How To Become Rich In India

How To Become Rich In India

PCBWay

You are about to read the ultimate guide on ” how to become rich in India “.

How to become rich in india

I wouldn’t say that this post will change your life forever. However, I would certainly say, that you will never be the same after reading this article.

Before I tell you about the path that will take you to millions, I must tell you about the path that will never make you rich. However, unfortunately most of us have taken this path in life. Hence, we are destined to remain poor, until and unless we change our path.

The Path That’ll Never Make You Rich

Suppose, you’re an engineer from the most prestigious institute of India (any one of the IITs), working in the top tech company of the world (most probably Google). You’re getting a cool salary which is way too much more than your friends and relatives. That’s really cool. But, there is just one problem. It will not make you rich.

In short, forget about getting rich if you decide to spend the rest of your life working for some company. The only way an employee can become rich is if he gets stock options early in his career, which I think is quite unlikely in India.

So, if you have read somewhere that, by saving your salary and investing it wisely, will make you rich, then let me tell you one very important thing that will open your eyes for the better – “That’s pure bullshit”.

Saving and investing doesn’t make you rich. You may end up having a bit more money than your friends but forget about getting rich.

“Boond boond se sagar banta hai .”

Nothing could be more misleading than the above statement. If you have any intention to make an ocean out of drops, then you should be prepared to live a few billion years on this planet.

What I am trying to tell here is that , you can never become a millionaire by saving parts of your salary. Your salary is nothing. It will never make you rich. It’s just a tiny speck of dust.

So, finally , just keep one thing in mind – your job will never make you rich.

So, what the hell will make you rich ?

This will .

The Path That’ll Make You Rich

There is a limit to the amount of money you can earn from your job. If you have any desire for getting rich then you have to break this ceiling to your earnings. However, unfortunately, this ceiling could never be broken as long as you are working for someone else.

The only way to break this ceiling is by working for yourself.

Yes, you got it right.

You will have to work for yourself.

How do you work for yourself ?

You work for yourself by becoming an entrepreneur.

You see that even actors, sportsmen, artists etc. become rich. But, when you analyse the success rate, you will see that for a 100 crore population in India , there are only 6 actors who have been consistently earning crores per year.

  1. Shah Rukh Khan
  2. Amir Khan
  3. Salman Khan
  4. Akshay Kumar
  5. Deepika Padukone
  6. Hritik Roshan

You can check the figures here .

So, your chance of becoming rich by trying a career in Bollywood is 0.0000006 % .

Now, let us see what are your chances of becoming rich if your try the path of entrepreneurship.

According to NDTV India has 1,98,000 millionaires .

Wow! That means your chance of becoming rich by trying entrepreneurship is 1.98% .

I know what you’re thinking right now.

1.98% is too less. But wait, I have good news for you.

But, before that answer me this question:

Can you speak English?

If your answer to the above question is “Yes” , then CONGRATULATIONS .

You’re are among the top 3% engineers produced in India. A report says that 97% of Indian engineers are unable to speak English.

So, earlier you had a chance of 1.98 % out of 100%.

You see only 10% of Indians are able to speak English . And as far engineers are concerned, only 3% of them can speak in English .

So the calculation says that if you are not an engineers then, your chance of becoming rich is 19.8%  .

And, if you’re an engineer, then this chance increases even more.

So, one thing is established for sure that the most probably path to become rich in India is the path of entrepreneurship .

How To Become An Entrepreneur

Entrepreneurship is nothing but the intersection of your skills with the need of people.

In simple words, if you can provide things that people need then you can start a business.

There are a lot of things that people want:

  • Money
  • Love
  • Security
  • Education
  • Recognition
  • Pleasure
  • Health
  • Comfort
  • Hope
  • Entertainment etc.

If you can provide anything that would help people achieve any of the above mentioned things, then you can become an entrepreneur.

So how do you convert your skills to a business.

Do You Really Need Money To Start A Business

You must have heard that you need a lot of money to start a business. That’s not true.

You certainly don’t need money. What exactly is required is the passion and determination to pursue your venture till it bears fruits.

You may need money to take your business to the next level, but then there are a lot of venture capitalists out there who will fight with each other to give you money just to have a pie share of your business.

All the big businesses that start these days are not born out of money. They are born out of passion and commitment.

If you have the passion and commitment to stick to your business then nothing will become impossible for you.

What Should You Do Now

Right now, I would suggest you to read sites that tell about entrepreneurship.

The following sites will be helpful to you:

Once you start reading the above mentioned sites, you will come to know about a lot of real life stories, where people like you changed their lives by pursuing the path of entrepreneurship.

Final Advice

My final advice to you is this:

“Don’t waste your time.”

There are  a lot of things that you can do now, but wouldn’t be able to do five years from now. Do not let go the opportunities the present time is offering you.

All the best.