How to Become Rich in India by Internet?

First of all read my Article,

How to Become Rich – FAQs

I have mentioned in the above article very clearly that the fastest way to become a Rich is, you own the Internet Business. This is because over the time, the valuations of the Internet Businesses go high exponentially and make its owners rich and ultra-rich.

Now, the question of this article is that, How you can become a Rich in India by Internet? Well, again the answer is – By Owning the Internet Business.

You can become rich in India or anywhere else in the world by owning the Internet Business. Here are the Examples of the Internet Businesses.

- Blog Business (Take the Example of this Blog)
- Discussion Forums
- Website Business
- Facebook Applications
- iPhone Applications
- Affiliate Marketing
- eBay Store

All of the above Internet Businesses have the potential to make you very rich in India or elsewhere in the world. Take the Example of myself. Just 2 years back in March 2008, I did not have anything. But after that I started my own Blog Business (This Blog) and start providing financial education to the people around the world and after that I never looked back. And today I am making lots of money from my Blog every month.

There are lots of money making opportunity online. You will have to surf the Internet and find out these Money Making Opportunities online to make money and get rich. I know several internet entrepreneurs around the world who became rich by doing the internet business.

How to Become Rich at Young Age with Investments?

Few months back, I posted the Article,

How to Become Rich at Young Age?

In the above article, I mentioned that You can become rich by 2 things. One is by starting your own business and the other is by doing Investments. Now, the topic of this article is that, How you can become a rich at young age with Investments?

Well, in the long run, anyone who does the wise Investments can become rich. But here the question is – How you can become rich at young age by doing Investments? Well, in that case there is one option. And that is,

You can become rich at young age by investing in your own Business, working hard on your business for at least five years and after that selling that entire business to the new buyer for huge profit and become rich.

I know several people around the world who became rich by the above way. These people were the Internet Entrepreneurs who started developing their own Internet Businesses from Scratch since their twenties and they worked hard on their Internet Businesses for 5 full years. Many developed a portfolio of 3-5 profitable internet businesses. And later on these Entrepreneurs have sold their businesses for huge profits to the multi-million dollar dot com companies and became multi-millionaires in their twenties and early thirties.

These people became rich in their young age because they invested their time, money and efforts to develop their own businesses and later on sold their businesses for huge profits and became rich in the young age.

So Start investing in your own Business and become rich in your young age.

How to Become a Billionaire in Indian Stock Market?

Many readers ask me this question. Rakesh Jhunjhunwala is the Indian Billionaire who started investing in the stock market with the start-up capital of Rs.5000 in 1985 when the Sensex was just 200. And today in 2010, he is the Forbes Billionaire.

And by seeing this staggering success of Jhunjhunwala, people ask me the above question. Well, Here is a Complete List of 49 Indian Billionaires.

The Indian Billionaires – Richest People of India

Now, have you ever think that what is the similarity among all of the above Billionaires? Well, all of them are the directors, chairman and Managing Directors of the publically listed companies. And most of them have promoted their own companies out of scratch and taken it to the public.

So the Secret of become a Billionaire in Indian Stock Market or anywhere in the world is – You develop your own business out of scratch, grow it for a decade and later on take that business to the public and sell the shares of your business to literally millions of people.

In fact, all of the Indian and world Billionaires have become billionaires by this way only. I mean you can not become a billionaire by buying someone else’s business’s Shares. You will have to sell the shares of your own Business to become a Billionaire.

This is the basics of becoming a Billionaire. It’s a game of creating new wealth in the economy. You can not become a billionaire only by doing investments. But you can only become a Billionaire by creating new investments (The Shares of your own Company) in the economy in which millions of people want to invest.

How to Become a Multi-millionaire as a Doctor?

Many of my doctor friends ask me this question. And my answer to this question is – Anyone can become a multi-millionaire by Doing a Business & Investments.

Business and Investments are the game of making money out of money. And if you want to become a multi-millionaire doctor than develop a business around your knowledge and skills. And keep re-investing your income in your own field of expertise.

Say for example, if you are a Cardiologist than don’t do it alone but build a team of Cardiologists which can work even without your presence. And yes, keep re-investing your money in updating the infrastructure of your hospital business. After all, it’s the investment in your own business which will pay you the best returns in the long run.

Many Doctors also invest their income in the Stocks, Bonds, Gold, Mutual Funds and private businesses. And grow wealthy. Ultimately, it is the Investment which can make your money grow and make you rich.

And that’s why it is very important to understand the basics of investments and how it works? The more you understand the investments and Business, the more richer you will grow. So focus on converting your Medical skills and experience into a Business so that it can run even without your presence.

How To be a Billionaire at Young Age?

Many Teens ask me this question. In fact, most of the teens now a days have a same question. Now, first of all the question is that, Is it possible to become a self-made billionaire at the young age means in your twenties and early thirties? And if yes, than How?

Well, the answer is of course it is possible to become a billionaire at young age. Here are the 2 great examples of young billionaires.

Mark Zuckerberg – The Founder of Facebook.com – Age 25 years (2010): Net Worth US $ 10 Billion

Larry Page and Sergey Brin- The Co-Founders of Google.com – First time became Billionaires in their early thirties in 2004 when Google went Public. : Net Worth (2010) – US $ 18 Billion

All of the above 3 examples are the examples of the young billionaires. Now, the obvious question is that how anyone in the world can become the youngest billionaire at this much of early age? Well, the answer is – By Doing the Internet Business.

All the Billionaires or wealthy people around the world who became rich and wealthy by self made in their young age have became rich by doing the Internet Business. The Internet is spread worldwide and if you want to become rich and even billionaire than start your own internet business as early as possible in your life means now.

The above billionaires had started working on their own internet businesses in their teen age and that’s why they became billionaires over the time.

How Tax Saver Mutual Funds Work?

Tax Saving Mutual Funds also known as ELSS (Equity Linked Saving Schemes) are the best way to save your tax in India under section 80C. Let us today discuss about how the tax saving mutual funds work?

Well, see. All the ELSS Funds come with 3 years of lock-in period. So any amount you invest in ELSS will be locked for Minimum 3 years and well, yes the maximum limit of money investment in the tax saving mutual funds is Rs.1 Lakh under Section 80C.

Now, suppose if you invest Rs.50,000 in PPF account, Rs.10,000 for your Life Insurance cover and Rs.40,000 in the ELSS Funds than this Total Rs.1 Lakh is tax deductible under Section 80C. Now, suppose if you invest more than Rs.1 Lakh in ELSS in any financial year than any amount above Rs.1 Lakh won’t be tax deductible under section 80C.

So in my opinion, tax saving mutual funds are the best way to save tax and grow your money. It is the only equity linked tax saving product in India. No other tax saving product in India is Equity linked. And Equity has given the highest return than any other Asset class in the long run and that’s why ELSS have proven to give highest return in the long run than any other tax saving product available in India.

Another thing I want to tell you is that only one tax saving mutual fund in your portfolio will be enough for the tax saving purpose. I know many people who have collected several ELSS in their portfolios but there is no meaning of doing this. Just 1 ELSS is more than sufficient in anyone’s portfolio.

How Surrender Value is Calculated in LIC?

First of all, let me explain you that what is the surrender value? Well, in simple words, Surrender Value means,

The surrender value is the amount receivable to you at the time of you surrendering the policy. if you surrender the policy in the first three years the surrender value is zero.

Thus, After completion of 2 years (1 year in case of Jeevan Shree plan) of your policy and 3 full years (2 years in case of Jeevan Shree plan) of premium paid to L.I.C., your policy acquires a Surrender Value.

Here is a Surrender Value Calculator

However, the best way to know your surrender value is – Ask Your LIC Agent.

Your LIC Agent is the key person who can tell you about the Surrender value of your policy exactly. No other person can tell you exactly about the surrender value of your policy.

When to Surrender your LIC Policy?

