Why first crore is the hardest?

It is hard for sure - it just takes a lot of effort and time. I just hit my first. I am hoping the next 1-2 will hopefully come faster, as they should. But I'm also concerned because I made this amount because of a good bull wave that came about in Tech. Not sure if that'll continue going forward.

Anyway, did it by:

1. Joining startups earlier than others, doing well in them
2. Shifting across multiple companies after 2 years each, always helps with making more over some time (if the market is good - only then)
3. Didn't save crazy or anything. Was just lucky to be in jobs that paid well.

Because relative percentage gains. Can only be done through:

1. Lottery

Money makes money my friend

First crore is the hardest because inculcating discipline is hard.

If you’re talking about salary-only money, you’d probably have to work on increasing your salary more than thinking where to invest (ymmv). And you’d take 6-8 years (at least) to hit ₹1cr in net worth . In these 6-8 years, you’d have to be consistent professionally and up skill immensely, making being an expert a habit.

Once you do this, accumulate enough capital, you can get into high risk investments which also yield high returns (when they do). When you start off with a small amount, if you take high risks, you lose a large percent of your capital.

Ex: If you have ₹10L and you put ₹9L into a risky business, you’ve deployed 90% of your capital and might have to kiss it good bye. If it works, your ₹9L might becomes ₹18L and come back. If it doesn’t, bye-bye 90% of your net worth.

Same thing at ₹1cr won’t affect you that much.

But, I think it’s hard even after the first crore 😂 It’s just a “Study hard till 12th, then life is set” situation.

Save around 30 lakh in 4 years, take a housing loan of 40lakh at 6-7% buy a plot or flat in cities emerging. Like Noida, outskirts of blr etc

Because compounding doesn't apply yet as you're trying to save capital and that requires a lot of sacrifice and discipline as said here. Once you reach the limit, you can afford to split that into smaller chunks and manage to deploy into different areas which could yield different returns.
So you go from concentration to diversification and you will go back to concentration once you understand certain areas offer the highest return. Note that these areas need not necessarily be financial in nature. It's about optimal ROI in the shortest time possible.

Trading

First crore as business income is much more difficult than as salary income. Heck earning a single rupee through non salary mode is a lot more difficult than probably a crore in salary income (and freelancing and consulting don't count as you are still selling your raw brain power). Because its a different skill set altogether.