New Delhi, April 15 -- Genius doesn't do different things; they do things differently. Similarly, a smart investor becomes a millionaire or a billionaire by investing wisely. For example, if a normal investor starts a monthly equity mutual fund SIP of Rs.9,000 and keeps doing it religiously for 35 years, it will accumulate Rs.55.88 crore. However, like a smart investor, if someone increases their monthly SIP in sync with their annual income, they can accumulate a substantial amount in retirement.

To achieve this, an investor needs to start investing early in their career. To start a Rs.9,000 monthly SIP, the investor needs to save Rs.30 a day ( Rs.9,000/30), which can be achieved by cutting down on unnecessary expenses.

Speaking on how ...