Previously the Finance Gurus were advising the people that never surrender your policy unless you there is a genuine reason. But well, that was the different time. Today, the Insurance companies are full of ULIPs, Pension Plans and Endowment Policies that advising people to surrender their policies is a routine advise (At least for me).

I have advised my several friends and readers of this blog to surrender several kind of policies such as ULIPs, Endowment Policies and Pension Plans. Thus, if you have not invested in the right policy than it is time to surrender your policy now.

How to Start Investing to Become a Billionaire?

Many readers ask me this question. In fact, this is the type of query which I receive several times a month from many readers. So I thought that I should answer this query. Well, if you want to become a Billionaire than you need to understand few facts. Here are those few facts.

You Can not become a Billionaire by doing Investments only.

You will have to create investments in which millions of people want to invest. Than and only you can become a billionaire.

In other words, You will have to create new wealth in the economy to become a Billionaire.

You will have to print your own Money to become a Billionaire (Of course Legally…!!!)

I am talking about developing a successful Business and taking that business to the public and selling the shares of that business to literally millions of people. This is the one and only way to become a billionaire.

Even Warren Buffet and Rakesh Jhunjhunwala – The Billionaire Investors not became billionaires by doing investments only. But They have also promoted their own companies and taken those companies to the public and became billionaires.

Just print out the above principles of becoming a billionaire and stick is to your wall. If you really want to become a Billionaire than simply promote your own Company. Invest your money to start your own Business and later on grow that business to a certain level that from that you can take it to the public.

In fact, all the Forbes Billionaires of the world became billionaires by this way only means – Developing a successful business and taking that business to the public. So think of developing your own business and taking it to public if you want to become a billionaire.

How Rakesh Jhunjhunwala finds Multibaggers?

Rakesh Jhunjhunwala is also known as Warren Buffet of India. And he is expert in finding multibagger stocks in India. Here are my 2 articles about how you can find multibaggers in India?

How to Identify Multibaggers?

Which Are the Multibagger Stocks of NSE and BSE?

In the above 2 articles, I have mentioned in a great detail that How you can also find multibagger stocks by yourself just like Rakesh Jhunjhunwala? But well, let me tell you that, for this you will have to invest in 8-10 good stocks today and hold it for decades and out of which one or two may turn out to be multibaggers.

If any stock is a multibagger or not that only time can tell you. And for that you should have patience to hold the stocks for a long time horizon. What most of the people do is. they invest in stocks and sell them when the price doubles. But well, Investment is not about doubling your money. But it is all about multiplying your money several times.

And to multiply your money, you should hold your investments for the long time horizon, probably for decades. Nobody can become rich from investments in just 2-3 years. For this, you will have to hold those investments for probably years and decades.

Many of my friends invest in the stock market and ask me every week that what should I do now? Should I Exit from it or not? Well, let me tell you the secret fact about the stock or any other form of investing. And That Secret is, people who have made money from Investments have stay invested for more than a decade. So if you don’t have a patience to stay invested for a decade in your investments than you can’s get rich by your investments.

How Multi-millionaires spend their Time?

Well, of course many of you may think that multi-millionaires spend their time enjoying their lives and travelling the world. But well, this is the lifestyle that the media people show you about the millionaires. And less than 2% millionaires and multi-millionaires live this kind of life.

The reality is that most of the millionaires spend their most valuable time behind developing successful businesses and investing their money. They spend most of their time behind finding profitable investment opportunities and investing their money.

Investing their money to buy assets is the prime activity of the millionaires. And that’s why all the multi-millionaires of the world spend most if their time behind doing investments. For them, Investment is a game of making money out of money. For them, Investment is a game to make their money work for them.

And they love to invest their money and watch it grow. Thus, this shows that if you want to become a millionaire or multi-millionaire than the Investment should be your first priority game and not any other thing. Most of the people spend their valuable time behind finding a safe and secure, high paying job or taking higher and higher skills in their lives. But the truth is that if you want to become rich and financially free than you should invest your money. You should make your money work for you.

Than and only you can become a multi-millionaire and financially free. So from very early life, start playing the game of investment and believe me, you will become financially successful one day.

How much will 10000 invested be worth in 40 Years?

According to MSN Money,

A $10,000 stake in Berkshire Hathaway in 1964 would have grown to $80 million during the Oracle of Omaha's tenure. Indexes and mutual funds are far behind.

This is the power of compound interest and the long term investing. Those who have invested in anything for the long term will have this benefit. If you invest in some good stock or asset for this much long term than even if it won’t appreciate this much, it will surely appreciate just like this.

The Compound interest has 3 main elements – Principal, Time and the Rate of Interest. Out of which the time is most important element. The more time you invest in your investments, the more your investments will grow. And over the time, the compound interest increases in the geometric proportion and grow your wealth in a breath taking manner.

The Simple interest increase in linear proportion but the compound interest increases in geometric proportion. And this is the reason I advise you to hold any asset for a long time horizon. What most of the people do is they invest in some asset and when the price doubles, they sale that asset. But well, Investment is not about doubling your money. But it is all about multiplying your money several times.

So understand the power of compound interest and stay invested for the long time horizon. And see how the compound interest multiplies your wealth?

Is it Profitable to Buy IPL Franchisee?

What Do you think that, Is it possible to buy IPL Franchisee? Well, read my article

How IPL Franchisees make Profit?

Well, of course it is profitable to buy IPL Franchisees. Don’t just look for the “On Paper” profits that these franchisees make. Also look the hidden invisible profits such as increase in Brand Value and the Capital Gains in the valuation of each franchisee.

After 2008, all the franchisees doubled in their valuations. These valuations are the “On Paper” valuations which only realize when the Franchisee owner sell the franchisee. And these is the real profit in IPL Teams. After 2012, each IPL team can go public and sell the shares to the public.

This is a real money making opportunity. Thus, only revenue of IPL Franchisee is not the profit. But the valuation gains in this Asset class is also a huge profit. Of course, for the most of the time, this profit remains “On Paper” only unless the Franchisee owner sell the Franchisee. But it’s a huge profit.

Another advantage of owning IPL team is that it gives unlimited popularity to its owners in media for free and increase the Brand value of the businesses of its owner. This is also a great advantage of owning IPL team.

Thus, there are several advantages of owning IPL Franchisee.

Is it Correct Time to Invest in a Flat in Bangalore?

Recently one of my friend working in a Bangalore city asked me this question. Well, There is never a right or wrong time for investment in real estate or any other investments. If you want to invest in residential property than you will have to count the ROI – Return on Investment.

I mean first of all you should count it’s monthly rental and deduct all the possible expenses from that monthly income. And after that count the cashflow. If you are taking a mortgage loan to acquire a property than also count that after paying the mortgage loan payment from the rental income if anything left behind?

If the cashflow from your property is a positive cash flow than go for investing. But if its negative than it’s not the right time to invest. Finding a property which gives you a positive cashflow is a little bit of difficult task. But if you can find such kind of property than in my opinion, you should invest in it.

Well, see. Nobody can tell you with 100% accuracy that weather it’s a right or wrong time to invest in the real estate. What Smart Investor do is they look for the Positive Cashflow and ROI.

If the property is giving a positive cashflow and good ROI than the smart investor invests in the property. But if the Cashflow is negative than there is no meaning of investing in such property no matter how good the property is.

Is Google a Good Investment?

Many of my friends living in USA ask me the above question. They ask me that weather they should invest in shares of Google or not? Well, the answer is of course yes. Google is world’s most powerful Internet Company and it’s annual revenue is US $ 20 Billion.

Most of this revenue comes from its 2 amazing programs. AdSense and AdWords. Google is world’s No.1 Brand having a Brand value of US $ 100 Billion. Google is now a synonym of search and this word is now added in the Oxford dictionary. So you can imagine that how strong and reputed this brand is.

Not only this but google has a portfolio of wide range of applications and it has acquired several other dot com companies like YouTube, Blogger and many others. So in my opinion, there is nothing wrong in buying shares of Google. It’s nothing wrong to own a piece of ownership of this company. In my opinion, it is a good investment.

