How to Earn / Make One Crore Rupees?

Making one crore rupees is a big deal. There are several ways of making this much amount of money in your life. But every way has its own pros and cons. In this article, I will divided the making of 1 crore rupees in 4 broad ways. These are the 4 broad ways by which you can make this much amount of money in the economy.

And I am sure that, all of you fall into one or another way.

01) Employment – Be an Employee & Earn 1 Crore -

The commonest and age old way of making 1 crore is you become an employee at some large company or corporation. And make this much money via paycheck. But well, for this you have to become a CEO or a higher level employee of government or some large corporation. And there is an extreme hard work in doing this.

Another disadvantage of this way is that, you have to pay tax on whatever you earn. This slows down your money making rate. Because every time you earn, you have to pay 30-40% of your income to the government as a tax.

02) Self-Employment – Be a Self-employee/Professional & Make 1 Crore -

Another way that is more easier than becoming an employee is you become a professional. Such as Doctors, lawyers, Chartered accountants, film stars, sports stars, singers, music stars, golf star, foot ball player and so on.

Again the disadvantage here is that, you have to give 30-40% of tax to the government from your income every year.

03) Business Owners – Build a Successful Business & Sell it for 1 Crore -

Now, this is my most favourite way to make one crore. You develop a successful business and later on sell that business for crores of rupees or simply make a crore from that business. Many Internet Entrepreneurs have made fortunes by this way. They have developed successful Internet Business during the Dot Com boom during the late 90s and later on sold their fortunes for literally millions of dollars.

The Best advantage of making one crore by this method is that, you don’t have to pay much tax if you sell your Business because the profit will go towards the long term capital gains tax and thus will be tax deductible.

04) Investors – Be an Investor and make 1 Crore -

This is amazing. It means that, making money from money. It means making your money work for you rather than you work hard for the money. Warren Buffet is doing this. He is making money from his money. In other words, he is making his money work for him rather than he works hard for the money.

The Best part about this way is that, here you make crores and millions of money but you don’t pay a penny in the tax legally. Because all the money you earn is from long term capital gains tax. And Long term capital gains from certain assets such as stocks is NIL in many countries including India.

Thus, the above are the various ways by which you can make one crore in your life. Now, the choice is yours. Weather you want to make this much money by employment or self-employment or by doing Business and Investments?….!!!