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WHEN YOU WILL HAVE FINANCIAL SECURITY ?

 

DO YOU KNOW ?

WHEN YOU WILL HAVE FINANCIAL SECURITY?

FIRST YOU HAVE TO UNDERSTAND THERE ARE TWO TYPES OF INCOME

1 ACTIVE INCOME

2 PASSIVE INCOME

ACTIVE INCOME

 

THE INCOME YOU RECEIVE AFTER PERFORMING A SERVICE FOR OTHER

HERE YOUR INCOMING MONEY DEPENDS ON NUMBER OF HOURS YOU WORK.

PASSIVE INCOME

 THE INCOME YOU RECEIVE FROM YOUR INVESTMENTS.

HERE YOUR INCOMING MONEY DEPENDS ON YOUR INVESTMENTS LIKE STOCKS, BONDS, RENTAL PROPERTY, BUSINESS ETC.

WHAT IS FINANCIAL SECURITY?

THE STAGE WHEN YOU ARE NOT DEPENDENT ON YOUR ACTIVE INCOME.

WHEN YOU ARE INDEPENDENT OF YOUR ACTIVE INCOME?

WHEN YOUR PASSIVE INCOME STARTS FILLING YOUR MONTHLY EXPANSES.

WHAT THIS MEAN?

THE RETURNS YOU EARNED FROM INVESTMENTS LIKE STOCKS, REAL ESTATES, GOLD ETC. ARE GREATER THEN YOUR MONTHLY EXPENSES.

EXAMPLE:

MONTHLY EXPENSES: RS 25,000

YEARLY EXPENSES: RS 3 LAKHS

YOUR INVESTMENT PORTFOLIO: RS 50 LAKHS

AVERAGE RETURN PER YEAR: 10%

INCOME FROM INVESTMENTS PER YEAR: RS 5 LAKHS

5 LAKHS > 3 LAKHS

IN SUCH CONDITION YOU HAVE FINANCIAL SECURITY.

 THE MORE YOU INVEST TODAY WITH PROPER KNOWLEDGE, THE MORE YOU WILL BE FREE TOMORROW.

 

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TIPS TO HELP YOUR FINANCIAL GOALS FOR 2020

TIPS TO HELP YOUR FINANCIAL GOALS FOR 2020

 

BUILD AN EMERGENCY FUND OF 10K

“Your emergency fund is not an investment, it’s insurance with one purpose – to protect you and your family.”

SAVE 20% OF YOUR INCOME PER MONTH

            “Not wasting money is the best way to save money”.


 

READ 10 BOOKS ABOUT FINANCE

“When money realizes that it is in good hands, it wants to 
stay and multiply in those hands.”

INVEST IN A STOCK PORTFOLIO
 “Risk comes from not knowing what you’re doing.”

 FIND A NEW SIDE HUSTLE

“Good things happen to those who hustle.” 



TRACK YOUR FINANCES

 
“Beware of little expenses“.


PAY OFF BAD DEBT

     “That’ll Make You Want to Cut Up Your Credit Cards”.

LEARN A NEW SKILL
 
“The beautiful thing about learning is that nobody can take it away from you.” 

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8 BEST AND AMAZING APPS FOR ENTREPRENEUR

BEST AND AMAZING APPS FOR ENTREPRENEUR

Castbox is the leading global spoken audio platform pioneering in-audio search to deliver contextual recommendations for listeners of podcasts, on-demand radio, and audio books.
Quora is an American question-and-answer website where questions are asked, answered, followed, and edited by Internet users, either factually or in the form of opinions. Quora is a place to gain and share knowledge. It’s a platform to ask questions and connect with people who contribute unique insights and quality answers.
Slack is essentially a chat room for your whole company, designed to replace email as your primary method of communication and sharing. Its workspaces allow you to organize communications by channels for group discussions and allows for private messages to share information, files, and more all in one place. Slack Freemium subscription model. It generates revenue primarily from paid subscriptions. Those subscriptions are paid either on a monthly or annual basis, based on the number of users a company has on Slack.
Trello is, at its core, an online corkboard. You use it to organize “cards” into lists—those cards can be tasks, notes, projects, shared files, or anything else that helps your team work together.
LastPass is a freemium password manager that stores encrypted passwords online. The standard version of LastPass comes with a web interface, but also includes plugins for various web browsers and apps for many smartphones. It also includes support for bookmarklets.
Evernote is an app designed for note taking, organizing, task management, and archiving. It is developed by the Evernote Corporation, headquartered in Redwood City, California. The app allows users to create notes, which can be text, drawings, photographs, or saved web content.  
Adobe Photoshop is a critical tool for designers, web developers, graphic artists, photographers, and creative professionals. It is widely used for image editing, retouching, creating image compositions, website mockups, and adding affects. Digital or scanned images can be edited for use online or in-print.
Buffer is a software application for the web and mobile, designed to manage accountsin social networks, by providing the means for a user to schedule posts to Twitter, Facebook, Instagram, Instagram Stories, Pinterest, and LinkedIn, as well as analyze their results and engage with their community.Buffer is a new and smarter way to share what you want to share on Social Media.  Posts in your queue will be sent out automatically by Buffer, according to the posting schedule that you put in place.

