How To Generate Income Forever

 When you work for money, it is called active income and when money works for you, it is called passive income.

 Now you must be thinking that how will the rupee work for you, so let me tell you this means that even when you have any kind of income from the money invested by you in your absence, such earning comes under passive income.  You are not earning money by working, but the money you have invested is working for you and earning new money.  The interest received from the bank, the rent coming from your property and the dividend on the share (share market dividend) etc. are good examples of this.

The 9 Best Income Producing Assets to Grow Your Wealth

1  Stock

You want to put money in the stock market, why? Answer this question to yourself. How much money do you want to invest after this!? How long (time) to invest? What do you expect from the stock market? Do you have to work hard for this?  Are you prepared? Invest as much money in the stock market as you lose, even if there is no problem in your life. That is, start with 10% of the total savings you have.  How to start? If you don't have experience then read 2/4 books first. Interact with a lot of people. Observe how people work in the stock market? What to take and what to sell? When to take and sell  ? Why take and sell? How many people succeed? Why succeed and fail? It's all a matter of study and learning.

2 Bonds

Tax-free bonds are one of the most sought-after investments in the market.  These bonds are issued by government companies.  The interest earned from these bonds is exempt from income tax.  If you hold investments in these bonds for more than a year, the investment tenure is considered long-term and gains from long-term investments are taxed at 10.4% including surcharge.  If you sell these bonds before one year, the gain will be treated as short term and taxed as per your slab rates

3 Real State

Yes, money is also made in the real estate sector.  But real estate is a huge sector in which many types of people are employed.  Which is your favorite in this?  The real estate sector generally includes skills such as land and land work, architect, structural engineer, contractor, mason (plaster, brickwork, tile etc.), carpenter, aluminium, glasswork, plumber, electrician, etc.  .  Then there is the legal aspect in real estate, there are brokers, there are financiers, there are builders, there are investors too.  Everyone comes to this field to earn money, some are successful, some don't.  Nowadays there is a slowdown in this sector since last few years. So the condition of many people is critical. The condition of Amrapali, DSK, DHFL, HDIL, ILFS etc. is very bad and their owners are in jail.  So many properties have been confiscated and can be found cheap.  The guru mantra of this business is also the same - buy at low prices and sell at high prices.  Prices are cheap now, so think about it.  Well it means to say that like other business, money is made in real estate too.

4  Real Estate Investment Trust

Just like mutual funds invest in stocks, bonds by pooling money from investors, REITs invest in real estate by pooling money from investors.

Buying a house is necessary but investment is also necessary.  Going beyond equities for investment, investors add gold to their portfolios for diversification.  The number of people turning to real estate is often less.  The main reason for this is the thinking that investing in real estate or commercial property requires a huge amount of money.  REITs – Real Estate Investment Trusts prove this thinking wrong.

  These are companies that invest in commercial real estate such as shopping malls, office space, rental properties.  Just like mutual funds collect money from investors and invest in shares, bonds, commercial papers according to the category, similarly REITs invest in real estate by pooling money from investors.  However, the contribution per investor in this is more than any other equity mutual fund.  Often REITs return a large part of the earnings to the unit holders – sometimes this can be as much as 90 percent of the total earnings through dividends.

5  Business

In the present time everyone has to earn money.  Whenever we have to start any business, before that we have to do many types of thinking.  It is also natural to have thoughts, because where you invest, you have to do everything carefully.

 Let us tell you, which are the highest earning businesses -

 Surgeon :-

 If someone studies medicine, and becomes a surgeon, then he can earn more money in this field.  Salary is also good in this field, and at the same time, even if surgeons run their own private work ie their own clinic, they earn well.

 Psychiatrist :-

 After studying medicine, there are many such branches in medicine itself, in which a lot of money can be earned.  such as in a psychiatrist.  There are many branches in it, one of which is the branch of Psychiatrist.  This is the second field to earn well after Surgeon in the field of medicine.

 Corporate Executive :-

 Whenever the corporate executives work for a large and multinational company, the senior level corporate executives face a lot of challenges and stress to make the company profit, but in return they are also paid a hefty salary.

 6  Index Funds

Index Fund is an Equity Mutual Fund that invests in Stocks and is made up of several Stock Indexes i.e. Indices such as BSE Sensex or NSE Nifty in India.  As a result of this, Investing in Index Funds should be advised by an expert to investors.  Don't have to take  The returns generated by them are closely related to the funds produced by the underlying index i.e. the underlying index.  This fund invests in the securities of a particular index in equal proportion.  Their target is popular indices like BSE Sensex or Nifty.  These funds can also be based on a specific sector, such as pharma, IT, FMCG or auto sector indices, etc. These funds are expected to give similar returns to the benchmark index and their risk is also comparable to the risk of those securities.  as well as the ones in which they invest.  When markets go down, the value of the securities involved fall, and so do the index funds.

The returns from investing in index funds depend on the momentum of the index.  If one keeps on investing and not withdrawing money, then the profit gives a combined return on investment.  There is no tax to be paid on the gains made in long-term investments.  Fund management expenses are very less.

7  Patent /Trademarks

How can something new that I have invented be patented?

 You have to create two types of documents first.

 Make a brief specification or document of whatever product you have made.  In it the main points have to be written why he is better than the other.  After this you will have to fill a form and you will have to submit this brief specification, form and fee to the Patent Office through a lawyer.  So that your patent is registered.

 After that you have to create a detailed comprehensive specification, in this you have to give all the information about

 your product.  That too will have to be submitted by the lawyer to the Patent Office.  After that you have to wait for getting the patent.

 A trademark is a unique identification mark.  Which is used by businessmen in business to make their product stand out from other products or companies.  The actual product or company is identified only by the trademark.  The registration of the trademark is done at the District Trade Office.

8  Digital  Products

Digital marketing is known as an online platform where any person can advertise their products or services online through internet or any other digital medium.  The scope of digital platforms in business is endless.  Digital marketing uses various digital platforms to advertise your product or service.

 In today's time, people from all over the world use the Internet, that is, people from all over the world are present online on a large scale.  Now in such a situation, any product can be easily marketed anytime anywhere with the help of platforms like social media, websites, search engines, and email.

9  Copyrights

Copyright ownership gives the owner the exclusive right to use the work, with few exceptions.  When a person creates a work in its original form, stored in a physical medium, he automatically acquires the copyright to that work.

 There are several types of works eligible for copyright protection, for example:

 audiovisual work, such as TV shows, movies, and online videos

 Sound Recording and Music Compositions

 Writing tasks, such as lectures, articles, books and musical compositions

 Visual works, such as paintings, posters and advertisements

 Video games and computer software

 Dramatic works, such as plays and musicals

 Copyright Office The information is made available online and you can consult a lawyer for more information 

10  Audience And Social Media                   Brands

Social media marketing is a powerful way for businesses of all sizes to reach prospects and customers. Your customers are already interacting with brands through social media, and if you're not speaking directly to your audience through social platforms like Facebook, Twitter, Instagram, and Pinterest, you're missing out! Great marketing on social media can bring remarkable success to your business, creating devoted brand advocates and even driving leads and sales.