Passive Income you should Know.

Gear Up your Income from multiple sources

Just as diversification in your portfolio is valuable, so receiving income from numerous uncorrelated sources.Instead of developing multiple streams of income, the typical Indian people spend 1-2 decades developing a single income source. It might be the equivalent of anything, but even so, it can dry up surprisingly rapid. Think about all the things that could put an end to your professional income. Keep in mind that some of these can be insured against, but many cannot.

Benefits of Multiple Streams of Income.

The development of multiple streams of income provides a number of other benefits.

Higher Income

Who couldn’t use a few more bucks every month? Even if you don’t need it to fuel your lifestyle, it could accelerate your path to financial freedom or allow you to cut back on hours worked.

Lower Insurance Needs.

If you have streams of passive income that will provide for your loved ones in the event of your death, or you in the event of disability, you can spend less money on life and disability insurance.

maintain your Risk

Loss of your job often means an expensive relocation to another city due to non-compete agreements. It may also mean 6 months without income

You may have to sell your house at a loss or even liquidate investments in a down market to tide you over through a period of lost income. Because of this, employers have an advantage over you in negotiations. But if you have multiple streams of income, you don’t have to play by their rules and you retain negotiating advantage. You know there will still be money coming in every month even without your main job.

Tax Advantages

Many streams of income are taxed at a lower rate than the income from your main job. Many types of investments and real estate offer advantages this way. A side business may also allow you tax deductions such as “business” trips, travel costs, and a home office.

Security

Additional income not only provides peace of mind, but it also means you need less money to retire on.

be happy with Family

Many people find it rewarding to have a business where they can work with family, or teach their children the value of work. Many streams of income can be cultivated from home, where you can watch young children, or be interrupted frequently by them while still earning money.

The best additional streams of income are those that you enjoy. A hobby leveraged into an income may provide a welcome break from the daily hectic job.

