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Try repeating the old adage, "If wishes were horses, beggars would ride" to beggars and you will be rebuffed. Why? It is no sin to dream—that is what wishing is all about. Also, it is not something beyond one's reach. So, dreaming of becoming a crorepati is no big deal.
The list of rich is growing daily across the globe and India is no exception. There is huge wealth remaining to be tapped. India today is brimming with supreme confidence. The atmosphere is thick with "can do" attitude and it matters a lot. Wealth creation is almost a child's play now. All that we need is a plan, a strategy, a systematic blue print to convert that dream to become a crorepati into a realty. That is precisely the current article is all about. It focuses on man's wealth-based lifestyle. Earlier, wealth creation was considered as an art, which was dependent on individual ingenuity, hard work and luck. Now, things have changed for the better. We have tried and tested investment avenues as pathways of wealth creation.
Today, the lure of investment in equity seems to have captured everyone's imagination. Equities have outperformed almost all the other asset classes. That's the reason that individuals are jumping on the equity bandwagon without a second thought. Recently-announced tax concessions are adding icing on the cake. A sum of Rs.100000 invested in equity funds will be exempt from payment of income tax. So, there is a mad rush for owning equities in one form or the other. |
