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Tag: Make Money

What will you do if I give you 1 crore or 10 million rupees?

What will you do if I give you 1 crore or 10 million rupees?

    Million dollar ideas, literally!   You really don’t need to have millions of rupees to actually start dreaming about what you would do if you had that much money. Afterall if you don’t even dream about it first how can you convert your […]

Blogging Tips: Beginners Guide to make money from a blog

Blogging Tips: Beginners Guide to make money from a blog

How to write a blog that makes the most money?   Ever since I started Blogging towards the end of 2016, I was very confident that I would be able to hack the secret to a profitable blog. Initially, I believed I had  a wide […]

Work from home and make money online: Why you should Blog

Work from home and make money online: Why you should Blog

How many jobs can sustain your family’s future?

Gone are those days, when one job could support a family of four. Two working parents are very common in India too these days. As I look forward to settling down myself hopefully making great passive incomes from this blog in the future: MilanKaRaja.com, the ideal path to escape this vicious cycle is to save and invest in assets, that can give you capital gains as well as an additional passive income.

You could spend all your money and end up not increasing your wealth, or you could also save and invest a bit more every time you receive an income. This should result in a larger income the next time due to having larger assets. If you could continue this cycle, so as to create additional wealth every time you receive any income, you should ideally create an avalanche of money that grows in size. The Richest man in Babylon suggests that you should save at least 10% of every income and put it to work. If you look at it, this is the only guaranteed way for you to ever become rich. 

You can never rely on a high salary to make you rich, if you do not plan to save, invest and build assets.

Now, Robert Kiyosaki from “Rich Dad Poor Dad” would advice you on many important things, but MilanKaRaja believes that the best solution for the future also lies in the future. By this, I will be stressing on the importance of being computer literate and having a digital presence. The need to have digital assets that continue to bring you additional revenue while serving use as an efficient marketing platform that goes farther than Facebook, LinkedIn or any social media. As you have now built yourself a new brand apart from your name. Your new cashflow can be globally diversified into a recession proof asset, that continues to bring in cash flows perpetually. The mechanics of this gets more interesting as you dig deeper. For now, here is a sneak peak on why you should Blog.

The importance of building Digital Assets!

I could open a restaurant that no one has ever seen and still sell food. Using technological services like Juseat.it in the food delivery business is just one application of a digital asset.

As a rich house owner, I could find easy tenants through Airbnb. Starting from scratch, I could just Blog about ideas in my head and always find someone interested.

Using a Blog as a platform for you to market your ideas can not only generate loads of leads in the future, but you could also gain decent digital revenues in terms of advertisements. You could cash in on passive income even in your sleep.

     Sviluppare applicazioni con PHP e MySQL

Seven reasons why you should Blog to make big money:

    1. Blogging has never been easier.

      1. It has never been easier to start making your own blog today. You not only get advice from a 4 month old blogger like me, but you also get concrete advice from people like Niel Patel etc.
      2. Returns from your blog would be proportional to your effort in making content and marketing it. Start with wordpress to get the hang of it, then check a hosting company like Siteground  which will allow you to use WordPress, Jumla themes and much more. You could create an ecommerce website or even a forum instead of a blog.
      3. For about 4 €/ month you could buy some great hosting services along with a domain for about 10 euros a year. Hit the comments section or the homepage for more info.

Web Hosting

  1. Blogging a niche can make you rich. 

    1. Supposedly, as I have recently discovered, you could make huge money with a Blog if you pick the right topics to Blog about. Writing a travel blog, would enable Airline companies to compete for ad space on your website, while a health blog could attract big money Pharmaceutical companies seeking an audience.
    2. My approach to MilanKaRaja.com is to just cover my life as an Indian expat in Milan. Hence, I write about my passions of making money, travel, Finance etc. If I was a different person, I would just write a blog about the Fashion in Milan, which seems like a great idea, but unfortunately away from my interests. Yes, there are people in this world, who may have worked as a sales clerk in a shop to only end up writing beautiful blogs about the clothes they work with making loads of money today.
  2. Using a Blog to sell yourself and build your digital putrescence. 

    1. As you will be writing on topics you are passionate about, a blog can help your primary activity. Imagine you are a sales person in the health care industry with regular viewers from around the world interested in your domain. You could quickly reach out to loads of people when you want. Nothing like a Blog to boost your credibility. Even if you create an amateurish Blog like MilanKaRaja.com, you would still manage to write a few decent articles with practice which will go a long way in enabling you to connect with your readers. You never know who is reading, a big investor, a great business partner, a client or just some old friends. Blogging about your interests is almost like setting up a little shop of interesting stories. Add a few affiliate marketing links in between along with some ad space for Google Adsense, Media.net, etc
  3. Affiliate marketing embedded within can boost returns.

    1. Prepare your content and keep pimping it up when you can. Work faster and you see faster results. Remember that your cumulative effort will give you cumulative results.
  4. Learn programming and you will be your own money making machine.

    1. Make your own WordPress Themes or just make your own apps and use your Blog to market it. Possibilities are endless, and learning to program has never been easier as well. If you understood concepts like APIs you could have used the Google Maps API to make something like Airbnb in a jiffy. The deeper you dig, the easier it gets. Also try not to loose hope when things feel complicated. Try to find the quickest solutions to issues and then get ready to start again as you have explored enough of all you can do. The domain is huge and best practices to web development can be found online in blogs on Triberr. There is always so much to do in building your website, as a beginner playing around for a few months, I surely have understood a lot of cool stuff. But the key is persistence as 95% of bloggers give up on their blogs. I am here for the long haul.
  5. Adding a Donation tab gets you money too. No kidding!

