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Five Key Financial Mistakes to Avoid if You Aim to Become a Crorepati in Ten Years
Avoiding debt, timing the market, concentrated bets, ignoring tax and missing regular SIPs are five pitfalls that hinder becoming a crorepati in ten years.
Financial advisors highlight that aspiring crorepatis must avoid excessive debt, small-cap concentration, lack of long-term tax-aware planning, excessive market timing and neglecting regular equity investment. These five key financial decisions reduce compounding potential over a decade. Building a substantial corpus relies on disciplined monthly savings combined with diversified index exposure and consistent SIPs. Experts point out that emotional decisions during bear markets, over-reliance on hot IPOs and underestimating inflation also derail long-term goals.