To Know more about passive income drop a mail at info@assccl.com

visit us https://assccl.com/ call or WhatsApp 9844222272

Comments

ವರಮಹಾಲಕ್ಷ್ಮಿ ಹಬ್ಬದ ಶುಭಾಶಯಗಳು : Ayshwarya Syndicate

॥ ವರಮಹಾಲಕ್ಷ್ಮಿ ಹಬ್ಬಕ್ಕೆ ಒಂದು ಸಣ್ಣ ಕಥೆ ॥ ಓರ್ವ ಸಿರಿವಂತ ಅವನಿಗೆ ನಾಲ್ಕು ಜನ ಮಕ್ಕಳು. ನಾಲ್ಕು ಜನ ಸೊಸೆಯಂದಿರು ಸಿರಿ - ಸಂಪದ ಯಾವುದಕ್ಕೂ ಕೊರತೆ ಇರಲಿಲ್ಲ . ಒಂದು ದಿನ ರಾತ್ರಿ ಸಿರಿವಂತನು ಮಲಗಿರುವಾಗ ವಿಚಿತ್ರ ಕನಸು ಕಂಡ ಮನೆಯ ಭಾಗ್ಯಲಕ್ಷ್ಮಿ ಹೊರಗೆ ಹೋಗುತ್ತಿದ್ದಳು ಅವರೀರ್ವರ ಮಧ್ಯದಲ್ಲಿ ಸಂಭಾಷಣೆ ನಡೆಯಿತು . ಲಕ್ಷ್ಮಿ - ಸಿರಿವಂತನೆ ನಾನು ಈಗ ಹೊರಗೆ ಹೋಗುತ್ತಿದ್ದೇನೆ ನಿನಗೆ ಏನು ವರ ಬೇಕು ಬೇಡು ಕೊಡುತ್ತೇನೆ ಸಿರಿವಂತ - ಈಗ ಈ ಮನೆಯ ಹೊಣೆಯನ್ನು ನನ್ನ ಮಕ್ಕಳು ಮತ್ತು ಸೊಸೆಯಂದಿರು ವಹಿಸಿಕೊಂಡಿದ್ದಾರೆ ಅವರಿಗೆ ಕೇಳಿ ಹೇಳುತ್ತೇನೆ . ಲಕ್ಷ್ಮಿ - ಆಗಲಿ ಅವರಿಗೆ ಕೇಳಿ ನನಗೆ ತಿಳಿಸು . ಮರುದಿನ ಮುಂಜಾನೆ ಸಿರಿವಂತನು ತನ್ನ ಮಕ್ಕಳಿಗೆ ಕರೆದು ನಡೆದ ಸಂಗತಿಯನ್ನು ಹೇಳಿದ ಅದನ್ನು ಕೇಳಿ ಹಿರಿಯ ಮಗ ಹೇಳಿದ - ನೂರು ಜನ್ಮ ಕುಳಿತು ಉಂಡರು ಸವೆಯಲಾಗದಷ್ಟು ಸಿರಿ ಸಂಪತ್ತು ಕೇಳು . ಎರಡನೆಯ ಮಗ ಹೇಳಿದ - ಸಂಪತ್ತು ಸ್ಥಿರವಲ್ಲ ಯಾರಾದರೂ ಕಳವು ಮಾಡಬಹುದು ಅಲ್ಲವೇ ಕಸಿದುಕೊಳ್ಳಬಹುದು ಭೂಮಿಯನ್ನು ಮಾತ್ರ ಯಾರೂ ಕಳವು ಮಾಡಲಾರರು ಕಸಿದುಕೊಳ್ಳಲಾರರು ಸಾವಿರಾರು ಎಕರೆ ಭೂಮಿಯನ್ನೇ ಕೇಳಿ ಬಿಡಿ ಮೂರನೇ ಮಗ ಹೇಳಿದ - ಈ ಸಿರಿ ಸಂಪದ ಭೂಮಿ ಸೀಮೆ ಏನು ಮಾಡುವುದು ನಮ್ಮ ಕೈಯಲ್ಲಿ ಅಧಿಕಾರ ಇಲ್ಲದಿದ್ದರೆ ಸಿರಿ ಸಂಪದ ಭೂಮಿ ಸೀಮೆ ಯಾವುದೂ ಸ್ಥಿರವಲ್ಲ ಆದುದರಿಂದ ಎಂದೆಂದಿಗೂ ನಮ್ಮ ಕೈ ಬಿಡಲಾರದಂಥ ಅಧಿಕಾರವನ್ನೇ

All About ASSCCL Saving Accounts

Saving Account Opening a # Savings_Account (SB) at Ayshwarya Syndicate Credit Co-Operative Limited comes with many added privileges compared to other co-operative societies and banks. ASSCCL provides a No Frills Account to members, i.e. the members can operate the account at zero balance too. Additionally, you also get annual 8%* of savings account interest rate. ASSCCL Savings Account Features & Benefits Minimum Balance Required – NIL Interest Rate – 8%* per annum Unlimited Transactions without any charges Nomination Facility SMS Facility Mobile Application Facility Fund Transfer Facility through NEFT/ RTGS Incoming NEFT Facility Statement Facility without any charge HIGH-INTEREST SAVINGS ACCOUNT Being one of the most recognizable credit co-operative societies in India, Ayshwarya Syndicate Credit Co-Operative Limited provides the best financial products to their members. Right from basic products to exclusive products, we at Ay

ASSCCL Savings Account

Savings Account Opening a Savings Account (SA) at Ayshwary Syndicate Souharda Credit Co-Operative Society comes with many added privileges compared to other co-operative societies and banks. Ayshwarya provides a No Frills Account to members, i.e. the members can operate the account at zero balance too. Additionally, you also get annual 8%* of savings account interest rate. ASSCCL Savings Account Features & Benefits Minimum Balance Required – 25,000 to Avail This Interest rates Interest Rate – 8%* per annum Automatic Open Facility with (For New Members) Unlimited Transactions without any charges Nomination Facility SMS Facility Mobile Application Facility Fund Transfer Facility through MMA or NEFT/ RTGS Incoming NEFT Facility Statement Facility without any charge HIGH-INTEREST SAVINGS ACCOUNT Being one of the most recognizable credit co-operative societies in India, Ayshwary Syndicate Souharda Credit Co-Operative Society

Ayshwarya Syndicate Souharda Credit Co-Operative Ltd

Search This Blog