So my Recommendation for Google is – BUY. Buy the Shares of Google and keep it in your portfolio for at least next 10 years. Just see that how much it grows in the next 10 years. The price of Google shares will grow like anything in the next 10 years as more and more people from developing countries like India and China will join the Internet.

Investment Options for Beginners in India

Are you a Beginner in Investing? And you don’t know where to start investing in India? Than this article is for you. Just few weeks back, I had also posted an article,

What Are Good Investment Options in India?

But well, the above article is for the advanced investors. If you are a beginner than read here. Well, just try to understand first that What is Investment and How it Works? In Layman’s Language, Investment means making your money work for you harder to generate more money. Everyday you wake up in the morning, go to your job place and work hard and at the end of month, you receive a paycheck right?

Now, Do You know that your money also has a same potential just like you to generate more money in the economy by working 24/7? Well, The Game of making your money work for you is known as the Investment.

So How Can you make your money work for you? I mean how to do Investments? Well, by Acquiring (Buying) Assets. The process of buying assets out of your money is known as Investment. Now, What is an Asset?

Well, Asset is something which puts money into your pocket.

Thus, stocks, bonds, gold, real estate, mutual funds, art, websites, domain names, businesses, rare wines, web properties, blogs or anything else which can put money into your pocket can be your asset and buying an asset is known as Investment. This Blog is my Asset because every month it puts money into my pockets. Here I am investing my time behind this blog to develop this asset.

So the question is, if you have never invested before in your life than where to start investing?

Well, it’s simple. Just ask yourself that what is your skill? What is your passion? What is the thing that you like to do the most? Answer these questions and find out some asset in that Niche and buy that assets only.

Say for Example, Do you love Guitars? – Than invest in Vintage Guitars. Do you love coins and stamps? Than invest in Coins and stamps. Do you love Businesses? Than Invest in Stocks, Bonds and Mutual Funds.

I love to write about money. So What else can be the best asset for me except a Personal Finance Blog?

The reason why most of the people fail in investing is because they invest in those assets about which they know little to nothing. Say for Example, a Doctor investing in Real Estate or Crude Oil Futures. Now, suppose if you are a doctor than why don’t you invest in Pharma Company or a Hospital Business or in the Medical Equipments? Why do you go for real estate?

Believe me, you can make money from any asset class. But the thing is that you will have to understand that asset class deeply. So start investing in those asset classes about which you know everything and believe me, you will never fail in investing.

Investment Ideas for Steady Income in India

Many people have made a good capital from regular savings and investing. And now they don’t want to take any risk. All they want is a monthly steady income from their capital. Read my Article,

Best Investment for Monthly Income in India

In the above article, I have mentioned the various monthly income investments in India which can give you a steady monthly income without much risk. Among all of them, my most favourite way to generate steady income is,

Internet Business

Well, Yes. Owning the Internet Business can give you a steady monthly income in India. In fact, take the example of this Blog. This Blog is my Internet Business and this Business is giving me a steady monthly income from Google AdSense. This is because the people from all around the world will never stop consuming the content on this blog and that’s why I will never stop making money from this blog.

I like the passive income nature of the website businesses. You will have to work hard at once only to develop a web traffic on your site. And once you do that hard work, your job is over. That web traffic will keep flowing into your bank accounts for the rest of your life and even after that.

Many young people in their twenties are focusing their time, money and energy to develop website businesses. And once their website businesses develop sufficiently, they take the early retirement and travel the world. This is because of the passive nature of the web business income.

How to Invest 1 Crore Rupees to Get 20% Return?

There are several Assets which can give you 20% Compounded annual return in the long run and you can split your money among these investments. Here are those investments.

- Indian Stock Market (Direct Equity Investing and the Equity Mutual Funds)

- Real Estate

- Private Business

- Web Business

Out of which my favourite Investment is Investment in web businesses. This is because web businesses grow much faster than the traditional offline assets and give much higher return than the traditional asset classes. Take the Example of this Blog. This Blog is my Investment of money and time and the valuation of this Blog is growing at the rate of 1000% annually with the web traffic levels.

So I advise you to invest in web properties if you want exponential returns from your money. Flippa.com is an online market place to buy and sell websites and domain names. Just give a try to this new asset class.

Alternatively, you can invest your 1 crore in starting your own Business. Your own Business can give you the highest returns than any other asset class in the long run. And this is the reason, I keep re-investing the profit of this Blog Business to grow it more as well as to invest it to start other website businesses.

Recently I have invested the profit of this Blog to start 2 Brand new Websites to target the US Consumer market. Over the time, these 2 websites will also grow in its valuations and give me good profits.

So what I advise you is that, invest your money wisely. It is possible to achieve 20% annual return from your investments.

Why Investing Money in Your Young Age?

Why You should invest your money in your young age? Well, This is because the Investment is a game of both money and time. The more time and money you will invest, the compound interest work more in your favour to grow your money. It is understood that you can invest more money by saving more and investing it more. But How can you invest more time?

Well, of course by Starting Early. By Starting Early and stay invested for the long time horizon, you are investing more time in the game of investment and allow the compound interest work harder in favour of you to make you rich. If you never invest your money, the compound interest will never work for you and you can never get rich.

And this is the reason, I advise young generation to start investing as early as possible means now. Many youngsters argue that I am still in my twenties and retirement is still decades away so what’s hurry? But well, this is a false thinking. Warren Buffet, the legendary investor and world’s second richest person has started investing at the age of 11 and he still thinks that he was late.

So Start investing your money (and time) in the early age is very very important. Another advantage of start investing early is that you can invest in more risky investments as you have started early so time is by your side. So even if you loose your money, you have a time to recover that money.

So Start Investing early and Be Financially Free…!!!

Investing in Cars: Vintage and Classic Cars as an Asset Class

Surprised?…!!!! Well, Yes. The title is true. You can invest in cars. In fact, many car lovers and investors from all around the world invest in vintage and classical cars. This is because they are the assets and their valuation goes up year after year.

Not only this but if you are the vintage car owner than you can give it on rent to movie producers and on occasions like Celebrity marriages and make lots of passive income from it. Owning a Vintage or Classical car is just like owning Stocks, bonds, gold, real estate, mutual funds or any other asset class in the world.

Well, I am not talking about new cars which many people think as an investment. I am talking about vintage cars only. A newly bought car will eventually lost its 60% value within first four years from you buy it.

There are many vintage car investors around the world. One such vintage car lover and the investor is Pranlal Bhogilal from Ahmedabad (My City), Gujarat, India. He has a collection of over 95 Vintage and classical cars.

So if you are a car lover than give this Asset class a try. Invest in Vintage cars and make huge profits..!!!

How to Invest for Monthly Income?

Recently I have posted an article,

Where to Invest for Monthly Income?

In the above article, I have mentioned lots financial products in which you can invest for the monthly income. You can read the article and invest in any one or more of these financial products. However, This article is about developing your own Internet Business from Scratch or buying an already established internet business for regular monthly income.

I know that many of you will now argue that – But Business is Risky.

But well, Business and Investments are not risky but being uneducated is risky. And I have developed many successful Internet Businesses in my life so that I can say you that the income from online business is steady and passive in nature.

Just visit Flippa.com and you will find lots of website businesses listed for Sale. Of course, not the all the deals are good. But well, you can build your own portfolio of website businesses and have a steady monthly income.

I really don’t understand that what’s so much exciting about investing in Pension Plans and Mutual Funds? Of course, I do agree that Investment is not for excitement but it is for your financial future. But well, it is possible to build your financial future on website businesses.

Take the Example of this Blog. This Blog is my Website Business and I have developed it from Scratch and today this blog is providing me a steady monthly income via Google AdSense. Not only this but I also own 2 other website businesses (Sorry…I can not disclose their names because of Competitors) and they are also making good profit for me.

