My dream – How to become Rich?

My dream - How to become Rich?

I thought of writing something differently this time. I asked this question, what is one common dream, most of us look forward to. I didn’t have to scratch my head, “how to become rich” is everyone’s dream, but very few live to live this dream.

It’s not about the dreaming, but it’s all about the efforts put to live this dream.

My best analogy is old DD comedy show of “Mungerilal ke haseen sapne”, where Raghubir Yadav used to dream big and while dreaming, will elaborately get into details & hard work, but only in his dream, and towards the end when he wakes-up, he is back with nothing in hand 😉

As a matter of fact, there is nothing wrong in dreaming and more so, absolutely nothing wrong to think that one day I will become rich. But what is important is that how many of us actually chart out that dream or write it on a piece of paper, write down how one can reach same, get into detailed working on time, deadline, resources & efforts.

One has very few options to reach this destination of becoming rich, which are, your talent & your savings. Your talent can fetch money, whatever you can command from the market, and whatever you earn based on your talent, how much you can save will decide your future.

Being specific, below is my simple guide:

  1. Start Saving Early:

Start your savings from your first salary… don’t wait. Typical answer here is that, I will start after sometime or let me at least cover my basic requirement first or my salary is small. My logic, even if you can save few hundred or few thousand per month, please start NOW. Any amount which will not hurt or one can compromise with, one should ideally start. Power of compounding works well over long period rather than short.

Example: Let’s say you start investing at age 25 till your 50th birthday with just INR1000 monthly, @15% CAGR. You will receive INR27.5lacs on your 50th birthday.

Now if you delay this monthly saving by just 5 years, you will receive INR13.2lacs on your 50th birthday.

  1. Start Saving More:

Whatever one earns, idea is to save more. Simple suggestion is to keep increasing the saving each month, which could be from few hundred rupees to few thousands, which will not hurt anyone ideally.

Example: If we take cue from above & add just INR100 to monthly savings of INR1000 each month, which will look like this; month1=1000, month2=1100, month3=1200 … month24=3300 till 50th birthday (starting from 25th). With 15%CAGR, you will receive INR2.37crores on your 50th birthday. One can look at multiple ways to increase monthly commitment.

  1. Invest Savings Fast:

Whatever surplus funds in hand or savings you have in hand, immediately park it into any of the best available funds, else one ends up using same.

  1. Track & Manage Funds:

To learn, understand & mange funds based on your liquidity, risk & returns periodically. In short hook to platforms who offers such services, where you can map, track & manage your investments, all under one roof.

Finally, it’s not about dreaming “how to become rich”, but all about your efforts on when to start, how much to save, how often & the discipline, one follows.

Manoj Chahar
Founder & Storyteller at
Manoj is the founder of, with 15 years of corporate experience & expertise in financial markets. Manoj has corporate stints with Kotak Securities, IIFL group & Philips India. He holds an MBA (PGDM) degree from Symbiosis (SIMS) Pune.
His interests include birding & adventure activities.

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