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The Enduring Allure of "Rags to Riches" Stories: A Dive into Human Psychology

Introduction: The fascination with "rags to riches" stories is deeply ingrained in human culture, transcending borders, generations, and socioeconomic backgrounds. These tales of individuals who start with nothing but determination and eventually achieve extraordinary success have captured our collective imagination for centuries. But what lies beneath this universal appeal? Why do people from all walks of life find themselves drawn to these narratives? In this article, we'll explore the psychology behind the enduring allure of "rags to riches" stories. 1. Resonance with Aspiration: At its core, the human spirit is driven by aspiration. We all have dreams, desires, and ambitions, and we yearn for a better life. "Rags to riches" stories tap into this innate aspiration. When we see someone overcome adversity and attain wealth, power, or success, it gives us hope that we, too, can achieve our goals, regardless of our starting point. 2. Inspiring Underdog ...
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Building a 20 crore corpus with an initial investment of 1.5 crore: Investment options and strategies

 Introduction:

Investing your money with the right strategy is crucial for achieving financial goals, such as creating a corpus of 20 crores from an initial investment of 1.5 crores. With the right investment options and a well-planned approach, you can reach your target and secure your financial future. In this article, we'll discuss different investment options and strategies that can help you build a 20 crore corpus with an initial investment of 1.5 crores.

Lump sum investment in mutual funds:

One popular option for building wealth over the long term is investing in mutual funds through a lump sum investment. A lump sum investment is a one-time investment in mutual funds, as opposed to systematic investment plans (SIPs), which involves investing a fixed amount at regular intervals.


Investing in mutual funds through a lump sum investment can be a good idea if you have a long-term investment horizon and a high-risk tolerance. Mutual funds provide exposure to a diverse portfolio of securities, which reduces the overall risk of your investment. Moreover, investing in mutual funds can help you benefit from the power of compounding, which can help your wealth grow over time.

Other investment options:

In addition to mutual funds, there are several other investment options that you can consider to build a 20 crore corpus with an initial investment of 1.5 crores. Some of these options include:


Equity-linked savings schemes (ELSS): ELSS are tax-saving mutual funds that invest in equity and equity-related securities. With a lock-in period of three years, ELSS funds are a good option for long-term wealth creation.


Fixed deposits (FDs): FDs are low-risk investment options that provide guaranteed returns. However, FDs tend to offer lower returns compared to other investment options and may not keep pace with inflation over the long term.

National Pension System (NPS): The NPS is a government-sponsored pension scheme that allows you to build a corpus for your retirement. You can invest in the NPS through a lump sum investment or through systematic investment plans (SIPs).


Stocks: Investing in stocks can provide the potential for high returns, but it also involves higher risk. It's important to do thorough research and consult with a financial advisor before investing in stocks.

Investment strategy:

To build a 20 crore corpus with an initial investment of 1.5 crores, it's important to have a well-planned investment strategy in place. Here are some key steps you can follow:


Determine your investment goals: Before you start investing, it's important to determine your investment goals and risk tolerance. This will help you choose the right investment options that align with your financial objectives.

Diversify your portfolio: Diversification is key to reducing risk in your investment portfolio. Consider investing in a mix of equity, debt, and gold to balance risk and returns.


Invest regularly: Consistent investment over time can help you benefit from the power of compounding. Consider investing through systematic investment plans (SIPs) to take advantage of this strategy.


Review and rebalance your portfolio: Regularly review and rebalance your portfolio to ensure that it aligns with your investment goals and risk tolerance.

Conclusion:

Building a 20 crore corpus with an initial investment of 1.5 crores is achievable with the right investment options and strategies. Consider investing in mutual funds through a lump sum investment

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The Enduring Allure of "Rags to Riches" Stories: A Dive into Human Psychology

Introduction: The fascination with "rags to riches" stories is deeply ingrained in human culture, transcending borders, generations, and socioeconomic backgrounds. These tales of individuals who start with nothing but determination and eventually achieve extraordinary success have captured our collective imagination for centuries. But what lies beneath this universal appeal? Why do people from all walks of life find themselves drawn to these narratives? In this article, we'll explore the psychology behind the enduring allure of "rags to riches" stories. 1. Resonance with Aspiration: At its core, the human spirit is driven by aspiration. We all have dreams, desires, and ambitions, and we yearn for a better life. "Rags to riches" stories tap into this innate aspiration. When we see someone overcome adversity and attain wealth, power, or success, it gives us hope that we, too, can achieve our goals, regardless of our starting point. 2. Inspiring Underdog ...
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