What's the best 100,000 USD to INR exchange rate today?
How can I convert 100,000 USD to INR with Revolut?
Are there any limits for exchanging USD to INR?
I saw a couple of investment compounding "magic" videos from western countries that show charlie munger etc saying 100k is the first basic corpus you need and you have to do anything to acquire it, invest it and from there on onwards compounding kicks in.
If we consider PPP, it would be 24 lakhs in India
If we consider raw exchange rate it would be ~83 lakhs in India
Is it true? or should Indians consider golden number as 1 CR in India?
According to most of the finance channels on YouTube and even Charlie Munger, they say wealth building really takes off after you've saved/invested your first 100,000 dollars. To all Indian investors out there, what do you feel is the equivalent value in INR?
Edit: Sorry should have clarified: I don't mean the amount at which you'll be financially independent, but the minimum amount where the snowball effect starts kicking in, and the investment beats inflation and generating decent returns.