The success of any web business is based on the web traffic. And once you create unique and quality content on your website/blog, the web traffic level is maintained steadily and generate regular income for you year after year.

The people who born after 1990 have seen the world through the eye of the internet and that’s why they are investing in online businesses for monthly income. This is the generation which has learned to write their name on the computers only. And this is the reason they know computers and web properties very well.

Just let me know by commenting on this post if you have ever invested or thing of investing in the Web Properties…!!!

I am waiting for your Comments…!!!

It’s Me (Asav Patel) – The Founder of “My Journey To Billionaire Club”

My Investment of 50000 to Earn 1 Crore

All of you know that I am the Internet Entrepreneur, Blogger, Doctor, Investor and a Teacher. Teaching personal finance, Investing and Entrepreneurship is my Passion and that’s why this Blog is in front of you. Up to know, I have made lots of money from this Blog from Google AdSense. Now, in this article, I will tell you that How I will invest Rs.50,000 to make Rs.1 Crore of profit?

Well, This is not the traditional way of making money. I mean this is not about investing in the stocks, Mutual funds and real estate, Diversify and stay invested for decades and make money. This is all about developing a successful website business and later on selling it for the huge profit.

Well, yes. I am talking about website Business Flipping. Means developing a successful and profitable Internet business from scratch by investing Rs.50,000 (US $ 1000) and later on selling that entire profitable business for Rs.1 Crore (US $ 2,00,000) or more…!!!

Now, according to the business standards worldwide, the businesses sold at 3-5 years of annual revenues. So suppose if any business is making Rs.1 Lakh of income (Revenue) every year than the valuation of that business should be Rs.3-5 Lakhs…Right?

So to sell a website business for Rs.1 Crore, I need to develop a website which generates Rs.20 Lakhs to Rs.33 Lakhs of annual income. In that case, it will become a website worth Rs.1 Crore. So we will take the average of Rs.25 Lakhs OK?

So this means that if I develop a website which has the annual revenue of Rs.25 Lakhs or more than I can sell that entire business for Rs.1 Crore. And well, yes. It is possible to develop a website from Rs.50,000 investment that generate Rs.25 lakhs of annual revenue over a period of time.

Now, Rs.25 Lakhs of annual revenue means Rs.2 Lakh of monthly Income. And that is US $ 4000 –4500 every month. So this is a realistic goal.

Now, What I will do is- I will prefer to go for Affiliate Marketing Income to generate this much amount of money. Affiliate marketing means selling other people’s products and earning a commission. Clickbank.com is a great affiliate marketing website with lots of digital products to sell.

So what I will do is, I will find a good product to promote and register a domain name that is related to that keyword. I will use Google Keyword Tool external to find out a high traffic keyword and chose a domain name which will be like this.

KeyPhrase.com (Almost impossible to find)
Key-Phrase.com
XYZKeyPhrase.com
KeyPhraseXYZ.com

I will prefer to go with WordPress theme. After that I will create a quality content on that website and also hire writers to write quality content for it. And yes, I will invest most of Rs.50,000 in Online marketing mainly on Facebook to spread the brand awareness of the website.

This is my Plan to make Rs.1 Crore from 50,000 of investment. I love such kind of exotic ways to make money in my life. This is because the traditional ways of making money don’t excite me. Developing a  profitable Business out of scratch and selling it for a huge profit is something which excites me a lot.

Now, tell me by commenting on this post that What is your Plan to make Rs.1 Crore from just Rs.50,000 of Investment?…!!!

Insurance Plans for Age above 60

I receive several queries like – Which are the best Insurance plans for senior citizens? Well, in this article, I will show you the answer of this query very clear cut and straight forward manner. Well, basically there are two kinds of Insurance Plans.

01) Health Insurance Plans

02) Life Insurance Plans

And I have posted 2 separate posts on both of the above insurance plans in great details previously. Here is a Link of those posts.

Medical (Health) Insurance for Senior Citizens India

Till What Age Should you Take Life Cover?

Well, if your age is above 60 years and you want to buy a medical insurance for you than read the first article. In that article I have mentioned in a great detail about various Health Insurance plans and mediclaim policies in great detail. I have mentioned 6 health insurance plans in the first article for the senior citizens.

Ok. Now suppose what if you want to buy a Life Insurance Cover after the age of 60? Well, in that case you read the second article. Well, my argument is that why you need a life insurance cover after the age of 60? Well, I am not saying you this because you are older now. But the basic principle of buying a life insurance cover is that, in the young age you don’t have any investments income and that’s why in case of your sudden death, the life insurance cover will provide a corpus for your nominees. But it is believed that as you grow older, your Investments increases and thus your life insurance requirements decreases.

And it is believed that at the age of 60, you are financially free. Because your investment income is much more than your monthly expenses. So in case of your death, your nominees will get your assets rather than the insurance amount.

So Why do you need life insurance cover after the age of 60?

In my opinion, at this age, you should be financially free. And your Investments should cover all of your monthly and lifestyle expenses.

Anil Ambani Family Details and Background

Anil Ambani is the Indian Billionaire and the Chairman of Reliance ADA Group and a son of Late Dhirubhai Ambani, the founder of Reliance Group of Industries. Many people have asked me the several question about the Anil Ambani Family and his educational back ground and many other things.

Well, I have already posted several articles about Anil Ambani on this Blog up to now. Just go to “Anil Ambani” Category on the right side bard of this Blog. Or simply click on the following Link.

MJ2BC Category – Anil Ambani

There is a lots of Information about Anil Ambani in that section. You can also like to read articles about Mukesh Ambani, Dhirubhai Ambani and Reliance Group. Here are the links of those articles.

MJ2BC Category – Mukesh Ambani

MJ2BC Category – Reliance Industries

I have also posted several articles about Indian and International Billionaires on this Blog. Here is a Link of all those Articles.

MJ2BC Category – Billionaires

I hope that this much of information will be helpful to you to understand the billionaires and their lifestyles. The story of every billionaire in the world is highly inspirational. Take the lessons from them and start building your own business from as early as possible in your life just like Billionaires…!!!

Industrial Age Education Versus Information Age Education

Recently a reader has asked me the following query.

I am looking for children learning material from the website offering free to download as well as on line to learn in the vacation along with some creative activity as you know now days children don't use their mind to full extend but spends hours and hours watching tv and games.

Have you got web base educational material to learn from website for Guajarati medium in maths and science for higher secondary school as tuition classes are very expensive for middle income group.

Thanks
Hasmukh

Hello Mr. Hasmukh.

Thank you very much for asking a question. Well, I myself from Ahmedabad, Gujarat and I have studied from Sheth C.N. Vidyalaya. In the year 2000 I have completed my 12th Standard. And after that I have completed my MBBS from V.S. Hospital (N.H.L. Municipal Medical College). Right now I am doing my PG in MS-Ophthalmology at D Y Patil Hospital, Kolhapur.

Well, I am really sorry to say that but there is not a single Gujarati Medium Maths and or Science Educational material for higher secondary school on the internet. This is because the India is still in the very early stage of Information age and we don’t have many educational websites in the regional languages.

But well, such kind of queries show that there is a huge market potential for the educational websites in India. After all, the way by which young kids are taking education is changing. The kids who born after 1990 have seen the world at the eye of the internet and they are now taking education from the internet only.

Internet has reduced the entry barriers in all the things. Previously it was not possible to take education in all the fields. But today because of the internet, you can take the education in several fields simultaneously.

So What I advise to you people is that motivate your children to stay online more and  more. Internet is the best way to take education in very cost effective manner. Well, of course Right now in India we don’t have much regional language educational websites but it doesn’t mean that there is nothing on the internet.

Your kids can take world class level of education in many fields simultaneously from the Internet. If in future, I will find such kind of website, I will surely let you know.

India’s Best Dividend Paying Stocks

Dividend paying stocks are one of the best way to generate a passive income for you. I am from Ahmedabad and I have seen several people in my city who have spend literally 20-30 years of their lives to build a portfolio of Dividend Stocks.

