The MoneyPlant

How to get Passive income..   Passive income is money you earn that doesn’t require you to do a lot of “active” work to continue making it. In essence, you can do most of the work upfront and put some additional effort along the way to earn an income. Passive income can be a great way to help you generate extra cash flow, and the economic upheaval largely caused by the  COVID-19 crisis  is a testament to the value of having multiple streams of income.   Let us discuss how we can add those extra bucks to pocket. Here are some ideas.. ·          Use your primary skill set for some extra time apart from your job for personal earnings.ie you can be a tutor for whatever you know the best. Courses can be distributed and sold through sites such as  Udemy ,  SkillShare  and  Coursera . ·          Convert your hobby to a profession. If you are an artist ,try selling y...

     The word ' Retirement ' may click relaxed life, no 9 to 5 struggle & enhanced social life to many minds. Yes ..It's true but there is other side to the coin as well. That is, no fixed income, increased medical expenses & a bug of Inflation eating the value of existing corpus. The proper steps taken at early age to create a sufficient corpus which will fund all the financial needs till death is a  Retirement Planning process. There are practically two stages in later life. Following are the typical goals with expected financial actions. Now the major task is to decide the required Retirement corpus. 1.Estamte monthly household expenses. Add yearly expenses like House Tax, Insurance etc.   2.Consider the average inflation to be 6% 3.Calculate the Future Value of expenses. 4. An extra 5 – 10% of the estimated expense can be added to it as a precaution. 5. Apart from your living expenses, it is highly recommended for retired individuals to hold Hea...

       Marriage is the happiest event in each one's life. But that is not the end; instead it is a beginning of a long journey. This is the time where one needs to foresee responsibilities with financial planning. To help start the process, ask yourself these questions -  Typical goals will be - Stage -I Stage - II  Guidelines  to achieve..                    1. Add Nominee to all existing financial instruments like Bank accounts   Investments etc                   2.Get adequate Life & Medical  Insurance for you & your spouse.                   3. Do the Tax Planning. ELSS MFs are the best options for Tax saving.                   4. Refer to our Blog Sowing the MoneyPlant for percentage asset allocations to  each class.       ...

                                    Various investment avenues exist to help you invest your savings and earn the highest possible returns with the lowest potential risk. These are broadly categorized as asset classes and some examples include, but are not limited to, cash and cash equivalents, bonds, derivatives, equities, real estate, gold, commodities, and alternative investments. Let us understand in details about each one. 1.Fixed-income asset class: One of the most popular investment options among Indians, the fixed income asset class is one of the oldest forms of investment. It includes corporate and government bonds, corporate debt securities, money market instruments, etc. Such asset class typically invest in debt securities that endeavor to pay investors interest until maturity 2.Equity asset class: Equity or stock are shares of ownership issued by companies. Equity...

       The Indian stock market traces its history back to the late 18th century when the trading floor was under the shade of a sprawling banyan tree opposite the Town Hall in Mumbai. A few people would meet under this tree to informally trade in cotton. This was mainly due to the fact that Mumbai was a busy trading port and essential commodities were traded here often.      The Companies Act was introduced in 1850 following which investors started showing an interest in corporate securities. The concept of limited liability also put in an appearance around this time. By 1875, an organization known as ‘The Native Share and Stock Broker’s Association’ came into being. This was the predecessor of the BSE .      In 1894, the Ahmedabad Stock Exchange came into being primarily with the objective of enabling dealing in the shares of textile mills in the city. The Calcutta Stock Exchange was formed in 1908 with the intention of facilitating a m...