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DIFFERENT TYPES OF INVESTING

DIFFERENT TYPES OF INVESTING

 DIVIDEND INVESTING

 CREATE INCOME AND REINVESTINGIT TO MAKE MORE OVER TIME.

BUY AND HOLD INVESTING

INVESTING IN COMPANIES WITH VALUETO GROW YOUR MONEY OVER TIME

TREND INVESTING

INVESTING IN STOCK OR SECTOR TRENDSTO CATCH THE BIG WAVES.

 

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HOW TO INVEST BY AGE

HOW TO INVEST BY AGE
20-30
STOCKS 70%
BONDS 15%
R ESTATE 10%
CASH 5%
30- 50
STOCKS 65%
BONDS 20%
R ESTATE 10%
CASH 5%
50- 60
STOCKS 55%
BONDS 27.5%
R ESTATE 12.5%
CASH 5%
60+
STOCKS 40%
BONDS 35%
R ESTATE 15%
CASH 10%

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NEW ITR FORMS FOR AY 2020-2021

NEW INCOME TAX RETURN FORMS

ITR 1

FOR INDIVIDUAL
  • ·        SALARY INCOME, ONE HOUSE PROPERTY
  • ·        OTHER SOURCE
(TOTAL INCOME upto RS.50LAKH)

THIS FORM IS FOR INDIVIDUALS AND HUF’s NOT HAVING INCOME FROM PROFITS AND GAIN OF BUSINESS OR PROFESSION.

FOR INDIVIDUALS AND HUF’s  HAVING INCOME FROM PROFITS AND GAIN OF BUSINESS OR PROFESSION.

ITR 4
FOR INDIVIDUAL AND HUF’s WITH PRESUMPTIVE INCOME FROM BUSINESS OR PROFESSION.

ITR 5
FOR PERSONS OTHER THAN (1)INDIVIDUALS, (2)HUF, (3)COMPANY AND (4)PERSON FILING FORM IRT-7.

ITR 6
FOR COMPANIES OTHER THAN COMPANIES CLAIMING EXEMPTION UNDER SECTION 11.

ITR 7
FOR PERSONS INCLUDING COMPANIES REQUIRED TO FURNISH RETURN UNDER SECTIONS 139(4A) OR 139(4B) OR 139(4C) OR 139(4D) ONLY.

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HOW TO USE A BUDGET

HOW TO USE A BUDGET

USE EXCEL OR GOOGLE SHEETS

 SEPARATE YOUR INCOME AND EXPENSES

 COMPARE TOTAL MONEY IN WITH MONEY OUT 

FIND LEFTOVER MONEY NOT PAYING EXPENSES

 TRACK EVERY SINGLE PURCHASE YOU MAKE

DETERMINE WHERE YOU ARE WASTING MONEY

 MONITOR AND SEE EXACTLY HOW MUCH YOU ARE WASTING

TRY HARDER TO SAVE AND NOT SPEND LEFTOVERS

 IMPROVE EACH MONTH AND WATCH YOUR SAVED MONEY INCREASE.

 

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BECOME A MILLIONAIRE AT 30 BY DOING THESE 8 THINGS

BECOME A MILLIONAIRE AT 30 BY DOING THESE 8 THINGS

FOCUS ON EARNING

THE FIRST STEP IS FOCUS ON INCREASING YOUR INCOME IN INCREMENTS & REPEATING THAT.
EXAMPLE: ASK FOR RAISE & START A SIDE HUSTLE.

DEVELOP MULTIPLE STREAMS OF INCOME
65% OF MILLIONAIRES IN THOMAS CORLEY’S
STUDY HAS AT LEAST 3 STREAMS.
EXAMPLE: REAL ESTATE, INDEX FUNDS, & BUSINESS OWNER.

SAVE TO INVEST, DON’T JUST SAVE
BY INVESTING YOUR “SAVED” MONEY, YOU LIVE BELOW YOUR MEANS & FOCUS ON INCREASING YOUR INCOME.
EXAMPLE: MAKE AUTOMATIC (WHEN PAID) TRANSFERS INTO AN  S&P 500 INDEX FUND.

CHANGE YOUR MINDSET ON MONEY
GETTING RICH BEGINS WITH THE WAY YOU THINK & WHAT YOU KNOW ABOUT MAKING MONEY.
EXAMPLE: RICH PEOPLE KNOW MAKING MONEY IS AN INSIDE JOB, SO KEEP LEARNING.

INVEST IN YOURSELF
WEALTHY PEOPLE ARE VORACIOUS READERS. WARREN BUFFETT DEDICATES 80% OF BIS WORKING DAY TO READING.
EXAMPLE: READ, TAKE COURSES, HIRE A COACH & EXERCISE.

DITCH THE STEADY PAYCHECK
KEEPING JUST A STEADY PAYCHECK & YEARLY PAY RAISES IS THE SLOWEST PATH TO PROSPERIT.
EXAMPLE: WHILE WORKING 9-5, CREATE A BUSINESS, BECOME A BUSINESS PARTNER, INVEST & DIVERSIFY YOUR MONEY.

