How to Become Millionaire? Follow this steps

By | September 27, 2023
how to become millionaire

Nowadays everyone definitely dreams of becoming a Millionaire. Although it is different that becoming a Crorepati is not that easy. Nevertheless, in this article we will tell you how to become a millionaire in the shortest possible time? What are the ways to become Crorepati that can fulfill this dream of ours as soon as possible.

All of you must have realized that this world now belongs only to those with money. The more money one has, the more respect he has. In earlier times, they used to say that if I too become a millionaire in any way, then I will have fun. But now that thing has become old.

Now people have started thinking of becoming millionaires and billionaires instead of millionaires. Because nowadays everyone is a millionaire. The question here is that how to become a millionaire as soon as possible. What such measures should be tried, or what should be done, through which one can become a millionaire.

First of all, we would like to say something to those people who think that they can never become a millionaire because it is impossible. Agreed that not everyone can become a millionaire, but those who are determined and find the right path for it, they also become millionaires. It is clear from this that this work is not impossible at all.

But to become a Crorepati, you have to choose such work which really has the power to fulfill your dream. If you try to become a millionaire by running a grocery shop, then it will take you a lot of time. It is possible that your whole age will pass but you will not be able to become Millionaire.

Similarly, if you want to become a millionaire by doing a job, then you will not get success in that also. That’s why you have to choose the right way to become a millionaire, which will take you to your goal in the least time. It is also true that if you are absolutely poor then it may be almost impossible for you to reach here.

But if you have 4-5 lakh rupees with you, then you can easily achieve your destination in the least time. Here we are going to tell you some such ways to become a millionaire, which can earn you a lot of wealth in a very short time. So let’s know about these methods.

How To Become A Millionaire

(1) Share Market will make you a millionaire

You all must have heard the name of share market where shares worth billions of rupees are bought and sold every day. Nowadays investing in Share Market (Online Trading) has become like a trend because this is the only way that can make a person’s 5 lakh rupees 1 crore as quickly as possible.

If you are looking for the formula to become a Crorepati, your search ends here. Because to earn money from Share Market, neither you need any staff nor you have to take much tension about work. Just here you need some things and that is understanding, courage, knowledge and patience.

If you have knowledge of Stock Market and you have patience and fearlessness then you can earn crores from Share Market in a few years. It is also possible that you become a millionaire within only 1 year. Because there are hundreds of Penny Stocks in the Share Market which have the potential to grow 50 times or 100 times in just 1 year.

So isn’t this the best way to become a millionaire? But wait a minute, there is another aspect of it called “Dangerous Risk”. Yes, that is why it is said that if you have come to earn money from the share market, then step carefully and thoughtfully dear. Because the bigger the victory here, the bigger the defeat.

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Yes, it is also true that as soon as it increases your money manifold, it can also give you a huge loss. Even up to 95% of the capital invested by you can disappear. Yes, when it gives harm, it gives such a big harm.

Here only those people are successful who are not afraid to take risks. Therefore, if you are thinking that how to become a millionaire as soon as possible, then you also have to take this risk. But take the risk with caution and invest in such stocks which are fundamentally and financially strong.

You will not be able to become a crorepati by investing in Mid Cap and Large Cap Shares. Or it may take 10 to 20 years for you to become a millionaire. There is not much risk in these stocks, your money cannot suddenly sink in them. But the thing is the same that you cannot become a millionaire all of a sudden.

So it is obvious that you have to invest in good Penny Stocks. Penny Shares means very small shares whose price ranges from 0.10 paise to 100 rupees. Now you are thinking that how such small companies will make you a Millionaire. This is the secret in this.

Actually, the game of operators runs in such stocks. Together, they buy lakhs and crores of shares in very high quantity of any one company, due to which upper circuit is installed in the stock. Means that share starts running upwards everyday and in a few days or months the share price increases from 10 to 100 times.

It is obvious that if there is a lot of buying in a share and very little selling, then the stock will move upwards. So the continuous running of the stock stops when the operators sell their shares. As soon as they sell, the share falls down as fast as it went up.

Suppose you invest Rs 5 lakh in a Rs 5 stock and buy 100,000 shares of the company. Now as soon as there is an entry of operators in that stock, they will buy a large number of shares. Because those people do not have shortage of money.

Now the stock of 5 rupees has reached 100 rupees in a hurry. Means the price of the stock has become 20 times, it means that your money will also become 20 times. If you had invested 5 lakh rupees, then by 20 times your capital would have become 1 crore directly.

But our advice is that instead of investing all the money in one company, invest it in different companies. Suppose you have to invest 5 lakh rupees, then you invest all the money in 1 company and leave it in 10 different good companies.

By doing this, your risk will be greatly reduced. Because if even 2 stocks out of these 10 go away, then understand that your life will be crossed. By investing in this way, you are saved from big losses. So hope you have understood how to become a millionaire through Share Market.

(2) Earn immense wealth from Network Marketing

This is the question of many people that can network marketing become a millionaire? People ask this question because many people are not even able to run their house with this work. Actually this is not the fault of network marketing, it is the fault of the person working in this field.

Many people make a mistake in choosing the company in the beginning and some are not capable of doing this work. It means to say that only those people can become Crorepati by doing this work, who talk well to others. Whose image is good and whose network is also very good.

After this comes hard work, this is such a work which demands continuous hard work from you. But in the beginning there is some enthusiasm among the people, but after a few months they sit down peacefully. So who can become a millionaire by working in this way? None.

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If you do research on the Internet, you will find that all the people who have become Millionaire through this work have done a lot of work in the field and have done it continuously. Only then have they been able to make their dreams come true.

