You can earn 5 lakh rupees in a year! Know how to do this?
Welcome back to our informative blog site knowing steps360. Who would not want to earn money (Earn Money)? If you also want to earn five lakh rupees in a year. For this, first of all, you have to do the right investment planning. Explain that earning 5 lakh rupees in a year means that you will have to earn around 41,666 rupees every month. So, let us tell you about how in both cases you can earn five lakh rupees within a year.
Everyone wants to earn money. But there is something for him in his mind that how he can earn more and save more money. To earn five lakh rupees in a year means that you have to earn 41,666 rupees in a month. That is, you have to earn 1,666 rupees every day.
Invest money in the stock market
If you want to earn more profit on your investment, then you have the option to invest in the stock market. In which you can earn at least 15 percent of the profits in a year.
If you want to withdraw your money before going over the stock market, then you will have to pay more tax there. If you want to get returns at the rate of 15 percent, then you have to invest at least 30 lakh rupees in the stock market.
Invest in mutual funds
You can also invest in Mutual Funds. You can get up to 10-12% returns on all mutual funds. If you want to earn five lakh rupees through it in a year, then you will have to invest 43-46 lakh rupees in mutual funds.
Can invest in FD(Fixed Deposit)
You can also make money by investing in FD, but most banks are giving 5-7 percent annual returns. In such a situation, if you want to earn five lakh rupees in a year, then you have to invest 60-70 lakh rupees. Now comparing it where you are getting more returns. You can calculate how much money will have to be invested to earn five lakh rupees in a year.
*** Many Others Way to do a good amount to earn some different ways but the above process will best and gives more and more profit for earning money in one year. Mainly investment process is different from others earning sources which we see in the working and service section.
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