Sabtu, 20 Februari 2010

How To Earn Crores?

How To Earn Crores?

This is one of the commonest question that people ask me. Well, it is possible to earn crores of rupees in your life. Here are the possible ways to earn crores. I have divided these ways into 4 broad categories.

01) Job – Get some high paying job at the management level of some large Corporation or at some multinational company

02) Self-Employment – Another thing you can do is you choose some high paying profession such as Doctors, lawyers, Film stars, IT Professionals…etc…

03) Become an Entrepreneur – You own a Business and earn crores

04) Investor – You Invest your money and make your money work for you rather than you work hard for the money.

Thus, you can earn crores of rupees from any one or all of the above ways. It is possible to earn crores from any of the above ways. However, I personally like the third and fourth way to earn crores. This is because these are the types of Passive Income.

It is possible to earn crores by doing a job or self employment but the only problem is that these are the types of active income means you will have to work hard for whole of your life and if you stop working, you will loss that entire income stream.

But in case of a Business or Investments this is not the case. You will have to work hard at once only to develop a successful business. Now, this is the one time hard work. Once you do this hard work, your job is over. That money will keep flowing into your bank accounts. And this is why I advise you to develop the passive income streams in your life.

Take the Example of this Blog. This Blog is my Internet Business and it is my passive source of Income. So I have to work hard at once only to develop it. Suppose if today I stop working behind this blog, this will only stop growing. But it will still make money for me for the rest of my life.

So Focus on building a passive income stream from your early life and you will become financially free.

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