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BeatStarsย โขย 1y
Ankur Warikoo and other finfuencer won't say you This! They just keep explaining COMPOUNDING COMPOUNDING AND COMPOUNDING. They say invest in your 20s and see magic of compounding, no matter what's your income but rather the most important is to have a good active income and then passive income. If your salary is low and you are focusing on making passive income then you don't know how dumb you are! Make a decent active income first then passive. 4,000 will become 4L , but 1L becames 10L or more. I hope you got the point (I knowingly make growth of 4000 100x and growth of 1L 10x to make you understand how this actually works, I know many of you will be offended, for you all it's all my POV )
Hey I am on Medialย โขย 9m
If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?
Hey I am on Medialย โขย 1y
many people don't have any idea about passive income, so they suffer at the age when their active income stops. imagine if the person In a family, need amount to spend on their medical expense and people don't have active income at that time, then
See More#freelancerย โขย 8m
"๐๐ก๐ ๐๐จ๐ฐ๐๐ซ ๐จ๐ ๐๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ง๐๐จ๐ฆ๐" 1. Mindset Shift The book emphasizes changing your mindset from trading time for money to creating income streams that work for you. 2. Types of Passive Income It explores various passive inco
See MoreCHAIRMAN - BITEX IND...ย โขย 1y
People are taking FSSCI licence and make account on Zomato, swiggyy and then they are reselling food items of local street Vendors. ๐ฅ Great idea for daily passive income and most of them are making great income. Source - sudden growth in cloud kit
See More#freelancerย โขย 1y
Adulting Basics 101 (Finance): Income โข Active โ $ in from active work (salary/wages) โข Passive โ $ in with little effort (dividend/rent) โข Portfolio โ $ in from investments (stocks/bonds) โข Business โ $ in from owning a business (profits) โข Freela
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