Please suggest any business in tier 2 city, which allow a monthly income around 50K.

Ans: You can approach NBFC and banks for relevant jobs

Ans: Dear Mr. Asif, As you had worked for two good automobile companies in their mfg units , your experience will be useful for any other automobile company however as you are not in job for the past 5 yrs , Many companies don't prefer candidates who are not in job hence to get a job in Company may not be easy but your experience will support you to get into good automobile dealerships in their service deptt. Starting a new business is risky and requires huge fund. In case you are so interested , you may start a service centre for vehicles of your domain.

Ans: Rohith,
I can't say anything based on what you have indicated. You need to give me some more information or background.

Ans: Firstly, I must commend you for your entrepreneurial spirit and your dedication to improving your financial situation.

Investing wisely can indeed be a pathway to greater wealth, and your willingness to explore options is admirable. With your current financial position and aspirations, it's essential to approach investment with caution and diligence.

Before diving in, take a moment to reflect on your risk tolerance and investment goals. Understanding these will guide your decisions and help manage expectations.

Now, with your budget in mind, let's explore some potential avenues for investment:

Consider starting with diversified mutual funds or index funds. They offer a balanced approach to investing, spreading risk across various assets.
Explore the stock market cautiously. With thorough research and guidance, you can identify promising companies poised for growth.
Peer-to-peer lending platforms can offer attractive returns. However, be sure to understand the associated risks and choose reputable platforms.
Investing in yourself is also crucial. Consider furthering your education or acquiring new skills relevant to your business or industry.
Don't overlook the potential of online businesses or e-commerce ventures. With your business acumen, you may find success in this rapidly growing sector.
Remember, patience and persistence are key virtues in the world of investment. It's essential to stay informed, adapt to market changes, and remain disciplined in your approach.

Lastly, never hesitate to seek guidance from a Certified Financial Planner like myself. We're here to offer expertise and support on your journey towards financial success.

Keep your spirits high, and trust in your ability to make informed decisions. Your commitment to improving your financial situation is admirable, and I'm confident you'll achieve your goals with perseverance and sound planning.