Top 8 Passive Income Ideas for 2021 to Build Wealth for a Beginner

EARN PASSIVE INCOME

Hi guys, I will share my top 8 Passive Income Ideas for 2021 to Build Wealth for a Beginner in this post. I would discuss how you can practically implement the ideas and earn passive income online through multiple streams.  My basic idea of a passive income stream is that you don’t have to work actively throughout your life. However, your income will continue to grow. What is Passive Income? Before we discuss what is passive income, lets’ talk about types of income. Firstly I read about this in the book “Rich Dad Poor Dad” by Robert T. Kiyosaki. There are three …

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Marketing Basics: An alien perspective to a new-found world.

Digital Marketing by finomagic

This article is part of an assignment of Digital Deepak Internship Program. I have called this an alien perspective because before this class I had no idea about Marketing. In the article, I am going to share what I have learned about marketing basics as a new-comer in the field of marketing. I will also share my own perspective on Marketing. The article is going to be useful to all those people who are a newcomer in the world of marketing and wanted to have a basic overview of the What-Why-When-How of marketing. The article will be helpful to kick-start …

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8 Reasons why you must invest in the stock market?

Why you should invest in Stock Market

Investing your hard-earned money in the right financial instruments is extremely important to grow your money rather than keeping your money lying in the banks. One such attractive instrument is the Stock Market. Many people have the misconception that keeping your money in the banks is also one type of investment.  But that is not true. In my opinion, keeping your money in the banks is not an investment but it is just a safe box to keep your money. Just like putting your money in the safe box would not increase your money similarly keeping your money in the …

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Retirement Corpus Calculator

Retirement Corpus Calculator

This is a basic Retirement Corpus Calculator. You can use our Calculator to arrive at the corpus amount you need after retirement. The amount you get after the calculation would be your Financial Freedom Number (FFN).  In this calculator, we have also taken inflation as one of the parameters to calculate the amount of funds we will need before retirement. So, it is very important to take the right inflation rate and the right size of fund we require today to maintain the same standard of living.  Further, before deciding the size of the corpus amount, we must consider the …

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SIP Calculator

SIP Calculator from Finomagic.com

Basic Queries of investors: What is Systematic Investment Plan (SIP)? I am sure you must have heard the word “SIP” either from your colleague or financial planner or investment adviser or friends or family. But what does SIP mean? SIP is the short form of a Systematic Investment Plan. Don’t confuse it with the word plan as it is not the investment plan. SIP is just one of the modes of investment in the stock market. There are two ways of investing in the stock market -one is through lump sum mode and another one is through SIP mode. In …

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