Many people say, ‘My salary is so low, how can I save?’, while others think, ‘I will start investing only when my salary increases. In reality, this thought is the biggest reason for postponing investment year after year. But the truth is, how you use that salary is much more important than how much you earn.
2025 is coming to an end. If you want to see real changes in your financial situation by 2026, then develop this habit from the new year, regular investment.
Is it really possible to save on a low salary?
Of course it is possible. Suppose someone’s monthly income is 40,000-50,000. With this income, it may be difficult to save 20,000 a month, but setting aside 10% of your salary, i.e. 4,000-5,000, is not at all impossible. It can be done by controlling a little spending.
If this money is invested in mutual funds every month through SIP (Systematic Investment Plan) and an average annual return of 15% is assumed,
then-
- In 5 years, the corpus can be around 4.36 lakhs
- In 8 years, it can increase to around 8.89 lakhs
- In 10 years, it can reach around 13 lakhs
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Increase your investment as your salary increases
For salaried employees, your salary usually doubles in 6-7 years. If someone starts with a salary of 40,000-50,000 and increases at an average rate of 10% per year, then after 10 years, that salary can cross the Rs 1 lakh mark.
If the investment amount is also increased step by step during this time, the results will be even more impressive. According to experts, at least 20% of your salary should be invested. That is, for an income of ₹50,000, 10,000 SIP per month.
With this amount, your corpus can be around 39.5 lakh in 10 years
In 20 years, if you maintain the same consistency, your total fund can reach around Rs 2.78 crore
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The real key to becoming a millionaire
You don’t need a large sum of money at one time to become a millionaire. Required
- Regular investment
- Long-term patience
- A habit of increasing investment as salary increases
In addition to mutual funds, investments can also be spread across ETFs, PPFs, stock market or short-term funds if desired.
However, remember that it is very important to know the necessary information before investing and to seek the advice of a financial advisor if necessary.
