7R of making money

What a powerful concept and easily understandable. 7R of making money..

Remuneration
Rate
Replication
Royalty
Rights
Rent
Return

https://youtu.be/E8xFo5lZGDA

Do go through it.. the link is above.

Calculate as robert kiosaki asks.. whats your passive to active ratio...

More to come on this.. and my journey on starting in this area..

Its not easy to build pipelines... but its worth it.

Insurance is subject to the advisor making hordes of money

Yes, it's true insurance is not subject to market risks but is subject to the advisor making 40% on your account.

Why should we allow this to happen? I mean , the advisor completely forgets me as soon as I write the check to him/ her and for as long as I continue to renew- he continues to make money on my hard earned money!!

Quite unfair ... No very unfair.

This is why I like the company which gives me back the money they give to advisors .. As long as I renew..

Simple isn't it.. And it hardly take like 5 mins to join and no fees to pay.

Come join me

Simplefinancialsense

Owning your own insurance company

What if you had the opportunity to be your own insurance broker and earn all the money that the broker makes off you - would you be interested? What if i told you that you can make 25% on the premium that hyou pay for your car, or for the life insurance thath you buy from the nearby broker??

Yes, looks like i have gotten your attention.

Today, with rising prices , it is important for people to reducej the spends to ensure they save as much as they saved before . Such reduction can only happen if one takes the initiative with LOW RISK.

Its true. One can become ones own insurance company thanks to the multitude of opportunites that are now available with direct marketing companies.

Why give money to someone else??

Its an interesting revenue stream.. If you are interested- send me an email

Simplefinancialsense

Are you paying for the grocers new car

Have you ever thought about the fact that your friendly grocer is buying his mercedes from the money in your pocket.

A study on the entire supply chain of all types of varying goods found that the manufacturer only took back 40% of the mrp , including his profits - while all other players took the balance 60% ( 10% the government takes away for service tax)

The grocer / dealer/ insurance agent takes away from 30-45% of the mrp into his pocket.

As the new age companies are trying to reduce these gaps , people are realising more and more that why should we pay the middle man?

I hate giving the biyanis , or the chemist or the nearby hardware store his new mercedes or new car or house from my hard earned money.

Because of this, direct marketing or network marketing companies have come into existence and are making more and more products available in their portfolio.

They distribute the 40% back to you- the one who buys from them directly , using a strong distributor network and new technologies .

I think this is a great way to put money back into your pocket- where it belongs

I have started on this journey and love the way it liberates me.

Join me in this journey . it definitely is smart investing!!

commercial property vs residential properties

There have been a lot of discussions about differences between residential and commercial properties and this post focusses a few points which i understand

1. There is no wealth tax on commercial properties vs if you have more than one residential property then you have to pay wealth tax

2. Appreciation of commercial properties is much higher than that of residential ones

3 location is even more important in commercial properties than residential ones

4 rents yield is also much higher in commercial bs residential

Shops, service apartments or soho are all commercial properties


It's good to evaluate commercial properties also as an investment option.

Be smart. make a balances choice.

Passive revenue- one option

Today I spent around 3 hrs with a person who has a 500 cr annual turnover and maybe earning above 3 cr a yr passive income

His qualifications also were huge- part of planning commission in India , multiple patents, and was instrumental in getting Cng into Delhi!

Yes, he is quite a personality. I learnt a new business model from him which I found very interesting and potentially very rewarding.

I think I am going to join this business and then let's see how things go forward.

If anyone interested give me a ping on my email

This will be smart investing!!

Starting something new

Sometime back ( almost a decade ago) I had started to think about starting out a second income through a passive revenue stream. However that did not work out and I got busy with office andy work which I enjoy.
However, that dream still nags me and i have decided to again focus on this.

It is important to ensure that what one does is something that we believe will work

I have found two opportunities that I have downselected and I hope over the next few years they will become a good strong passive revenue business.

If someone wants to join me in this journey they are more than welcome

Smart investing

( Don't forget to subscribe using the links on the right)

Join mginger

Its a neat site where you can earn some money by getting advertisements on your cell and with your refferrals.

come join it here.- Link

Happy Investing..

