How do you divide salary?
Here’s how to get started. It’s the 50-20-30 Rule, i.e., 50 per cent of your income should go towards living expenses, i.e., household expenses, including groceries; 20 per cent towards savings for your short, medium, long-term goals; and 30 per cent towards spending, including outing, food and travel.
How can I invest 10k quick return?
Below are some of my best recommendations for how to invest 10k.
- Stash it in a high-yield savings account.
- Start or add to your emergency fund.
- Try out a self-directed brokerage accounts.
- If you’re a beginner, stick with mutual funds and exchange-traded funds (ETFs)
- Use a robo-advisors for hands-off investing.
How can I invest Rs 50 lakh and earn Rs 50000?
I want to invest Rs 50 lakh and earn monthly income of Rs 50,000. How should I do this? “To earn a monthly, pre-tax income of Rs 50,000 from an investment of Rs 50 lakh, you need to earn a return of 12\% per annum.” An SWP allows the investor to choose the amount of money that is withdrawn from the scheme on a monthly basis.
How much should you invest in mutual funds to earn money?
Prableen Bajpai, Founder, Managing Partner, FinFix Research and Analytics replies, “To earn a monthly, pre-tax income of Rs 50,000 from an investment of Rs 50 lakh, you need to earn a return of 12\% per annum. While equity-oriented mutual funds have the potential to deliver such returns, they tend to be volatile and are thus riskier.
What is the first step in the investment process?
1 Step 1: Initial Investment Initial Investment Amount of money that you have available to invest initially. 2 Step 3: Interest Rate Estimated Interest Rate Your estimated annual interest rate. 3 Step 4: Compound It
How do you determine the amount of money you need to invest?
Amount of money that you have available to invest initially. Amount that you plan to add to the principal every month, or a negative number for the amount that you plan to withdraw every month. Length of time, in years, that you plan to save. Your estimated annual interest rate.