This is one time hard work only. This is because once you will build your dividend stocks portfolio, the passive income will keep flowing into your bank accounts for generations after generations. In fact, one of my friend is enjoying a Passive income from his Grand father’s Dividend Stock portfolio.

The 2 major Dividend paying stocks in his Grand Father’s portfolio are Infosys and HUL (Hindustan Unilever Limited).

Both of these stocks are well known for generating regular dividends for its investors since last over a decade. And well, the main advantage of Dividend Income is that it is tax free. But well, you will have to invest with patience and discipline for years to develop a dividend stocks portfolio.

Here is a list of India’s Best Dividend Paying Stocks – Choose stocks from this list and start building your own portfolio.

01) TCS
02) Hero Honda
03) HUL
04) Infosys
05) Grasim
06) Larsen and Toubro
07) Godrej
08) Thermax
09) Aventis Pharma
10) Astra Zeneca

Thus, all of the above are the best Top 10 Dividend Paying Stocks in India. Chose from these stocks and make your fortune…!!!

Ganeshaspeaks: The Indian Market Astrologer

Do you know that many stock investors and traders in India believe in the stock market astrology. I am from Ahmedabad, Gujarat and I know several religious traders and stock investors who trade in the stock market after viewing the Stock market astrology of that day.

And now, The Stock Market Astrology is a new Industry in which many Individuals (Professional Astrologers) and Entrepreneurs have entered. One such Indian Stock Market Astrologer is,

Ganeshaspeaks.com

Well, This is a business about Astrology which also includes Financial Astrology. I mean not only these people can predict your financial future from your birth chart but they also publish the daily stock market report early in the morning before marketing hours.

And the Stock Investors and traders who believe in the financial astrology can read this report and take the investment decisions according to this.

I know that this may sound crazy to you. But it is true. Financial astrology is the science according to Ganeshaspeaks.com. However, they don’t guarantee any predictions. But well, after all who can predict the next stock market movement with 100% accuracy?

I have personally never tried any stock market astrologer for me to take any financial decision so I can not comment more on this subject. I always take investment decision after analyzing the fundamentals and the financials of the company. It is not that I do not believe in Stock market astrology, after all its interesting. I am just saying that I have never tried this for me.

If anyone of you have ever tried stock market astrologer services than kindly let me know by commenting on this post. And tell me your experience.

I am waiting for your Comment…!!!

India’s Best Monthly Income Schemes

There are several Monthly Income Plans and schemes available in India to generate a regular monthly income from your capital. Read my Recent Article,

Where to Invest for Monthly Income in India?

In the above article, I have mentioned in a great detail that which are the various monthly income generating options, investments and ways in India? My most favourite 3 options to generate monthly income are,

Post Office Monthly Income Schemes (POMIS)

Rental Properties

Web Properties

You MUST have heard about the POMIS and Rental Properties but you may not have heard about the web properties. But well, let me tell you that web properties are the one of the best way to generate regular and growing monthly income worldwide.

Web Properties include Blogs, Websites, Forums, Affiliate sites, Facebook & iPhone Applications, Premium Domain names…etc…

Just visit Flippa.com and find out a list of web properties for Sale. You can also build a portfolio of web properties and generate a steady monthly income from it. In fact many early retirees around this world have developed their own portfolio of web properties and taken the retirement in their twenties and early thirties.

Web Properties are one of the best steady cashflow generating Assets. This is the Asset class of the information age. And the young generation is investing in web properties to secure their financial future.

Anyways…So develop the web property portfolio. Try this new asset class.

Where to Invest for Monthly Income in India?

Do you want to generate fixed monthly income in India from your Capital but don’t know where to Invest? Than this Article is for you. In this Article, I will explain you in a great detail that which are the various investment vehicles in which you can invest to generate monthly income from your corpus?

Post Office Monthly Income Scheme (POMIS)

This is the standard and my most favourite method to generate a regular and fixed monthly income in India. However, the only limitation of this method is that you can invest maximum 6-9 lakhs (I don’t remember exactly) rupees in POMIS. Now, suppose if you have Rs.20 Lakh to invest than only POMIS won’t be sufficient.

Monthly Income Mutual Funds

This is another great way to generate monthly income from your capital. These are basically Hybrid mutual funds having Equity and debt components in 70:30 Proportion. 70% in Debt and 30% in Equity. These Funds have delivered a good monthly return than the FDs and Bonds in India in the past 1 decade as well as the equity component of this fund will give a growth of your capital in the long run.

Bank Fixed Deposits (FDs)

Bank FDs can also generate guaranteed monthly return for you. However, I advise you to split your capital between 2-3 Bank FDs to avoid TDS and for the safety of your principal.

Rental Properties

Now, this is also my favourite. This is because it provides both the capital gains and cashflow from your capital. While in case of FDs, Bonds and POMIS, you will only have monthly income but you won’t have any growth of your capital. While in case of rental properties, you will have both. So in the future, whenever you will sell your rental property, you will benefited by huge capital gains.

Government of India Bonds

Well, they don’t generate monthly income for you but they will give you interest income every 6 months.

Annuity Pension Plans

Pension Plans are also a good way to generate monthly income after retirement. You will have to contribute regularly for years and at the maturity, you will start getting monthly pension. The Immediate annuity pension plans are also available in the market in which you invest lump sum amount of money in these plans and start regular pension income immediately.

Web Properties

Well, Yes. I know that you will be surprised by this. But well, web properties (Blogs, Forums, Website Businesses, Affiliate websites, Premium Domain names, Facebook Applications, iPhone Apps) are good way to generate monthly cashflow. Just visit Flippa.com and you will see literally thousands of web properties for sale over there. This is a very new concept for the Indians but its worth it. In fact, take the example of this Blog. This Blog is the regular monthly income source for me. I can also sell this web property (This Blog) for huge profits in the future….Isn’t it Great?…!!!

Thus, the above are the various methods to generate fixed monthly income in India.

Best Long Term Saving Schemes in India

Many readers ask me this question very often – Which are the Best Long Term Saving Schemes in India? Well, there are many. In my opinion, you should go for various Post office savings schemes if you want to go for savings for more than 5 years.

This is because the post office savings schemes offer much more interest rate than the private banks. Another thing you can invest is – Government of India Savings Bonds (Taxable or Non-Taxable). Both of them give you good guaranteed returns.

You can also invest in Government Bonds like NABARD or RBI Relief Bonds. PPF is also a Best long term saving scheme of India. Thus, here I have made a list of best Long Term Saving Schemes in India. Invest one by one in them.

01) PPF (Public Provident Fund)
02) NSC (National Savings Certificate)
03) RBI Bonds
04) Bank Fixed Deposits
05) KVP (Kisan Vikas Patra)
06) NABARD, RBI Relief Bonds and other same kind of Bonds
07) Corporate Deposits

The above are the various good long term saving options in India. Just write down this list on a piece of paper and keep it for your future purpose.

Loans to Buy Passive Income Assets

Let me tell you today one secret of Rich. Rich people always take a loan to buy Assets, mainly Passive Income Assets. Well, yes. While middle class people always take a loan to buy liabilities such as Car, Vehicle, Home (Yes, Home is your Liability unless it is producing income for you), shopping and many other things.

Always remember that, if you want to become rich than you will have to take good loans only. I mean Asset producing loans/debt only. The advantage of acquiring income producing assets out of your loan is that whenever you will get out of that debt, you will be the owner of one Income producing Asset.

But suppose if you have taken a debt to acquire liability than when you will be out of that debt, you will be the owner of the liability – The Depreciating item. Well, of course many rich people take a loan to buy cars and other luxurious items but the key is that these loan payments are afforded by the passive income of their assets and not from their hard earned money.

While a typical middle class will pay the loan payments from his hard earned money. This is the basic difference between the rich and everyone else. Don’t afraid to take a debt but it should be the asset producing debt so that at the end, the Asset is created for the owner.

