How to Make Your First 1 Crore: My Strategy If I Had to Start Over

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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[GetRichSteadily]

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

[sreharithiagarajan]

Most of the people already knows what you say, but it requires discipline and motivation to stay on track.

[puneethshenoy]

Simple, straightforward, and clear! Love it! Looking for more...

[adityapatra]

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.

[Dr.Suthan]

Nice videos, bro. Keep posting and help new investors achieve their financial happiness.

[knssnk]

Very informative. Straightforward. Crisp and precise.
Could you also do a video on SWP and also taxes associated with it.

[eccentricpramod]

bro you should be already famous. love your presentation

[Raunak-solr]

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.

[rubalr]

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

[BobyEJ]

Do you Rebalance your erfs? Or just adding money?

[rv_]

Great respect for being so much transparent

[kunjnaik]

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

[ashishskapoor]

Thank you. Want to understand what is the difference between Next50 and Juniorbees?

[INBitcoinHub]

Thanks for the great and (like another user commented), no BS-straight to the point content.

I'd like to know your thoughts on Bitcoin and adding a portion of it to a portfolio, considering its massive potential in the long-term horizon.

P.S. I'm not talking about 'crypto' and other altcoins (which I personally believe are scams).

[student]

Why do you put money in ETF's instead of mutual funds ?

[nikhil]

Thanks for sharing!!! Do create Video on how to use money 💰

[archanaagarwal]

I have the skill but i i dont know how to bring in customers? Like I wanna teach to higher classs students and college graduates but how to bring in students?

[akhiljain]

Hi Rishabh..do you also review portfolio? Let me know if you are and let's get connected.

[GetRichSteadily]

Bro...plz say how to not sell investment and not pay tax & how to use our invested money in real life ?

[rudransh_mittal]

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?