Get Rich or die Trying. The magic of making CRORES

              Does this title pushed you to give an eye to this article?? Does it looks interesting?? 

                                        BUT ho bhi kyu na, paise vaale magic me to sab interest lenge hi.😃

YES, its true that you can earn Crores of amount easily. The amount which is a dream of every single individual, because money is the only thing which makes you, motivates you and illuminates you in the crowd -- its a reality, not a myth. 

So, what if I tell you that you will get a gift of more than 1 Crore in the future, Many of you will disagree and leave the page. But what if our government gives you a guarantee for that, then would you  still think the same? NO or a big YES !!

You might be familiar with the term "PPF", called as Public Provident Fund, primarily it's an account with an indian bank and is most popular because of its combination of Safety, Returns and Tax savings. With the government scheme of  Jan Dhan Yojana, almost all of us have their bank accounts, even a student of 16 years have one. So, why we not have a PPF Account?

Basically in this account , we have to deposit an amount on yearly or monthly basis for 15 years , and on that amount the bank will give you an interest nearly 7.20 or more (as it keeps changing per quarter by government: may be 10% in future) with compounding effect. 

The effect of compounding, the eighth wonder of the world, which basically means compounding of interest on principal amount as well as on interest earned on previous principal amount. Think if employees is paid on compounding salary basis, then a security guard can earn equivalent to a CEO, but its not feasible in the real world. But the question still remains same, how could you or even a less paid employee could earn Crores.

In PPF account you can deposit minimum Rs.500 of a month or say 6000 of a year upto 1,50,000 a year for maximum 15 years. You can deposit more than 1.5 lakhs but you will get interest only on maximum 1.5L of year. So think Rs.6000 for a  freshers and 1.5 lakh for a senior employee is not a big amount. 

If we make a fixed deposit of same amount we get 4.80 or lower interest rate and not any Tax exemption but PPF provides you a FULL TAX EXEMPTION , no tax to be paid on principal, interest or on maturity amount and you can show it in deductions while filing ITR.

The most important benefit of PPF is that you can withdraw a partial amount  on emergency and even you can get a LOAN against your PPF balance. So it's like a stick of to an old person.

 You could extend the PPF maturity to 60 years of age instead of 15 years, which means you have to deposit the amount till 15 years from opening of account but do not withdraw the maturity amount until 60. Because you will get the interest on that years as well in which you paid nothing and keep in mind that interest is still compounding.😄

Say for example, a person started depositing an amount of 500 monthly or RS 6000 yearly into a PPF Account on joining a  job at 18 or 19 years of age and paid till 25, afterwards he started depositing 1.5 lakh because of increase in salary amount. As you can pay till 15 years, then from the age of 25 to 33, he makes a deposit of 1.5 lakhs every year. Now at age of 33, the period of 15 years is completed, then you do not have to make a deposit from age of 33.

 You will be surprised to know that it will be Approx 16 lakhs by age of 33, due to compounding. Now the real magic begins, so, if you don't disturb this account and extend its maturity by every 5 years to the age of 60, you will receive more than 1 CRORE. Keep in mind, we didn't changed the interest rate from 7.10, but what if it ROI reaches to 10% or more, then maturity amount could nearly be 2 crores approx.

Now most you will have the power to invest 1.5 lakh from first year till 15 years, then in that case your maturity amount will be near 1.5 crore, with stick interest rate of 7.10, which can be changed by government every quarter. It can't be tough to deposit at least 2000 from 18 years of age or from first month of your job and keep it increasing month by month. The more you will deposit the more you will receive. 

The individuals of more than 27 years can start a PPF account for their children as well, so by the age of 18 he/she can get the same amount as well. If both husband and wife maintain their own PPF account with the children account as well, the calculation of total maturity could be more than 3 crore plus for them.

It is the safest scheme with the maximum benefits without any risk, so start your journey and enjoy the results. Contact your bank and have a discussion with them for your crores of money.

RETIREMENT – A BOON OR BANE

                     RETIREMENT – A BOON OR BANE

A person starts his job with the dream of ability to fulfill all wishes of him and his family . This is not a dream of single employee but a dream of industry. it  Working is like a moment that star is pink and employee is flying bird in that pink. 

But, To not be caught in situation of no job for fresher, the industry started a trend to compulsory fire an employee from his job at senior age level so that new comers will take his place. So, This retirement is a boon or a bane ???

A job gives a person a healthy lifestyle – like fear of waking up and sleeping on time as to be there on work place next day, keeps him healthy and fit. While at workplace, doing activities physically will sharpen the brain. Industry makes an employee a google auntie who has all information of what is happening in his field sector.

Employee always try to save his job by doing extra efforts and even  remaining cut from his personal life as it will give him remuneration. Doing jobs in part time he try to maximize compensation which will be used as a backbone of old age. In the era of today , the modern time force an employee to attach with the social clubs and organization by which he will get a special status by his job role and be appreciated by the public as well.

At most 90% of employee’s of world save their larger part and spend balance for expenses. But as the time change,  the era makes the situation opposite,

10% save and balance use to pay expenses and others. This all is going because a payment or say a fruit is coming regularly and largely eaten and balanced save for tomorrow, but if there will be a curfew and the fruit stops to ripen ,what will happen?

This is approximately same as like a retirement which gives an employee totally struck off from these all activities. Now his job is gone into the shoes of his children . Time will totally be a change from past. Like a plant , which gives fruit , flower till having water and later on a portal of crushed like leaves and grayish brownie branches.

After getting free from job , the employee thinks he is now free to enjoy the life. He will travel to enjoy , have a quality time with his wife and family .

Having a proper food on time basis and rest. But in reality , it is not like that  how it seems sweetish. The situation will be worse from older days as due to late waking up and not walking and running in traffic to reach office will steadily makes him available with surrounding of medicine.

The time he is thinking to be pass as quality time will result as hard time as family does not have habit to see him at home , it will result in confrontations. Life can’t be  without food , so the retirees who eat only limited food come to enjoy the every hour food which will see how the nature gives a blessing of food on him . It’s a coolest moment for the retirees.

While enjoying the Netflix serials , person came to the new concepts of social media for full day giving him a blossoming feel. He is now fully available to connect with the relatives and far friends.  Enjoyment  of songs and god worship will become daily routine and its all be a fantastic in newer days but later on the sentence of “ me naukri krta hi bdiya tha” will be hearing .

As the moment passes and the health asset starts decreasing will be result of tensions and all. It will also show a moment of how the life if difficult without work. THEN, he comes to searching options for earning and……

Retirement is not a bad thing but meaning will be shift of field of job from full time to part time and more compensation to less but regularly. It is not a worse to retire a person but development of his skills as new comer will give the industry an experienced guy with the new skills as well…

Now it will be a bane or boon totally depend on how employee understand it.