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How Can a 25-Year-Old With Limited Resources Make Money?

Ramalingam Kalirajan |6968 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 05, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Question by Amit on Nov 04, 2024Hindi

Money

How to make money ?

Ans: To make money, focus on multiple income streams:

Invest in mutual funds, stocks, or bonds for long-term growth.

Save consistently and set aside emergency funds.

Acquire skills to increase earning potential—consider freelancing or side jobs.

Start a business if you're entrepreneurial.

Rent assets like property or vehicles for passive income.

Plan financially to manage income, investments, and expenses smartly.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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My son wants to do a program in undergrad in USA combining computer science and designing . What kind of majors he can choose, what are good universities for these programs .

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I am 50 years old. Having a housing loan with 16500 emi for another 13 years. Also I am having a cc loan for which I am paying 5000 p.m. interest. I have a son studing in 11 th science. My monthly household expenses are 12500. My income is 35000 p.m. Please guide me so that I can retire at age 60 with atleast some Pride.

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Question by P - Oct 24, 2024Hindi

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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