10X Wealth GROWTH in 10 YEARS! | Money Matters Ep. 30 | Ankur Warikoo Hindi

"we will start an SIP of Rs 1 lakh for 12 months and this SIP of Rs 1 lakh will be in what is called a NIFF mutual fund. It invests in the top 50 companies of India listed on the National Stock Exchange"

"So, next 1.5% will be in the Nifty 50 mutual fund"

"I was thinking of retiring by the age of 40."

"after 5 years, you will have a total investment corpus of approximately Rs 3 crore 90 lakh."

"If you follow this approach for 10 years, then your total corpus will be Rs 105 crore, whose inflation adjusted value means your net worth as per today's money will be Rs 5 crore 85 lakh."

"If you do this Let's delay your retirement by 15 years and whatever reason you choose to, then your total corpus will be around Rs 10 crore whose inflation adjusted value as of today's date will be around Rs 9 crore 75 lakh"

"if you retire at the age of 45, you can withdraw Rs 4 lakh every month and your money will never run out."

"if you retire at the age of 45, you can withdraw Rs 4 lakh every month and your money will never run out. This Rs 4 lakh as per today's date means whatever is your status or capability of Rs 3 to 4 lakh, you will be able to withdraw that money every month and you will never run out of money. This is the power of doing it for 10 years. That means if you do it by 42, you will have Rs 105 crore and that will take care of your entire life."

"I will not buy more than one and a half or two bedrooms because you have a time frame of 10 years to retire, I will try to maximize my access capital in that 10 years, so that I get a fairly decent return over a period of time."

"Personally I do not like it because you are giving a loan to a person whom you do not know, you are giving a loan to a person whose credit history you do not know completely and you are putting your complete trust in the platform which is facilitating this P2P exchange, if tomorrow something happens to this platform, what ever the case is, what ever the case is and I am not saying that it will be a fraud, it can happen, but if it happens, then your entire Rs 4 lakh is lost."

"I would personally create a Rs 15 lakh emergency fund, an emergency fund of Rs 15 lakh. And I will put this Rs 15 lakh in a simple bank FD which I can break anytime."

"my recommendation based on your income is that you should have a cover of Rs 1 crore and your wife should have a cover of Rs 1 crore."

"50 lakh should go into your traditional savings, so any traditional savings that you can choose, and if you have maxed out EPF, sorry, PPF, put it in NPS, put it in NSC, Anywhere."

"then next 1.5% will be in a mid-cap mutual fund"

"and then about 50% will be in the small-cap mutual fund."