( dont forget to subscribe using the links on the right)

Taking a survey that pays

There are plenty of sites that are available which pay you for your contribution to their research process. I have been trying a few over the last few months- here is another site which works... and the surveys are quite a few- which helps in getting a nice bundle.

Here is the link... go ahead try it out.

LINK

Happy investing.

Some previous posts

http://simplefinancialsense.blogspot.com/2011/02/generating-wealth-stock-options.html
http://simplefinancialsense.blogspot.com/2011/01/finally-adsense-on-my-blog.html
http://simplefinancialsense.blogspot.com/2010/10/making-money-taking-surveys.html
http://simplefinancialsense.blogspot.com/2010/10/earn-free-5000-rs.html

Making money taking surveys

Finally, I have found a link which does make some money :).

The company - X- is a company which is wholly into survey's and for every survey that you complete, you  get reward points. And once you have accumulated enough reward points you can convert those reward points into money.

Usually a lot of these survey sites have issues, with no regular surveys coming out and the no of points that one can make being small.

Earn Free 5000 Rs

I have been trying out a few survey sites over the past few months and i am pleased to report that i have found one which can be useful to you my readers and i am giving this information out to you for free!! I dont get any referral fees , but i can assure you that the company has been giving me a few surveys a month- usually around 4$ a survey which comes into my paypal account. Convert 4$ into Rupees, its not a bad amount to go after!

To avail of this , one needs to have a paypal account which you can create quite easily at http://www.paypal.com/ . Of course, when you take the money out into your bank, it will be deemed as income and taxable, so ensure you do track the amounts.

so go ahead, join http://esearch.com/ and start making some money!!


Happy investing
( Dont forget to subscribe using the links on the right)

Our Hourly Rate

A friend of mine a few days ago spoke to me about my hourly rate-- he said... Rajneesh -- " It doesnt matter how much you earn -- but what your hourly rate is".

That got me thinking about writing a post on this.

Why is it important? Its important because it talks about what our worth actually is and helps us balance our lives. Life is not all about working -- but working enough to be able to spend some quality time with families.

So how do we calculate our hourly rate.

Hourly Rate = (Income earned/ No of hours spent for getting the Income)

as an example if there are two people A and B

                                                   A                                             B
Income  per week                    5000                                        4000
Time spent per day                     60                                           48
Hourly Rate                               83.3                                         83.3


So with 25% Higher salary--- our Hourly rates for both A and B remain the same.

In the time that we save-- ie B--- one can spend quality time with family, take care of health, further a hobby, do some charity work... anything which furthers one's goals.

In the above example... even if both A and B were earning the same...


                                                   A                                        B

Income per week                      5000                                 5000
Time spent per day                      60                                     48
Hourly Rate                             83.3                                  104


there is a HUGE difference in their Hourly Rates. Person B is definately doing a lot better.


Its a great concept to understand and utilize well.... the foundation of why people focus on developing Passive Income


.a good corollary to the adage of "working smart vs working hard"


Whats your Hourly Rate?

Passive Income 1 -- What does it mean

(I am going to write a few articles on Passive Income -- this is the first part of a multi series blog.)

I started to understand the meaning of passive income when i read "Rich Dad Poor Dad" the best seller by Robert Kiyosaki. After having read that book i have read many of the Rich Dad series-- and to be honest -- I liked them a lot. If you havent read them already-- please do-- I highly recommend it.

Passive Income is defined as Income which you will continue to receive even if you do not do any work. Your job, your bussiness doesn't generate Passive income.

The test of understanding passive income is to ask-- if you stopped working or going to office-- will you still get income?

If the answer is NO-- then it is "Active Income".

If Yes-- then it is "Passive Income".

Some good examples of Passive Income are--
- Royalties from writing books, songs,
- Income coming from rental-- continously
- Income from Network Marketing firms-- Amway, Tupperware
- Income from sale of an Insurance Policy
- Income from creating a Network --- any type of Network.

I hope this makes things clearer.

The areas where I am planning to try my hand at generating Passive Income is
-- Income from creating a Network.

more to come as i delve into this deeper.

( if you like this post-- please leave a comment)