EARN FROM 0 INVESTMENT- SMART MOVE OF LIFE

Every person in this world wants to live without any worries. Some people have problems with material things and some financially. There can be no solution to material problems unless your mind is at peace. But if your mind is troubled due to financial problems then maybe I can definitely help you.

It often happens that people are unable to invest money smartly or say that they do not understand the matter, how they can invest their money in the right way. We have seen in the Corona period that people spent money for the treatment of their loves ones and now they feel short of money. Some people did not even have a job during Corona period, some managed to borrow loan from somewhere, but are unable to pay even the loan instalment now. So, in this blog, we will discuss how we can make our future strong on economic basis and that also from ZERO INVESTMENT FROM YOUR POCKET.

Firstly, we will discuss how to cut off our expenses and in second leg, we will discuss how to save a single penny to achieve big financial freedom.

JUST TRY THIS ONCE:-

1. Generally, we see that we have kids in our homes and they tend to ask for toys and other stuffs and we people go for it and bring them expensive items. No doubt that all parents want the best for their kid but here we can learn few things. Kids play with toys for few days and after that, the toys would find their place on shelves or store because kids need new toys. Firstly, teach your kids the difference between buying cheap and good quality toys rather than expensive ones. This way they would learn the importance of money as well as learn to differentiate what to choose in best possible bargain. On a very conservative side, you would be able to save INR 500/- in a month.

2. Encourage yourself and kids not to waste a single page in their notebook. This small step of using the stationary (Notebook, Eraser, Pencils, Colours etc) wisely can save at least INR 200/- per month.

3. Reward your family members to reduce Electricity expenses by promoting them to use it effectively. The reward can be depositing saved money into their bank accounts. This step may help you save INR 500/- per month on a conservative side.

4. Try to reduce the expenses on buying expensive clothes from Online Portals and make a habit of buying from local market and wholesale Malls. I have my personal experience that buying the cloths from online portals and expensive malls is always costly. This way, you can save at least INR 1000/- per month.

5. The other major expenses is food that you order from restaurants. Generally, these expenses are huge in amount and may vary from INR 2500 to INR 5000 also. We take an amount of INR 3000 that is spent on food from outside. 

6. There may be some other expenses of a family that may vary according to needs and capacity. We are not considering those other expenses but i am sure that you can definitely save that amount also. 

Now if we sum up all the savings that we have calculated above, comes out to be INR 5200/- per month. Now we have to invest this amount in various options so that you can fetch maximum profit. Again, the return that one is expecting, totally depends on the risk apatite of any individual. So, I do hereby suggest you to go for these options according to your risk apatite: -

1. Aggressive Returns: - More pain, more gain but a wise decision is always gaining one. The person who wants to maximize his returns with aggressive risk factor, he must opt for Mutual Fund and by the way of investing through SIPs. The SIP is the method of investing the money on monthly basis and for a long time. The more time that you give to your investment, will give you a handsome return and we take an average of 12% return (Conservative Side), then the amount invested monthly for 20 years will fetch you 52.00 Lakhs (Appx). This options that we have discussed is totally depending on external factors and relates to Capital Market, so the risk is higher accordingly.

2. Moderate Returns: - This option is for those people who do not want to take risk and want to play safe and risk free. For them, Government schemes like NSC, PPF, SSY are few investments where the return varies from 6.70 % to 7.4% (as decided by Government from quarter to quarter). This options that we have discussed is totally safe as the funds have Sovereign Guarantee by Government. 

3. Mixed Returns: - In this option, you can mix up the above mentioned both options and have better portfolio with safe and aggressive returns. In this option, the return may vary from 9%-10% but give you safety if you don’t want to lose what you saved.

So, if i sum up the things mentioned here, I have not withdrawn any single rupee from my pocket and tried to tell you "HOW TO EARN FROM ZERO". Just try to be smart saver as time demands this from you.

In next blog, we will discuss about the safest Government Saving Schemes that describes you how to be millionaire by smart saving.