Passive Income India: How to generate Passive Income Streams in India?
If you don’t know What is Passive Income & How it works than first of all read my basic article,
Now, if you have read and understand about the basics of Passive Income, let us discuss that How you can generate Passive Income stream in India?
Well, see. India is a world’s second largest country population wise. There are above 1 Billion (100 Crore) People in India which makes India, world’s second largest market after china.Here are the various ways to develop Passive Income streams in India. I will start from simple to advanced ways.
01) Interest Income: -
This is the simplest method to generate a passive Income. Here you work hard, make money, save vigorously and after that put that money in Savings Account, Fixed Deposits, Government Bonds, Debt Funds, Recurring Deposits, Post Office Schemes or any other Debt Instrument. The Interest Income will keep flowing in your bank accounts for the rest of your life.
02) Dividend Income: -
This is better than the Interest Income. Because along with the Income, it also gives you the Capital Gains. Here you work hard for decades to build a portfolio of dividend paying stocks. Acquiring dividend paying stocks is a one time hard work only. Many people are living on the income from their dividends portfolio only.
03) Rental Income: -
Here you have to acquire a rental property. Once you acquire the rental property, you can have a nice passive income flowing into your bank accounts. I advise you to buy a rental property in Tier-II cities of India such as Ahmedabad, Pune…etc… This is because rental properties are cheap there in comparison to Metros.
04) Become an Insurance Agent: -
You can also become an Insurance Agent with some reputed company like LIC. This Income is a passive income. Here you have to build a client list and sell the Insurance products to them. Once you make a new Insurance Policy, you will receive money every time when the policy holder renew his policy.
05) Internet / Online Income: -
This is the Best Income I have ever seen in my life. In fact, the Income from my this Blog Business comes from this way only. After the birth of the Internet in 1990, this new Income stream came into exist. And people from all around the world are making tons of money. But in India, people still don’t know about this new generation passive income stream.
You have to work hard at once only to develop the successful Blog, Forum or a website. Once you develop the successful Online Asset, your job is over. The tons of money will keep flowing into your bank accounts for the rest of your life. This is the Income stream of the next generation. And that’s why I advise youngsters to start their own Internet Business.
Thus, all of the above are the Passive Income India. You can focus on any one or more of the Passive Income.
If you don’t know What is Passive Income & How it works than first of all read my basic article,
Now, if you have read and understand about the basics of Passive Income, let us discuss that How you can generate Passive Income stream in India?
Well, see. India is a world’s second largest country population wise. There are above 1 Billion (100 Crore) People in India which makes India, world’s second largest market after china.Here are the various ways to develop Passive Income streams in India. I will start from simple to advanced ways.
01) Interest Income: -
This is the simplest method to generate a passive Income. Here you work hard, make money, save vigorously and after that put that money in Savings Account, Fixed Deposits, Government Bonds, Debt Funds, Recurring Deposits, Post Office Schemes or any other Debt Instrument. The Interest Income will keep flowing in your bank accounts for the rest of your life.
02) Dividend Income: -
This is better than the Interest Income. Because along with the Income, it also gives you the Capital Gains. Here you work hard for decades to build a portfolio of dividend paying stocks. Acquiring dividend paying stocks is a one time hard work only. Many people are living on the income from their dividends portfolio only.
03) Rental Income: -
Here you have to acquire a rental property. Once you acquire the rental property, you can have a nice passive income flowing into your bank accounts. I advise you to buy a rental property in Tier-II cities of India such as Ahmedabad, Pune…etc… This is because rental properties are cheap there in comparison to Metros.
04) Become an Insurance Agent: -
You can also become an Insurance Agent with some reputed company like LIC. This Income is a passive income. Here you have to build a client list and sell the Insurance products to them. Once you make a new Insurance Policy, you will receive money every time when the policy holder renew his policy.
05) Internet / Online Income: -
This is the Best Income I have ever seen in my life. In fact, the Income from my this Blog Business comes from this way only. After the birth of the Internet in 1990, this new Income stream came into exist. And people from all around the world are making tons of money. But in India, people still don’t know about this new generation passive income stream.
You have to work hard at once only to develop the successful Blog, Forum or a website. Once you develop the successful Online Asset, your job is over. The tons of money will keep flowing into your bank accounts for the rest of your life. This is the Income stream of the next generation. And that’s why I advise youngsters to start their own Internet Business.
Thus, all of the above are the Passive Income India. You can focus on any one or more of the Passive Income.
