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How to make money while sleeping

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Is it really possible to earn online? Here's how to earn money online while sleeping !  Simply put, Yes. Plus, Online Businesses help generate passive income Passive Income is the key.  Passive Income is the way to earn money online while sleeping..  Passive income is so powerful because the income is usually earned on an investment, or work completed in the past, and that continues to make money without any additional effort. That means, without your physical presence, you could also generate money and have more freedom to choose the way you work. Whether you are traveling, taking care of your family, spending time with your friends, sleeping, you can still be making passive income. One of the top digital forms of passive income is creating and selling digital courses. The demand for digital courses has been increasing dramatically in recent years. Many people have earned up to seven figures a year from this passive income stream. The following are the reasons that you can make mo

Tips for wealth creation

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Tips for WEALTH Creation !  You might think that you are young and you need not to start investment right now or you can delay it by 5 years as investment means saving for retirement. You are wrong!!! No matter what your age, now is the time to begin saving for retirement. You might focus your initial period of adulthood in getting better job and earning more money but remember that there are only 2 things which make difference in rich and poor and they are: 1.) Rich spend less than they earn 2.) Rich save money as much as he can and invest the same in high return products. Many people in young age completely neglect the power of saving and then investing it. Even if some save, they keep the money in bank only or do FD. Probably they think its the best they can do with their money. Today I will show you how your small investment can be turned into great value by the power of compound interest. The Power of Compounding: One simple truth about compounding is that it takes tim

50-30-20 Rule of Money

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What is the 50-30-20 rule for financial planning? Following a 50-30-20 rule is considered an ideal step of financial planning. It refers to allocating your total income into a percentage of 50-30-20. · Where 50% of your income should be spent on your needs and necessities. It includes daily household expenses, medical expenses, food and monthly outflows like rent, fuel and groceries. · 30% of your income can be spent on your wants. This includes eating out, entertainment expenses, shopping, travelling, etc. · The rest 20% should be allocated to your savings and investments that help you fulfill your financial goals. What is the 50/30/20 rule of money ? The 50/30/20 rule is an easy budgeting method that can help you to manage your money effectively, in a simple and sustainable way. The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50 percent of the earnings after-tax should be used towards necessities. 30 percent of the money should be s

How hard is to become a Millionaire !

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It is exceptionally difficult to become a millionaire even if one million dollars is worth 9x less now than 50 years ago due to inflation. If it were easy to become a millionaire, would anyone really be asking this question on Quora constantly? When this question is asked, a few things in context can be assumed: You’re not asking about how to save and invest your way to a million dollars over a period of 45+ years with a consistent 7% annual return. You’re referring to one million in US dollar value, not Indian rupees.  You’re referring to cash in the bank and not simply declaring a random painting or house you own to be worth one million dollars Your family aren’t already billionaires or millionaires with powerful business or political connections and influence. You don’t already have even ten thousand dollars in the bank as your starting budget to start a business. Here are the preps :- This is the inconvenient truth of the grim reality I’ve discovered: There is no get ri

List of Best Books on Finance

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Best Books on Financial Education (Books I’ve read or am currently working on) The Richest Man in Babylon - by George S. Clason. Quick read, timeless advice. The Millionaire Next Door - by Thomas Stanley. Great analysis from studies of hundreds of America’s millionaires. You’ll be surprised at how “normal” most of these millionaires are. Think and Grow Rich - by Napoleon Hill. Hill was commissioned to write this book by the great Andrew Carnegie. It delivers and is quoted widely for the insights on how to become and stay wealthy. Proverbs - The Bible (by Solomon?). You’d be surprised how much great financial advice is in this book of wise sayings that’s over 2 millennia old. Money Mindset : Use these books to think correctly about money Rich Dad, Poor Dad - by Robert Kiyosaki. This book will overturn a lot of the money myths you may believe. Think and Grow Rich - by Napoleon Hill Frameworks : Use these to develop a simple framework to build wealth The Total Money Makeover - by Dave Ram

The Salient Feature of Wealth Creation

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What is the most salient feature of Wealth In response to the question: "Sir, how can any nation become an engine of wealth creation? Please answer me in detail this concept of wealth creation on an individual basis too, it is very interesting. I want to become rich like Mark Zuckerberg." If we learn and make learning a lifelong obsession, our nation will be rich and we will be rich; it is the knowledge and skill of a human being’s attitude to apply new knowledge on their own.  In the new economy, opening doors to people of wisdom and creativity helped the vast creation of wealth, not slamming them shut. There is a reason that many commodity-rich nations have only one kind of wealth - money, but money is a consumable commodity, it finishes or devalues; it is knowledge which is the real currency in today's age. Since the oil/commodity rich nations lack the knowledge, they are stuck at the lower level of human capital development. A key source of wealth creation