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7 Tips: How To Get Rich Slowly But Surely

This blog will teach you how to get rich slowly but surely. Make the best use of these 7 tips to grow your wealth.
April 18, 2024

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Money is useless if you do not know how to put it to use - Warren Buffet.

Warren Buffet summarizes exactly what most of us experience when we begin earning money. Most people have no idea how to grow their wealth. There’s a certain allure in thinking that the rich have some sort of secret formula that helps them grow wealth, unlike others. But that’s not true.

The simple fact is that wealth creation happens over several years & decades. A slow, steady, and measured approach can help you raise your net worth every year even if you’re worth nothing right now. The trick is to start early and create a healthy investing habit. That’s exactly what we’re going to help you do with this blog. 

#1. Save, Save, Save

Pay yourself first! This might be an overused cliché but it is overused only because it’s true. The harsh truth is that most people splurge on groceries or fancy dinners before investing in assets or saving money. It’s easy to confuse saving from your paycheck with paying your future self. But let’s look at how you can remedy this.

Assume you’re earning ₹100,000 per month. If you’re following the widely accepted 50-30-20 rule, this is how your monthly allocation would look like:

  • 50% for needs (living expenses and obligations): ₹50,000
  • 30% for wants (Trips, movies and such): ₹30,000
  • 20% for savings: ₹20,000

Let’s see what happens when you invest ₹20,000 savings in Bank FDs & savings a/c Vs Mutual Funds & Stocks.

This is what you get:



Returns After 12 Months

Returns After 60 Months

Bank FDs








Mutual Funds








The 50-30-20 rule can help you avoid falling into a crippling cycle of splurging before paying your future self. The table above only shows what happens to your savings for 1 month. Saving up each month and starting a SIP for mutual funds & stocks can potentially give good returns over the long term.

Of course, there is a risk with every investment. But instead of letting your wealth sit idle or worse, not saving money at all, it’s better to invest in an option that works for you.

#2. Think Long Term

Do not fall into a cycle of making bad decisions because you want to get rich quick. These days, it’s easier to fall for schemes that promise overnight success because they are sugar-coated and sold more cunningly.

Wealth creation is a marathon, not a sprint. There’s plenty of historical data that suggests you’ll be better off investing in mutual funds or the stock market for 5+ years.  When you think long term, you don't have to worry about short term market fluctuations or trends.

#3. Diversify

Diversification is one of the most important tools for generating wealth. Here are some of the benefits of diversification:

  • Less risk
  • Lower volatility
  • Protection against market phases
  • Better opportunities

A myopic worldview can stop you from getting the best of every investment opportunity. Diversify your portfolio beyond traditional investments by investing in options such as International Stocks & ETFs, Indian Stocks & mutual funds, gold, alternative assets, and plenty more.

Explore mutual funds, US stocks, P2P lending, and digital gold on Cube Wealth

#4. Build The Perfect Portfolio

Most people look to conserve wealth and not grow it. It's a feature, not a bug, in this instance. You invest your valuable time & effort to get paid. If you’re working for money, shouldn’t your money work for you too?

Instead of leaving your money idle in a savings account or investing in a Fixed Deposit FD,  you can let compounding interest work its magic by investing in a balanced combination of mutual funds, stocks, alternative assets, and others. You see, there’s a risk-reward balance that you must weigh. 

But if you get a good wealth coach who can tell you exactly what you should put your hard-earned money into based on your goals, you’ll have a better chance of growing your wealth. 

At Cube, we follow the Bucket Philosophy that helps our users to build a Perfect Portfolio for their needs & goals. This includes investing in 5 main areas

  1. Emergency
  2. Protection
  3. Short Term
  4. Medium Term
  5. Long Term

Watch this video to find out how you can build the perfect portfolio

#5. Get A Wealth Coach

We’re emotional about our money. That is why many people make a simple mistake when it comes to investing: they buy too little or too much and accumulate bad investments that do not work for them. You need an objective, experienced third-party to offer you unbiased guidance.

A good wealth can do more for you than just save your money. They can help you invest in options that work for you based on your goals, risk, timeframe, etc. Don’t mistake a bank salesperson for a wealth coach. 

A Cube wealth coach

  • Listens to your investment needs
  • Helps you understand your risk profile
  • Recommends investment options that can work for you

#6. Pay Attention To Taxes

Reducing your tax liabilities can help you grow your money. Know exactly how much tax you are supposed to pay. But don’t invest in tax saving options before you analyze all your options. Speak to a financial advisor or a wealth coach to plan your tax investments accordingly.

#7. Generate Passive Income

Start a business, invent a piece of technology, or work hard over a concentrated period of time to invest in assets that can generate wealth for you steadily over time. Sounds good, right? That is exactly what it means to generate passive income. 

Some popular best passive income generating channels are:

  1. Rental Income
  2. Mutual Funds
  3. Stocks
  4. P2P lending
  5. A Successful a business
  6. Patented technology

How Cube Wealth Can Help You Create Wealth

The Cube Wealth app gives you access to professional wealth advisors who have been in the game for decades. These wealth advisors were only available to HNIs a few years ago. But not anymore!

You can download the Cube Wealth app today to invest in: 

  • Curated mutual funds with advice from Wealth First who have a historical track record of beating the market by ~50%.
  • Indian Stocks with advice from Purnartha
  • US Stocks with advice from award-winning RIA, Rick Holbrook, who manages assets worth~$130 million for HNIs.
  • P2P lending with Faircent & LiquiLoans, the leading P2P platforms in India.
Investment tips
Tips to get rich slowly

Priya Bansal
Curious about personal finance and all things money. Can either find me reading a book or dancing to a tune.

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