Nowadays hundreds of Network Marketing companies are running in the market. First of all, you have to choose the most reliable and most profitable company among them. In this work, all the work is done on the basis of commission, so in this work, the bigger your team you make, the more money you will get.

If you do this work with full enthusiasm, then believe me, you can become a millionaire through a big company. It is absolutely possible and we get to see hundreds of examples of this.

(3) By doing property dealing work

Let us now tell you how to become a millionaire by doing the work of buying and selling property. But keep in mind that to do this work, you must have a lot of capital. You must have at least 20 lakh rupees.

If you have this much money then within just 3 years you can easily convert your money into 1 crore. You know that nowadays the prices of Plots etc. are skyrocketing and they will increase at the same pace in future also. In the beginning, you buy any 2 plots (20 lakhs) cheaply at some decent place and wait.

You will see that only after 2-3 years you will start getting double/triple value of them. You can sell both your plots after getting good customers. You will get around 50 lakh rupees easily from those 2 plots. And if you hold these plots for a longer time then you will get more price.

So in this way you buy a cheap plot and sell it at an expensive price after 1-2 years. By adopting this method, you can easily become a millionaire within 5 years. And if you have more money in the beginning then you can become a millionaire even faster.

(4) starting a business of his own

As we told you that it is very difficult for a man to become a millionaire by doing a job. Some people whose income is very high, they become millionaires but other people are not able to do so much savings. So the way for such people to become a great millionaire is to own their own business.

Although not every person is successful in business, but those who persevere with their work with determination, they definitely get success. You choose a business in which investment is less and earning is more. Like Business of Readymade Clothes or Business of Latest Smartphones etc.

There are many other such businesses like taking bike agency, participating in liquor contract or doing transport business etc. Admittedly, there are a lot of expenses in business, but it is also true that through this, more money can be earned in a very short time.

We have seen many such millionaires who did not have much before but today they have a stock of Bank Balances. These were the same people, some of whom did business of vegetables and others of restaurant.

Just kept working hard and expanding our business. If you ever get a chance to meet such a millionaire, then do request to talk to him for 2 minutes and ask him how you became a millionaire? He will tell you the story of his entire struggle.

(5) Earn money from money

This is a very important point which is very important for you to understand. Because if you do not understand this point properly, then understand that it is difficult for you to become a millionaire. All the big millionaires or billionaires today have adopted this formula.

Suppose you have started any business with a small investment and you have made a profit of only 1 – 2 lakhs in the first year. So what do people do that they become happy by depositing those 2 lakh rupees in the bank. Actually this is their biggest mistake. In this way your bank balance will increase very slowly.

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If you want to become a millionaire as soon as possible, then you should put those 2 lakh rupees to work so that your profit becomes 2 times. If not 2, then at least 1 lakh of them must be planted. In this way your investment or your business will increase, due to which your profit will also increase.

By depositing money in the bank, the money stops and neither does it increase much. So follow this rule and learn to earn money from money. This is one of the best ways to become a millionaire.

(6) How to become a millionaire through Mutual Funds

If we deposit the money earned by ourselves in the bank, then how much interest will you get? Just nothing. Because the more interest you get, the more inflation will increase. Then what’s the use? You think for yourself, if you deposit 1 lakh rupees in the bank, then you will get interest of about 7 thousand rupees after 1 year.

Now think for yourself, your balance increased by Rs 7000 in 1 year. Means you got 7% interest annually and in the same time inflation increased by 25%. Means the thing which was worth 100 rupees has now become worth 125 rupees. So did you get any benefit? No no. That is why smart people run towards Mutual Funds to increase their money as quickly as possible.

If you invest even 30000 rupees every month in a good Mutual Fund, then you can become a millionaire in just 6-7 years. This is the power of Mutual Funds. But invest in Mutual Funds very carefully. If possible, first of all choose Mutual Fund only after talking to your Financial Advisor.

(7) How to become Millionaire through Internet

Internet world is a very big world in itself where there are thousands of opportunities to earn money. Today thousands of people are earning lakhs of rupees a month easily by using internet. You too try your hand in any such work and start your journey of becoming a millionaire as soon as possible.

Nowadays there is a trend of earning money by making Youtube Vedios, so you too can try your hands in this field. Make yourself a Youtube Channel and attract more and more people with your videos. The more Subscribers you have, the more views you will get on Vedios and the more you will earn.

In the country, you must have heard the name of many such Youtubers who earn 5 to 10 lakh rupees easily in a month. Like Amit Badhana and Carry Minati etc. Apart from this, you can do many other things like making your E Commerce site, selling Online Products on it and starting Web Hosting work.

Things to keep in mind to become a millionaire

(1) It is not so easy to become a millionaire, for this you have to be ready to do any work all the time. A person who thinks that he will do it in the evening, he will do it in the morning or he will do it tomorrow can never become a Crorepati.

(2) Before starting any work or business, you should think deeply about it and keep all aspects in your mind. Starting any work without thinking can make you not only a crorepati but also a road pati.

(3) Do not think of doing too much work beyond your capacity. Plan the work that you can handle comfortably.

(4) If you want to invest somewhere, then it is very important to take advice from a special financial advisor. Making big investments without any advice can be very risky.

(5) Never trust anyone so much that you hand over all your business to him. Even if that person is not our own. In the matter of money, nowadays no one is near and dear. By doing this you can get a big cheat.

So this was our article How to become Millionaire – Ways to become Millionaire. Hope you have liked this article very much, then do like and share this article.