Loan Against LIC Policy in India

For How much Loan you will qualified for your LIC Policy is a commonest question that people ask me. So in this article, let us discuss that How much loan can you get against your LIC Policy? But before that you will need to understand one term and that is – Cash Value of Policy also known as Surrender Value of the Policy.

The understanding of this term is very important. Because before applying for the loan, you MUST know the Cash value of your policy. So Now,

What is Cash Value/Surrender Value of your LIC Policy?

Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low.

If due to any reason when you wish to terminate your contract of insurance with L.I.C., you can surrender your policy to them and get its cash value known as Surrender Value.

How to Know Cash Value of your LIC Policy?

Best thing to do this is, ask your LIC Agent and he will tell you exactly about this.

Loan Against LIC Policy

Well, you can get up to 90% of loan against the cash value of the LIC Policy. So if your Cash value is Rs.10 Lakhs than you can get a loan up to Rs.9 Lakhs.

In case a loan is provided, the policy is absolutely assigned and held by the insurance company as security for repayment of the loan.

• You have to pay the interest specified in the loan.
• If you failed to pay the interest on time, that will be added to the principla and calculated the interest.
• If the total dept is more than the cash value, the insurer has the rights to terminate your policy.
• If the policy is matured before completing the loan, insurer has the rights to deduct the loan amount from your maturity amount.

I hope that this much information will be helpful to you to get a loan against your LIC Policy.

 Farmville: Limited Edition Virtual Collectible Items

The Social Games like Farmville are becoming more and more popular. And these games are now publishing Limited Edition Virtual publishing items. Well, you will be surprised by knowing that Virtual goods also have a value in the real money.

Every year literally hundreds of millions of virtual goods in social games and online 3D games are consumed by people from all around the world. In fact, many kids invest in these virtual goods and items. This is because they are Assets. Once they become rare to find, you can sell your virtual good for high profit to the other game player.

You won’t believe me but this is true. The future generations will invest in the virtual goods only. Don’t get surprised if your School going kid tell you that Dad and Mom – I have sold the Virtual Residential Property on Rent in so and so game and made real US $ 1 Million at the age of 15…!!!

Virtual goods have real value and they are in demand. The generation who born after 1990 has seen the world through the eye of the Internet and that’s why they have started building their fortunes on the Internet.

Just tell me that Do you know anyone who invests in Virtual Assets?…!!!

Polyester Prince – The Rise of Dhirubhai Ambani (Now Banned in India…!!!) Review

According to the market gurus, Polyester Prince is the one and only real biography of Dhirubhai Ambani by Hamish McDonald. However, this book is no more in print because according to the rumours, Ambani Brothers have banned this book because the book is full of Truths and controversial incidences about the life of Dhirubhai Ambani.

Where Can I Download the Polyester Prince?

Free Download of Polyester Prince

Here is a Scribd Link. You can read the entire 155 page book online from this Link.

The book is all about the political connections of Reliance Group and how they have beat their biggest rivals like Bombay Dyeing and also about How they have made Reliance Group the biggest Zero Tax Company by using several legal loop holes.

The book also mentions the personal life of Dhirubhai Ambani during his early days. How Reliance Group became a Fortune 500 Company of the world by Dhirubhai Ambani is the basic core theme of this book. If you want to start your own Business in India and are un aware of Indian Political and Business Environment than this book is a MUST read book for you.

After reading this book, you will understand many things about the Indian Politics and Business Environment.

The Author has mentioned in very clear and blunt way about the Reliance Group, it’s ethics, morals and various false practices. Anyways….So Read this book in Free time and know the Indian Corporate Environment…!!!

Google Founders’ Big Private Jet

The Google Co-Founders Larry Page and Sergey Brin have bough their Private Plane in the year 2005. It is Boeing 762 Airplane having a capacity of 200 passengers. Here is the copies of planned interior of the private plane.

Today Google is world’s most powerful Internet Company and the Search Engine Technology. It has now become a synonym of Search and the co-founders Larry and Sergey are Billionaires and America’s Top 10 Richest persons.

Both met at Stanford University in USA. The most popular algorithm for the link analysis of the world wide web is known as “Page Rank” after the name of Larry Page. This Page Rank is very much important in search engine rankings. Because of this the search engines can find the popular web pages on the Internet.

Larry Page House

Larry Page has Co-Founded world’s best search engine and the most powerful Company Google Inc with Sergey Brins.

Here is the Larry Page’s House.

Page is the Silicon valley Technopreneur so obviously he is living in California only. Here is the home address of Larry Page – Palo Alto, California (CA), United States (USA).

Today Google is the search engine giant and it’s two amazing programs – Google AdSense and AdWords make literally $ 20 Million Billion every year for Google. Larry is the Billionaire and America’s fifth or sixth richest person. The co-founder of Google Sergey Brin is also a Billionaire.

Larry is the Stanford University Dropout Billionaire. Google was his thesis. I mean the Link analysis of texts was his thesis topic while taking a PhD degree in Computer Sciences at Stanford University. In 1998, he left his University to found Google and after that he never joined back….!!!!

He is still on leave “On Paper” at Stanford University…!!!!

After all….Who Cares Now?… Why to join a college back if you become a Multi-Billionaire?…!!!

KOTGOL: Kotak Gold ETF Funds

Kotak Bank has Gold Exchange traded Mutual fund which 1 Unit tracks the price of 1 gram of Gold in the Bullion market. KOTGOL is the most popular code by which you can buy the units of this fund from ICICIDirect and HDFC Securities.

However, the Security Code for Motilal Oswal, Kotak Securities, IndiaBulls and Sharekhan is KOTAKGOLD. But still the fund is popularly known as a KOTGOL.

The main advantage of investing in Gold ETF / Demat Gold / Paper Gold is that it does not have any purity issues and concerns of safety as that of physical gold. And you can invest in it just like stocks. So it is really convenient way to invest in Gold.

However, remember that Gold allocation in anyone’s portfolio should not be more than 10% of the total portfolio net worth.

School Going Kids Started a Business

Who says that School going kids can not start a Business? This is the Information age and there is no age bar of starting a business. Because of the Internet, now a school going kid can also start his/her own business on the internet and make money.

And not only they can make few hundred to few thousand bugs from their internet businesses but they can make literally Hundreds of Thousands Millions Billions…!!!

Young Teen Age Millionaire Entrepreneurs

Well, read the above article. All of those kids have made their first million by self made from their own internet business even before leaving the high school…!!!!

This is the power of the Internet. You can make money at the speed of light in the information age. In the current world, there is not any job security anymore. This is because the jobs can now be outsourced because of the internet.

Philippines is the new destination for the job outsourcing. Because of the Internet now the jobs can be outsourced from one country to another country within a split of seconds only. And that’s why having your own Business will feel you financially secure in the modern world.

And this is the reason I advise the young school going kids to start their own business as early as possible in their lives. You can start online or offline business and make your fortune in the early age. The old advises like find a safe and secure job and live paycheck to paycheck and retire at the age of 65 is no longer the effective financial advise in the information age. This is because it is possible to retire in your twenties and early thirties by doing a business online…!!!

How to Find No Scam Online Internet Job?

I am Mrs.Archana.Retired  sales manager from reputed builders company.Now at home being private company no pension.My age-56,being working woman I cannot sit ideally I know computer I asked question on yahoo about no scam online internet  job where I will get money after seeing my work and I don't have to pay for anything,some one gave your web site will you guide me in this.I cannot go out and work at all.

Regards

Well, you are at right place. In this article, I will show you that how you can find an online job and make some money without paying anything. Well, the Internet is full of scams. And most of them are like, you buy some product from the internet marketer first and after that he/she will teach you that how you can make money online or find a job.

But finding an internet job is very straight forward thing. In the online world, there are online job boards where you can find online job. You will find literally hundreds of varieties of work starting from simple data entry to advance software building work. Here are the 3 best websites where you can find some work to do.