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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. 
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Things You can do to Improve Your Income

Things You can do to Improve Your Income

 Revenue, Business, Growth, Profit

 

If you ask several people if they would like to increase their current income the majority would respond positively to this question. Thankfully, we live in a digital world where people can find plenty of secondary sources of income.
Think of apps for example. There are apps for everything nowadays, from payment apps to apps for exercise, cooking recipes and even automotive apps that save you money. The developers of those payment get paid every time someone downloads their payment apps.

However, most people aren’t developers but this can’t stop them when it comes to increasing their income. Here are a few tips in that regard:

Teach a Language Online

In today’s multicultural world it’s common for people to speak more than one language. This gives them an opportunity to increase their income. There are plenty of teaching platforms online that give people this opportunity. If you speak more than one language then you can set up an account at one of these platforms and start teaching.
Moreover, if you know only one language you can still give online teaching a go. For example, if you’re a native English speaker you’ll be happy to know that most English teaching websites will welcome you with open arms

Assorted Cloth Lot


Sell Your Old Things

Everyone has some things that they would like to get rid of. If you have some old books, clothes, toys or an old piece of furniture then chances are that you could get some money for them. If toys are the items in question you could sell them to your local kindergarten.
Moreover, if you have a good comic book collection you might find someone online to sell it for good money. Also, having a garage sale is a good way to get rid of that old stuff and increase your income.

 Man Holding Orange Electric Grass Cutter on Lawn

Do Some Chores

There are plenty of busy people in every town or city and you could make some money if you help them with their chores. As they’re super busy they won’t time to wash their clothes, iron them, clean up their apartment, mow the lawn, wash the dishes and other simple stuff.
For a price, you could help them out and use that service as your second source of income. Furthermore, older people probably need a similar type of help so you can put them on your list of clients.

Top View Photo of Two Person's Hands Weaving 


Use Your Hobbies to Your Advantage
 
You can use some things that you do in your free time to earn some extra money. For example, if you’re good at writing you can find freelance websites that will connect you with a company that needs a good content writer.
If writing isn’t your thing then you can try other stuff. If you’re pretty good at exercising then you could become a personal coach to a client. What you should do is make the hobbies your hobbies work to your advantage and you’ll have a higher income.

 Photo Of Laptop On White Table



 Virtual assistant

People only have so many hours in the day, and they have to assign value to their time. Is it cheaper to pay someone else to do things like return emails, schedule appointments, invoice customers, dispute charges on their credit cards or to do it themselves?
If their time is valued at $100 an hour and they can pay a virtual assistant $20 an hour to do them, then the choice is obvious. It makes sense to outsource those tasks. You can find these kinds of jobs on freelancing sites.
You and your employer don’t have to be in the same place. Some VA’s never even talk to their boss on the phone; everything is done via email or texting.

Real World Assistant

Real world assistants do all the same kind of tasks a virtual assistant does, but you are working in the same place. You can find these jobs in all of the traditional job finding places but if you are aware of some entrepreneurial people in your city and you can somehow wrangle a meeting, pitch yourself as their assistant.

This is a good strategy particularly if the person is involved in an industry you are interested in. You can use your time as their assistant to learn what they know and if you’re lucky, develop a mentoring relationship with that person.

Make extra money with online surveys

Want to get paid for your opinion? Using Survey Junkie you can share your opinion to help brands deliver better products and services. After you create your profile, they will start matching you to online surveys you can take online anywhere, anytime, and on any device.
Completed surveys earn virtual points that can be redeemed for PayPal or gift cards. Survey Junkie is great for anyone who is interested in earning money from their couch.

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