  6. Freelance:

    1. Finding a great Job is easier once you Blog. Not only do you market your profile, but you also build trust with a Blog.
    2. Looking at the big picture, Blogging will help you become a better business man.
    3. It is the best way to display your thought process on various topics.
    4. I would love to read a blog before I hire, to get a better understanding of a person’s mind set and creativity. Post a few blog posts on LinkedIn and you will find yourself getting noticed by more recruiters.

 

Work from home and make money online: Why you should Blog

Read more interesting stories at milankaraja.com

Milankaraja knows the best. Look no more. Bushlark could be the ultimate travel app.

 

How to improve website ranking by millions?

How to improve website ranking by millions?

How my Alexa website rank became 3 million I keep checking my website ranking on Niel Patel’s website regularly. Click here to check your website’s SEO score now. I started out with an Alexa rank of 18 million and a page score of D when I first […]

What is FinTech and Digital Currency? Should I buy Bitcoins?

What is FinTech and Digital Currency? Should I buy Bitcoins?

How can FinTech help you make money? FinTech refers to an industry composed of companies using innovation and technology to compete with traditional financial institutions in the delivery of financial services. They are easing payment processes, eliminating fraud, saving costs, increasing financial planning, thus benefiting the Financial […]

Want to retire early? Build your Financial Fortress today!

Want to retire early? Build your Financial Fortress today!

How to plan your financial future?

 

This Blog is going to discuss conventional retirement planning with a millennial friendly accelerated retirement plan, so as to feel richer and secure earlier in life. To think about it, if your are in your late 20s and early 30s then you have gained a great understanding of the world from different perspectives to have enjoyed as well as disliked it.

Now could be a great time to finally start making some money. You may have walked the line from Left to Right, understanding better how the whole world functions, begun to appreciate capitalism as you build your little investment pot in assets, to have traveled enough, to start Blogging every trip to monetize it, making small savings as they will be of use on a later date.

Now is the time to love economic prosperity and spending of others as you will be now invested in the direction of economic prosperity for all.

Approach to life: For a prosperous future

Your future could depend on the ability of the youth to continue to contribute for your pensions. A better world of informed people, doing great financially is mutually beneficial for those already invested.

With time, investment in equity tends to rise multi folds, thus protecting your hard earned money from inflation, putting it to productive use. So you basically need assets that generate income streams. Use the income to buy more assets, so as to finally end up having enough income to be able to reinvest and spend it conveniently.

Older citizens invested in the youth need to make sure that the youth are able to be more productive than the earlier generation. Productivity, health and education go together.

What is Conventional Retirement Planning?

The things most people do. Live frugal, save and invest in equities, real estate, gold etc. My strategy has been the same as I was never too keen of trading my equities too often in short term at least.

Or going big in some successful side business activity. My approach to equities was to remain broadly invested long passively, hoping to be rich in 20-30 years. Of course, I too had planned to accelerate the process by making more income and staying decently frugal.

Making a Blog and use it to market other services like Web Development and Equity Research reports as an additional source of income was thought of to be one way to go about things. But my approach is still too conventional and novice. Need to up the game.

Need to get in limitless mode to accomplish your retirement plan if you want to get really rich earlier. Your investments will compound with time, but that is exactly the problem, it will take time.  To save time, you need to start making big and continue to save & invest big.

What is MilanKaRaja Retirement Planning? 🙂

You may also go ahead in doing a business where you directly manage bigger risks. Trade on equities by Active Investing along with passive investing to give them a boost in returns might help. Dividend reinvesting is conventional wisdom, but needs to be highlighted again.

So in all say you have your Paper assets, Real Estate and your Business, the later two will help you retire early. Paper assets will need more time to compound unless you have been really good in picking some really great stocks in big amounts.

Apart from equities, my approach to retirement planning is to build up systems. Do you travel a lot, are you able to monetize your travel experience?

What about a cool job? Do you teach what you learn?

Starting a self business has never been easier. You can accept digital payments easily with your own website.

I am just an amateur. Maybe even inspired from kids younger than me. But I am confident of my Blogging expedition. I would totally recommend everyone else to do it too. Make better use of weekends and set your Blog up.

Creating digital assets is the key focus of my retirement planning. You need to boost your incomes and sometimes little effort on a website can give you immense returns.

My stock portfolio is very much diversified. Invested mainly in dividend paying companies. Spread across the spectrum. Have a great mix of large, Mid and Small Cap. A few risky bets that hopefully might make me richer. But I dont bother about that much. My stocks are for the long term. All the way to retirement. The aim is to build my stock portfolio.

As those consistent dividends are best left passive.

What is a good retirement game plan?

Go frugal now. Save and invest properly to build enough assets to earn enough residual income that exceeds your personal expense. If you have reached this stage then you have successfully built a loop that will only keep increasing considering that you don’t incur any unexpected big expense in the short term.

Make sure to have assets whose returns consider the effects of inflation as well. Owning equity allows you to hedge yourself from inflation, while fixed income bonds would not do good as inflation eats up your fixed returns with time. If you are young and have time, go for good equity of fundamentally strong companies with a few well thought high risk picks.

Make sure to have diversified uncorrelated assets as well. Have equity, money in bank, some fixed assets, some gold, some real estate, some Blogs, some other crazy new business ideas, some free lancing, some consulting services. Its all money making so the experience in each should all be related and useful right? The Indian Demonetization of currency has reduced capital gains to equity holders, making money in bank a safer option across the country.

The important thing to take away is my realization of accomplishing a goal to have enough passive income to meet my expenses comfortably. Breaking this down to further little goals quickly will help you reach there faster.

Once you reach this stage, you should be knowing well how to make income in a way that you truly enjoy. Keep the loop going and growing to reap bigger returns.

Read this interesting blog to learn more (Click here). Though dont trust everything you read online, think well about it.

Read more interesting stories at milankaraja.com

 


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