01) Elance.com

02) Freelancer.com

03) GetACoder.com

However, the standard payment method is Paypal. So first of all open the account with PayPal.com. It’s free. So that you can receive payments online from international employers very smoothly. You can also withdraw money from PayPal in India also.

Now, suppose if you are a writer than there are several job boards online for the writers also where you can find a job to write. Here is one reputed Writers job board.

Problogger Job Board

See the various writing jobs listed on the Problogger job board and contact the people who have posted the job. And they can give you a good work.

Just see literally hundreds of categories from Elance, Freelancer and GetACoder.com and find out that which category work will be highly suitable for you?

There are also another 2 great Job Boards Online.

Monster.com

Jobster.com

Both of them are for Online as well as Offline world jobs. You can also find a good online job from both of the above sites.

I hope that this much information will be useful to you to find a no scam online job and make money online…!!!

Securities Transaction Tax (STT) in India

If you want to start investing or trading in the stock market than you MUST know the Securities Transaction Tax in India. The Securities include,

Definition of Securities

(i) shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate;

(ii) derivative;

(iii) units or any other instrument issued by any collective investment scheme to the investors in such schemes;

(iv) security receipt as defined in section 2(zg) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002;

(v) Government securities;

(vi) such other instruments as declared by the Central Government; and

(vii) rights or interest in securities.

STT on Long Term Capital Gains Tax

Long-Term Capital gains on all of the above mentioned securities is exempt from income tax under Section 10 (38) of the Income Tax Act, 1961.

STT on Short Term Capital Gains

Taxable at the regular rate of income tax, however credit would be available for STT from the income tax available

i.e.

STT would be deducted from the income-tax on business profits

OR

10 per cent without indexation benefit

Or

20 per cent with indexation benefit, whichever is lower.

IDBI Fortis Term Plans Review

IDBI Fortis has introduced the pure term insurance plan known as “Termsurance Protection Plan”. It is a flexible term insurance plan that provides large insurance cover at an affordable cost.

It is a simple term insurance plan that offers three covers – level cover, increasing cover and level cover with return of premium. A person can choose a cover on the basis of his/her requirement.

The ‘level cover’ comes with a large cover at low cost, the ‘increasing cover’ provides an increasing cover of 10 per cent every year and the ‘level cover with return of premium’ returns the premium paid after the cover matures. The minimum and maximum entry age for the plan is 18 years and 65 years, respectively, and the maximum age at maturity is 75 years. The policy term ranges from 10 years to 30 years.

In my opinion, you should always go for Term Insurance Plan + Equity Mutual Funds combination to protect your life as well as to build your wealth. Unfortunately, the market is full of Insurance cum Investment products like ULIPs, Endowment Policies, Pension Plans and Money back policies that the average people can not figure out that which financial product to buy.

You should always avoid any Insurance cum Investment products. It is because they are costly. Rather than that you should always go for the Term Insurance Plans which are much cheaper than every other Insurance cum investment product.

So in my opinion, IDBI Fortis Term Insurance Plan is – Recommended to BUY…!!!

SBI Shield Term Insurance Plan Review

SBI Shield is a term Life Insurance. And in one word review, - “BUY”.

Well, Yes. I am always in favour of Term Insurance Plans. This is because they are the cheapest. Every other Insurance cum Investment product is costly (ULIPs, Endowment Policies & Pension Plans) and should be avoided. In my opinion, you should never mix insurance with Investment.

Rather than that, go for the following 2 combinations.

01) Term Insurance + Equity Mutual Funds (2-3)

02) Term Insurance + Equity Mutual Funds + PPF

And SBI Shield is a term insurance plan. So it’s best. Now, let us discuss that what SBI Shield Plan offers?

Just like any other Term Insurance, SBI Shield also offers Tax Exemptions under Section 80D. There are basically 3 types of options you can choose.

Increase in sum assured by 5 per cent every year
Under this option, the basic sum assured increases by 5 per cent (of original sum assured) every year. In case of the insured's death during the tenure of the policy, the nominee will receive the enhanced sum assured. The increased sum assured is calculated taking into account the number of completed policy years.

Increase in sum assured by 50 per cent every 5 years
Under the second option, the basic sum assured increases by 50 per cent (of original sum assured) every 5th policy year.

Regular level cover
Under the third option, the sum assured remains constant throughout the tenure of the policy.

An illustration should help us better understand the same. The table shows the varying insurance cover (sum assured) under different options over a 10-Yr policy tenure, assuming that the sum assured at the commencement is Rs 500,000.

Insurance Cover: Changing with Time

Annual Premium Payments

Unfortunately, Insurance agents are not promoting Pure Term Insurance plans now a days. This is because they don’t offer much commissions. Rather than that ULIPs, Pension plans and Money back policies give them the highest returns.

But the Truth is that, Insurance with Investment products are the kind of opaque mutual funds and nothing else. They will charge 20-50% Entry load from you while mutual funds will charge 0% Entry load. And this is the reason Term Insurance Plans are still the best.

Public Provident Fund (PPF) Payment Online?

I receive several queries from readers about Online payment of PPF Account. And that’s why I thought that I should answer this query.

Well, Yes. It is possible to do online payments in your PPF Account. There is only one bank in India which gives you this facility – ICICI Bank.

It is possible to do Online payments in your PPF Account with ICICI Ban Net Banking services.

ICICI Bank, India’s second largest Bank, has been authorized to collect funds for Public Provident Fund at branches mandated by Ministry of Finance, Government of India. ICICI Bank will also offer a comprehensive Online PPF Account, through which customers can access their PPF accounts online, thus making it the first private sector bank to offer this facility.

Customers opening PPF accounts through ICICI Bank can now login to their Internet Banking accounts and transfer money from their savings accounts into PPF account, request loans and withdrawals, etc., from the comfort of their homes. An Online PPF account will lead to faster processing of customer’s requirements. This is in addition to PPF Desks at designated ICICI Bank branches. All other features of PPF Scheme, viz, the interest rate, tax benefits, etc., will be available online as per the prevailing rules and guidelines of the PPF Scheme.

So open the ICICI Bank Net Banking facility and pay your PPF Account payment Online.

Myth – Go For Largest Mortgage

There are basically 2 types of mortgage loans available – 15 years and 30 Years. Most of the people think that 30 years mortgage loan is a good idea. This is because it has lower monthly payments as well as you can afford a bigger house if you go for 30 years of mortgage loans.

But well, this is the Myth. The Truth is that, for a 30 years of mortgage loan, you will have to pay 2-4 times more money than the 15 years mortgage loan. So in my opinion, you should never go for 30 years of tenure. 15 years of tenure is the best and if possible try to repay all of that mortgage in 10 years.

Do you know that the best way to buy a Home is 100% Down. Well yes, You pay 100% Cash to buy a Home. And don’t at all go for Mortgage loan. But well, this is not possible for all the people and that’s why I advise you to put as much as possible as a down payment say 20%, 40% or even 60% Down.

Buying a Home by putting just 10-20% Down and going for 30 years of mortgage is not at all a good financial decision in my opinion. So Don’t go for the largest mortgage, go for as smaller as possible mortgage loan.

When it comes to taking mortgage loan, calculate the numbers very carefully otherwise you will become a slave of your mortgage loan.

Mutual Funds Investing for Housewives

Are you a Housewife and want to invest in the mutual funds but don’t know how to invest in mutual funds? Well, than this article if made for you. I will teach you in this article in very detail that how you can invest in mutual funds as a housewife?

Step: 1 Select a Mutual Fund

There are literally more than 1000+ mutual fund schemes in India and that’s why which mutual fund is better is really a job. What I suggest you is visit Valueresearchonline.com and select 4-star or 5-star rated mutual funds from it.

