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How to create wealth in Bahubali style - Part 2

How to create wealth in Bahubali style - Part 2

Bahubali first part has been stupendous hit and it raised the question among all the audience on “Why did Katapa killed Bahubali?”. There is so much learning from this movie which is relevant to Personal finance that we have thought of having second part of the blog on “How to create wealth Bahubali style”. All this are based on the first part of the movie alone.

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How to create wealth - Bahubali style

How to create wealth - Bahubali style

Bahubali has made all the movie goers and everybody in awe as nobody expected such a grand movie from regional movie maker. The extravagant sets, dedication of actors, meticulous planning for more than 2 years on swords, bigger sets, dresses etc used in movie really needs a mark in history of Indian cinema. I was bogged down by the magnanimous of this film that i was able to compare it with some of the financial products & awareness required by the common man. It is always easy to explain a complex item or product with a story and hence we always start with a story with kids.

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Best Ways to increase your wealth

Best Ways to increase your wealth

Wealth as same as Love is crazy. For some wealth is nothing but living a contended life with whatever they got till now, for some it is “there is nothing like today” and for some they keep increasing their wealth astonishingly automatically. Ask many who had turned entrepreneurs everyone will say their inspiration is this book. The four quadrants speaks for itself. Employee and Self Employed people are so engrossed in their work that they are not able to look for passive income and they cannot live without Active income in the form of salary or regular orders. Business owners are some one who is an established player in their field but still depends on regular orders to run the show. There will be others employed under them to get the work done. The last category is Investor which means the money earned works on itself. Money working for you is multiplying on itself and compounding which generates passive income. The best example is person getting income from multiple sources. Bill Gates had retired from his company years back, but he earns billions of dollars still and he does philanthropy out of it.

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Best Tax Saving Options for Indians

Best Tax Saving Options for Indians

When it comes to investment in India, many see it as a necessity for tax saving purpose rather than a important decision which may uplift their lifestyle to next level. Some of the most commonly known sections in Income tax are “section 80-C” and “section 80D”. As per current financial year 2016-2017, you will be eligible for 1.5 lakhs under section 80-C & for Insurance you are eligible to a maximum deduction of 25,000 for yourself and another 30,000 for your parents under Section 80-D. If all these sections are used wisely you will be able to save tax and also create your future. Look at investing 5000 every month in ELSS or Tax saving mutual funds for the last 10 years, Top five funds have given more than 15% returns and you will be able to make a mnimum of 13 lakhs by just investing 6 lakhs that too over the period of 10 years. Advantage is that it is tax free and already you had saved a yearly amount based on your tax slabs.

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Best Investment options for NRI

Best Investment options for NRI

Irrespective of your decision to return the foreign country or not, you can choose to invest in India for better returns. Generally all the sectors will improve if there is scope for opportunity across sectors. In India, the scope of development is very large, if it is tourism you have so many naturally breath taking places, if it is culture, there is no other tradition or culture in the world that is as old as of India, Economy is still around 2 trillion dollars and it took almost 7 years to reach 2 trillion dollar economy from 1 trillion dollar economy. Remember that China is around 11 trillion dollar economy and US is a 18 trillion dollar economy. India is vast and scope for automobile, Banking, consumer durables, manufacturing etc to grow at double digit for the next 2 decades is really huge. Investment options for NRI in India is very wide and also with Better investment returns compared to rest of the world.

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