Ambition of 10CR

Not possible.

From today, you need to invest 2L per month giving you a 24% CAGR over 10 years to hit that number.

I started with same base pay in 2017. Got married, travelled alot, got insane raises and hikes and invested without compromising lifestyle. All in all after 7 years the networth is 3cr, accounting for the fact 2020-22 was an outlier in terms of salaries, i really doubt if u can make 10cr in 10 years.

You'll need real luck.

1. You invest in a stock/property that grows exponentially in a once in a lifetime event.
2. You join an early stage company as an early employee and the company IPOs/gets acquired/does a buyback within 8-10 years.
3. You start as an independent freelancer and sell courses online. Scale it to a massive scale over a decade.

10cr will not be worth the same of course as today, due to inflation - but you can of course achieve it if you are willing to risk it. Bigger the risk, bigger the chance of hitting the number.

I would suggest move abroad for 3-5 years. I have 7YoE as software engineer. For first 5.6 years, my savings/investments was 40L. I moved to Dubai in early 2022. My investment/saving will be 1.5 Cr by this year end. I live frugal lifestyle. I have 80L INR besides in ESOP but that’s zero now so don’t believe in too much on ESOP. I do SIP in MF regularly and that’s how I invested since 2017.

Why the rush? Why can’t you let compounding do its thing and trust the process? 10CR in 15-20 years is much more realistic and achievable, as compared to 10.

Saari khwaishe 1cr ke andar puri nahin ho jati🙂

Focus on building up a corpus of 3 to 4 crores.

The first few crores are the hardest, post that compounding starts kicking in making it a lot easier.

https://twitter.com/naval/status/1002103360646823936?t=F_ajPt3GZfp4gGcU5vYQ9Q&s=19