Step: 2 Decide Equity Versus Debt

Once you visit Valueresearchonline, decide that in which kind of fund you want to invest? As a rule of thumb, for more than 5 years go for Equity Diversified mutual funds while for less than 5 years of time horizon go for Debt mutual funds.

Step: 3 Contact the fund house or a MF distributor in your local area.

Once you select a best fund for you, contact your local area MF distributor or a fund house and ask request them that you want to invest in mutual funds and give them the scheme details.

Step: 4 SIP Versus Lump sum

Decide that weather you want to invest fixed amount of money every month or Lump sum Investment? If you want to invest regularly than go for SIP. In my opinion, SIP is the best way to invest in Equity mutual Funds.

Step: 5 Invest in Max. 2-3 mutual funds

Don’t be a Collector but be an Investor. A Collector is one who collects more and more funds and add in his/her portfolio. While just 2 or Max.3 mutual funds are sufficient to achieve the optimal diversification of your money. So don’t invest in more than 2-3 mutual funds.

If you want to know more about How to invest in mutual funds than read the articles in the Mutual Funds Investing Category of this Blog.

Most Valuable Vintage Toys

Do You know that Vintage toys (Toys of 39s, 40s, 60s and 80s) are the Assets and collectors invest in the vintage toys for a great profit. Owning a Vintage toy is just like owning any other asset class such as stocks, bonds, gold, real estate and mutual funds.

The toys from the 1930-80s are the most popular among the investors. Here are the few most valuable vintage toys in the world which prices go up and up year after year.

01) Japanese Metal Tin Toys

Japanese metal tin toys are one of the most valuable toys in the world and collectors are crazy about them.

02) Star Wars Toys

Star Wars Toys are also one of the most favourite vintage collectible items. They are very much in demand in the Collectors’ world.

03) Michael Jackson Dolls

The Michael Jackson Dolls of 1980s are still in very high demand by the collectors.

04) Marx Toys

Marx toys are the one of the most sought after vintage toys in the America.

Some of the most popular toys they made were metal litho toys such as a hopping rabbit, Pinocchio Walker and George the Drummer boy all from the 1940s.

Well, the above are the most popular and valuable vintage toys in the world. And if you are the owner of one of such kind of toys than you are the owner of the most valuable asset on the earth. And yes, if you are a toy lover than invest in vintage toys.

Is GoDaddy.com Selling or leasing the Domain Names?

I am interested in buying a domain for developing just like you but you the web address Godaddy.com but they are offering very expensive. They are not selling but offering on rent. As far as your website is concerned if it is owned by you after paying it to the seller or it is on rent.

I am little bit confuse as to which type of domain to buy on rent or if it is possible to own it  and what type of domain to buy like .in,  .com, .biz. etc.,

I would like to start work with little amount to start with and then later start in full.

Kindly explain in detail the process of developing  a website.

Thanks
Hasmukh
Ahmedabad

Well, GoDaddy.com will take US $ 10 per year to buy a Domain name from them. And that is Rs.500 per year. Well, They are not giving you this on the rent. They are selling you this. The $ 10 every year is the maintenance charge of the domain name on their servers.

Only you will be the sole owner of the Domain Name. And if you want to check the ownership of any Domain name than go to WHO-IS Database.

Once you buy a Domain name from GoDaddy.com, you will be able to see its ownership details on the Who-IS Database. So this is not renting. There are many other domain hosting services but if you want to develop your career as a Domain Flipper (Means buying and selling domain names) than GoDaddy.com is the best place to start it.

If it is possible than always go for dot com Domain names. They are the most valuable domain names in the world.

Well, if you don’t know how to develop a website by your own than simple hire a freelancer from the websites like,

Elance.com
Freelancer.com
GetACoder.com

A freelancer will develop a website for you without having to worry about anything. A Freelancer will also install your website on the Host.

Well, let me tell you that if you want to start your own website business than you will also need to buy a Web Hosting Plan. Hostgator.com is the best web hosting plan on the internet.

Most Profitable ULIP India

Many newbies who are the first time visitors of “My Journey To Billionaire Club” ask me that which are the most profitable ULIPs in India? Well, there are 14 insurance companies in India and if you are expecting from me some kind of list of profitable ULIPs in this article than you are wrong.

This is because there is only one way to make ULIPs a profitable Investment – If you are on Selling side.

Well, yes. You can make ULIPs profitable only by selling them and not by buying them. This is because ULIPs are the opaque mutual funds. They will charge you anywhere between 20-50% Entry load (While Mutual funds have 0% Entry Load) and several other charges. So ULIPs can never be a profitable investment.

So simply forget the idea about investing in the ULIPs. Now you may argue that but the ULIPs give me the Insurance Cover. But well, rather than going for ULIPs go for,

Term Insurance + Equity Mutual Funds

This is perhaps the best combination. Or you can go for Term Insurance + Mutual Funds + PPF.

But in any case, you should stay away from the ULIPs. ULIPs are the bad investments so stay away from ULIPs rather than that go for the any one of the above 2 combos.

What is the Most Highest Paid Price for a Domain Name?

Domain Names are the virtual real estates of the Internet. And they are as valuable as the real estates of the real world. You can buy and sell domain names as well as develop your web business on those domain names and sell the entire web business. There are several generic name domain names which are worth of millions of dollars because they have a natural search engine organic web traffic so from the first day you start your business on them, you will have a good amount of web traffic on those domain names.

Here are the Highest paid domain name prices ever.

Business.com $7.5 million
Casino.com $ 5.5 million
AsSeenOnTv.com $5.1 million
Altavista.com $3.3 million
Wine.com $ 3 Million
Loan.com $ 1.1 million
Wine.com $2.9 million
Autos.com $2.2 million
Express.com $1.8 million
Men.com $ 1.3 million
Wallstreet.com $1m
Rock.com $1m
Sky.com $ 1 M
Beauty.com $ 1 M
eFlowers.com $ 1 M
Newzealand.com $ 1 M
Cyberwork.com $ 1 M
Websites.com $970,000
Drugs.com $830,000
Shopping.com $ 500,000

Up to now, Business.com is the most paid domain name ever for whooping US $ 7.5 Million.

So you can now imagine that how valuable the generic name domain names are? They are digital and virtual but still they have value just like the real properties. In the next era, it is quiet possible that even a school going kid may own a virtual property worth of millions of dollars…!!!

Most Commonest Ways to Become a Millionaire

Let us today discuss about the most common ways to become a millionaire. Here are the most common ways to become a millionaire in your life.

01) Become an Employee at management level of some Corporation

You work hard to get good college degrees, do MBA or something else which is equivalent to the MBA and join some multi national company with high salary, work hard for that corporation and get excellent bonuses for your work and become a millionaire.

02) Become a High Earning Professional

You become a Doctor, Lawyer, Chartered Accountant, Actor, Film star, Singer, Cricketer, Footballer or anything else and make your Million Dollars.

03) Become the Internet Entrepreneur

Well, now this is my most favourite way to become a millionaire. This is because you can work on your internet business from anywhere in the world, even from your home, garage or a school library and become a millionaire either by making a million dollar profit from your internet business or by selling your entire fortune for a million dollar.

Read my Article, Young Teen Age Millionaire Entrepreneurs

All of the above teenagers have become millionaires from their internet businesses even before leaving their high school.

04) Become a Millionaire by doing the traditional offline business

People also become millionaires by doing offline industrial age businesses. However, you will require lots of capital and man power to start and run your offline business. While in case of online business, everything is automatic so this is not the case.

05) Become a Millionaire by doing Investments

Many people around the world have became millionaires and even billionaires by doing investments in someone else’s profitable businesses as well as investing in various assets such as stocks, bonds, gold, real estate, mutual funds, web properties, art and many other things.

Thus, all of the above are the commonest ways to become a millionaire in your life. I personally like the last 3 ways to become a millionaire. This is because even after making millions from the employment and self-employment, you will have to invest that money in the businesses as well as Assets to grow it. So why not make your first million from the Investments and Businesses only?