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Abhishek

Abhishek Shah  |44 Answers  |Ask -

HR Expert - Answered on Sep 12, 2023

Asked by Anonymous - Sep 11, 2023
Career

I want to earn from my laptop at the comfort of my home. What are the ossible ways to do so ?

Ans: Hello,

Earning money from the comfort of your home using your laptop is entirely possible, thanks to the digital age and the rise of remote work and online opportunities. Here are several possible ways to earn money online:

Freelancing: Offer your skills and services on platforms like Upwork, Freelancer, or Fiverr. Depending on your expertise, you can find work in areas such as writing, graphic design, web development, digital marketing, and more.

Online Consulting or Coaching: If you have expertise in a particular field, you can offer consulting or coaching services via video calls or webinars. This could include business consulting, career coaching, fitness coaching, or any other specialized knowledge.

Content Creation: If you enjoy creating content, consider starting a blog, YouTube channel, or podcast. You can monetize these platforms through advertising, sponsorships, affiliate marketing, and selling digital products or merchandise.

Remote Jobs: Many companies now offer remote job opportunities in various fields, including customer service, software development, data analysis, and project management. Websites like Remote.co and We Work Remotely list such job openings.

E-commerce: Start an online store using platforms like Shopify or Etsy. You can sell physical products, dropshipping items, or digital products like e-books or printables.

Online Courses and E-learning: If you have expertise in a particular subject, you can create and sell online courses through platforms like Udemy, Teachable, or Coursera.

Stock Trading or Investing: If you have an understanding of financial markets, you can explore online stock trading or invest in stocks, cryptocurrencies, or other assets.

Affiliate Marketing: Promote products or services through affiliate programs and earn commissions for each sale or lead generated through your referral links.

Remote Internships: Some companies offer remote internships, which can be a great way to gain experience and earn money from home.

App Development or Software Development: If you have coding skills, you can develop mobile apps, software, or websites and sell them or earn money through advertisements and subscriptions.

Online Surveys and Market Research: Participate in online surveys or market research studies on platforms like Swagbucks or Survey Junkie. While this won't provide a substantial income, it can be a way to earn some extra cash.

Virtual Assistance: Offer administrative support, customer service, or social media management services to businesses and entrepreneurs who need remote assistance.

Remote Writing: Write articles, blog posts, or copy for websites and online publications. Many content agencies and websites pay freelance writers for their work.

Dropshipping: Set up an e-commerce store and partner with suppliers to fulfill orders. You won't need to hold inventory as products are shipped directly from the supplier.

Online Tutoring or Teaching: If you're knowledgeable in a subject, you can offer tutoring services or teach online courses through platforms like VIPKid, Chegg Tutors, or iTalki.

Remember that success in any of these online endeavors often requires time, effort, and dedication. It's essential to research and choose the path that aligns with your skills, interests, and long-term goals. Additionally, be cautious of scams and always verify the legitimacy of online opportunities before investing your time and money.

Regards,
Abhishek Shah

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Dev

Dev Ashish  |27 Answers  |Ask -

MF Expert, Financial Planner - Answered on Apr 26, 2023

Asked by Anonymous - Apr 24, 2023
Money
How do I earn monthly income of 2 lakhs post retirement which is 15 years away? Please suggest options
Ans: If we calculate using a few assumptions, like post-retirement life of 25 years; average inflation of 6% pa during that period, and portfolio returns of about 8% (assuming a judicious mix of equity and debt with a higher allocation to the latter), then you need to have a corpus of about Rs 4.8 Cr. This is to ensure that starting at Rs 2 lakh monthly (after 15 years), your monthly income from there on increases by at least 6% assumed inflation. And starting from zero, you need to invest about Rs 1.1 lakh per month assuming equity:debt 50:50 and this monthly investment amount should increase by at least 5% every year.

To reach this target corpus, you have a sufficiently long runway of 15 years. So you should be willing to invest a major chunk in equities via equity funds if your risk appetite allows for it. You may also have some of the existing assets, which too can be earmarked towards this retirement corpus.

As mentioned, for equity allocation, choose diversified equity funds categories like passive largecap funds, flexicap funds, and large&midcap funds (and if you have a sufficiently high-risk appetite, then mid-and-small cap funds as well). For debt, your EPF+VPF alongwith PPF should be sufficient.

When the time comes for retirement (in 15 years), you may have to divide your portfolio into 2 buckets. One to take care of income needs (via SCSS, debt funds, PPF withdrawals, bonds, etc.) and the other for growth (via equity funds and ETFs)
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