The dream of becoming a millionaire can now turn into reality, just follow the simple rule of 21x10x12.

News India Live, Digital Desk: We all want financial freedom in our life. We want to have so much money in our bank account that we do not have to worry about our own or our children’s future. But whenever it comes to becoming a ‘crorepati’, we feel that for this either there should be a lottery or there should be a big business.

But the truth is that to become rich, more ‘discipline’ and ‘correct mathematics’ are required than luck. Today we are going to tell you about a famous formula in the world of investment which 21x10x12 rule (Rule).

It may sound like a number plate of a car, but it is your stepping stone to becoming a millionaire.

Let’s decode the secret of 21x10x12

There are three numbers in this formula and each number has its own special meaning. If you coordinate these three, magic is sure to happen.

1. Meaning of 10: Investment amount
Here 10 means ₹10,000 per monthYou have to save Rs 10,000 every month from your earnings and invest it (through SIP), If you work, this may be difficult, but not impossible, Keep it aside considering it as future EMI,

2. Meaning of 12: Rate of Return
Here 12 means 12% annual returnIt is considered common to get an average return of 12% in the stock market or Equity Mutual Funds for a long period, This is much more than fixed deposit (FD) or gold,

3. Meaning of 21: Time
This is most important. 21 means 21 yearsYou have to keep investing every month for 21 consecutive years, It is not to be stopped midway, This is the real test of ‘patience’,

So how does the magic happen? (Understand the calculations)

If you stick to this formula, compound interest will work wonders.

• You have accumulated in 21 years: Total around ₹25,20,000 (25 lakhs).
• You received interest/profit: Approximately ₹88,66,000 (more than Rs 88 lakh).
• In your hands after 21 years: More than ₹1,13,00,000! (Yes, Rs 1 crore 13 lakh).

When to start it?
The best time to take advantage of this formula is ‘today’. If you are in your 20s or 30s, you can become the owner of crores by retirement. Even if you start this SIP in the name of your newborn child today, when he turns 21, he will already have a corpus of over Rs 1 crore to start his career.

So what are you waiting for? To become rich you don’t need a big brain, you just need consistency.