Suppose, a person earns an income of Rs.35,000 per month. The question is, can he build a crore portfolio from his income streams? The short answer is ‘yes.’ Is it difficult? Yes, but with some rules and discipline the end result is easily achievable. So, a person who is ready for this journey, even with…
Think and Grow Rich by Napoleon Hill is not just a book; for me, it is a thorough guide of endless possibilities. Published in 1937, it defied the despair of the Great Depression with a revolutionary idea: the power of the human mind to transform dreams into reality. In this compact introduction, we’ll embark on…
The source of income of rich people may surprise you. From investment income to successful entrepreneurship, there are many ways that the wealthy build their fortunes. Let’s explore the sources of income of rich people and get insight into their investment philosophy and more. The ultra-rich, often regarded as the top 1% of society, enjoy…
![Wealth Building: How To Build Wealth in 30s [Wealth Formula]](https://ourwealthinsights.com/wp-content/uploads/2010/07/Wealth-Building-Image.png)
There can be a formula for wealth building. If you are interested to know about how to build wealth then you just need to follow this formula. Who can use this formula? Anyone can use it. But people who are in 30s can benefit most out of it. Why? Because they are ones who have…
Mostly it is the business men who become richer than others. But how can a salaried person become rich? Smart business men tend to become rich more frequently than salaried people. Yes, the keyword to become rich is “smart”. One need to handle ones paycheck (income) smartly. Smart and rich business men tend to handle their…
The concept of pay yourself first has tremendous powers of making one financially independent. How? At least, it builds a strong foundation for it. “Pay yourself first” was a phrase which was first used in a book called The Richest Man in Babylon. But this simple statement has been converted into a profound personal finance rule…
We know how gold is an investment vehicle. But what is e-gold? All over the world the commodity market is dominated by precious metals like Gold and Silver. In India in year 2010, National Spot Exchange introduced E-Gold. The biggest benefit of E-Gold is that it allows investors to invest in gold with much lower…
Is is possible for a common man to become crorepati in India? Honestly speaking its not easy. But is there a way out? Generally we associate only big movie starts, politicians, cricketers & businessmen with the word crorepati. But the question here is, can a common man like you and me become crorepati? I know…
How difficult it was for people to understand the EPF withdrawal process? In good old days, EPF withdrawal process was known only to the employer. Hence it was not uncommon to find ex-employees being harassed by the employers for their EPF withdrawals. But the cases of harassment was a smaller problem. The bigger issue was…
REIT is an acronym for Real Estate Investment Trust. REIT is basically a company which develops and own ‘income producing’ real estate properties. IPO of India’s first REIT was launched on 18-Mar’19. Shares of Indian REIT started trading from 01st April’19 in Bombay Stock Exchange. In the 3Q ending 31-Dec’2019, Embassy REIT has posted a…
How to invest 10 lakh rupees in India? We are dealing with a big lump-sum amount here. Hence, it is better to proceed with caution. Idea should be to generate the ‘expected returns‘ with a “reasonable risk of loss” associated with it. It is important to understand the following concepts before proceeding: Expected Returns: Example:…
Is there a way one can generate alternative source of income without killing self? Yes, there is a way. Start thinking about passive income.
