There are several ways to make 10 Crore Rupees and that is US $ 2 Million. I will categorize 4 broad ways of making 10 crore. Here are those 4 ways.
01) Employement (Getting a Job) –
The first way of making 10 crores is by earning it. I mean by getting a job, working hard and earning this much amount of money. Of course, you will need to do some higher management level of job at large corporation to earn this much money.
And the second problem is that, every time you earn money via salary, you will have to pay big tax to the government. This will slow down your rate of making money.
02) Self-Employment (Profession) –
The second way of making 10 crore is by doing a profession such as Doctors, Lawyers, Chartered Accountants, Corporate Lawyers and othe professions. Here also you will become a high income group of people and you will have to pay more in taxes which slows down your speed.
03) Business-Owner –
You can make 10 crore by doing a Business also. You work hard to develop a Business from scratch and once your Business will grow, you can easily make this much amount of money. The main advantage of making money by this method is that, you can save your business profit from tax by constantly re-investing it in the growth of business so you can become rich faster than the first two way.
Another advantage of this way is that, even if your business doesn’t make crores of money every year, you can still sell your profitable business for 10 crore in future and cash out your years of hard work.
04) Investor –
Here your money works for you. Means here you make 10 crore by doing investments in stocks, bonds, businesses, gold, real estate or any other asset. Making 10 crore by this method is relatively faster way than any other way. Because here you are making money as a Capital Gains so you have to pay zero tax and thus you can make money faster.
Thus, the above are the possible ways to earn 10 crore. Now, just decide that by which way you want to make 10 crore. My favourite way of making 10 crore is the third way means by developing a successful business and later on selling it. What is yours?...!!!
