
That's unnecessary buildup you could have just answered him it was a simple question