SET & VISUALIZE COMPLETING GOALS
CREATE A CLEAR GOAL & THEN A SPECIFIC PLAN FOR HOW TO ACHIEVE THAT GOAL.
EXAMPLE: COMMIT TO ATTAINING WEALTH BY WRITING DOWN & VISUALIZING YOUR GOALS.

SHOOT FOR $ 10 M, NOT $ 1M
GRANT CARDONE SAID,”THE SINGLE BIGGEST FINANCIAL MISTAKE I’VE MADE WAS NOT THINKING BIG ENOUGH.”
EXAMPLE: WHATEVER YOUR GOALS IS, INCREASE THEM 10x AS YOUR “ STRETCH GOAL”. PUSHING YOU TO WORK EVEN HARDER.
 

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BEST AND SIMPLE WAYS TO MAKE MONEY WHILE SLEEPING

BEST AND SIMPLE WAYS TO MAKE MONEY WHILE SLEEPING

OWN RENTAL PROPERTIES
         A property from which the owner receives payment from the occupant(s), known as tenants, in return for occupying or using the property. Rental properties may be either residential or commercial. The owner of rental property may be allowed to take certain tax deductions such as mortgage interest and depreciation.

DO AFFILIATE MARKETING
Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. 

 

PEER TO PEER LENDING
Peer-to-peer (P2P) lending enables individuals to obtain loans directly from other individuals, cutting out the financial institution as the middleman.

INVEST IN DIVIDEND STOCKS
A stock dividend is a proportionate distribution of additional shares of a company’s stock to owners of the common stock. In other words, you will receive additional shares of stock when a company declares a stock dividend, in contrast to a cash dividend.

SELL E-BOOKS/COURSE
Choose a popular topic for your eBook. Write your eBook to a high standard. Choose the best-value publishing platform for you. Develop a marketing strategy for your eBook. Enter your eBook into writing competitions. Publish a series of eBooks.

RUN VENDING MACHINES
Most vending machines earn less than $5 per week. However, a well-placed vending machine can earn far more than that, potentially exceeding $100 per week or even hundreds of dollars per day. Vending machine earnings vary widely based on many different variables.

 CREATE AN APP

Over 18% of android app developers earn over $5,000 per month, and the same amount is earned by 25% of iOS app developers. Video game apps are making money in millions. Now, the growing market of smart TVs and the emerging market in smart watches will expand the app business in the coming years.

SELL STOCK PHOTOS

In general, stock photos earn approximately 25-45 cents per image, per month. This obviously depends on many factors, including how many agencies you upload to, your skill in key wording, and the uniqueness of the images.

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DON’T QUIT YOUR JOB UNTIL

DON’T QUIT YOUR JOB UNTIL
 

YOUR SIDE INCOME IS DOUBLEYOUR MONTHLY EXPENSES.

 YOU ARE SKILLED ENOUGH TO MAKE A SIDE   BUSINESS YOUR MAIN BUSINESS.
 YOUR EMERGENCY FUND COVERS 6 MONTHS OF EXPENSES.
 YOU ARE ACTUALLY DETERMINED AND FOCUSED ENOUGH TO SUCCEED.
 YOU ARE READY TO WORK 12+ HOURS PER DAY.


The world has slowed so you can  rediscover yourself

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Side Hustles You Can Start Now

Side Hustles You Can Start Now


Web development

Web development is the work involved in developing a website for the Internet (World Wide Web) or an intranet (a private network). … Among web professionals, “web development” usually refers to the main non-design aspects of building websites: writing markup and coding.




Start a blog

A blog (shortening of “weblog”) is an online journal or informational website displaying information in the reverse chronological order, with the latest posts appearing first. It is a platform where a writer or even a group of writers share their views on an individual subject.
 

Instagram marketing


Digital marketing is the component of marketing that utilizes internet and online based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services. 



Photography 

            

The art or practice of taking and processing photographs.



Remote tutor

Online tutoring is the process of tutoring in an online, virtual, or networked, environment, in which teachers and learners participate from separate physical locations. Aside from space, literature also states that participants can be separated by time.


Pod casting

Podcasting is a free service that allows Internet users to pull audio files (typically MP3s) from a podcasting Web site to listen to on their computers or personal digital audio players. The term comes from a combination of the words iPod (a personal digital audio player made by Apple) and broadcasting.


Sell on Etsy

Etsy is a unique marketplace. Buyers come here to purchase items that they might not find anywhere else. Everything listed for sale on Etsy must be handmade, vintage or a craft supply.

Drive for Uber/Ola

Uber is a platform where those who drive and deliver can connect with riders, eaters, and restaurants.


Write e book

An eBook is an electronic version of a traditional print book that can be read by using a personal computer or by using an eBook reader.

Affiliate marketing
 

Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make. 

Travel consultant

Determining clients’ needs and suggesting suitable travel packages. Organizing travels from beginning to end, including tickets, accommodation and transportation. Supplying travelers with pertinent information and useful travel/holiday materials.

Online coaching

online coaching involves a tool such as Skype, Adobe Connect, Google hangout, GoToMeeting or others. It also involves two (or more) people who have a common interest- working through challenging situations or unsatisfactory results in their lives or work.