What can I do with 50000 rupees?

Three Smart Things To Do With Rs 50,000
  • Smart Move #1: Prepay your Home Loan. Let's face it – a Home Loan is supremely expensive proposition. ...
  • Smart Move #2: STP into an ELSS. STP... ...
  • Smart Move #3: Boost your Insurance Cover. And by that, I mean by purchasing a simple term plan and a health insurance plan.
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What can I do with 50K?

Here are several ways you could invest $50,000:
  • Take Advantage of the Stock Market. These days, you don't need a stockbroker to trade stocks. ...
  • Invest in Mutual Funds or ETFs. ...
  • Invest in Bonds. ...
  • Invest in CDs. ...
  • Fill a Savings Account. ...
  • Try Peer-to-Peer Lending. ...
  • Start Your Own Business. ...
  • Consider Real Estate Investing.
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What can you buy in India with 50000 rupees?

Diwali 2018: Top gadgets under Rs 50,000 you can bring home this festive season
  • Kindle Oasis. Kindle Oasis Image: tech2/Rehan Hooda. ...
  • GoPro Hero 7 Black. GoPro Hero 7 Black. ...
  • Echo Plus / Google Home. All-new Echo Plus. ...
  • Fire TV Stick (4K) / Chromecast 2 (FullHD) ...
  • Mi TV 4 Pro.
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What investment can I do with 50000?

16 Ways to Invest 50K Safely
  • Pay off your debt. The easiest way to invest your money is by paying off debt. ...
  • Portfolio management. ...
  • Real estate. ...
  • Index funds. ...
  • Mutual funds. ...
  • Max out your retirement accounts. ...
  • Start a business. ...
  • High-yield savings account.
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Is 50K a lot of money?

For most people, $50,000 is more than enough to cover their living expenses for six full months. And since you have the money, I highly recommend you do so. On a different, and equally important note, when you set up an emergency fund, it should be separate from any other savings.
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5 Basic Ways to Grow Money in 2021 (For Beginners)



Is 600k a year rich?

The Trump administration viewed individuals making $500,000 and married couples making $600,000 as rich. Those are the rough income thresholds that now pay the top federal marginal income tax rate of 37%.
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What salary is considered rich?

For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
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How do you grow 50k?

Here are ten ways to invest 50k.
  1. Invest With a Robo Advisor. One of the easiest ways to start investing is with a robo advisor. ...
  2. Individual Stocks. Individual stocks represent an investment in a single company. ...
  3. Real Estate. ...
  4. Individual Bonds. ...
  5. Mutual Funds. ...
  6. ETFs. ...
  7. CDs. ...
  8. Invest in Your Retirement.
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How do you convert 50k to passive income?

How to Make $50k Per Year (Passively)
  1. Invest in real estate. Investing in real estate is a tried and true method for generating passive income. ...
  2. Purchase shares in dividend stocks. ...
  3. Peer-to-peer lending. ...
  4. Write a book. ...
  5. Start or buy a blog. ...
  6. Start a drop shipping business. ...
  7. Sell online courses. ...
  8. Buy a business.
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Where can I invest 50000 for 1 year?

Here are a few of the best short-term investments to consider that still offer you some return.
  1. High-yield savings accounts. ...
  2. Short-term corporate bond funds. ...
  3. Money market accounts. ...
  4. Cash management accounts. ...
  5. Short-term U.S. government bond funds. ...
  6. No-penalty certificates of deposit. ...
  7. Treasurys. ...
  8. Money market mutual funds.
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What is the average Indian salary?

Average Salary and Wage in India

The average salary in India is ₹3,87,500 per year (or ₹32,840 per month).
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How much is a meal in India?

While meal prices in India can vary, the average cost of food in India is ₨682 per day. Based on the spending habits of previous travelers, when dining out an average meal in India should cost around ₨273 per person. Breakfast prices are usually a little cheaper than lunch or dinner.
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How much does a nice house in India cost?

The survey shows that the median house price in a metro is Rs15 lakh. It also shows that it is more expensive to purchase a house in a niche city than in a boom town. The median house price in niche cities at Rs10 lakh is higher than that of boom towns at Rs8 lakh.
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What should I do with 40K?

Other ways to invest $40K
  1. Setting up an additional retirement account such as an HSA or Roth IRA and investing in individual stocks, index funds, or mutual funds.
  2. Paying off a student loan or helping a family member reduce their debt.
  3. Purchasing a CD or 10-year Treasury and saving the money for a rainy day.
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What business should I start as a beginner?

Top Business Ideas for Beginners
  • Franchise. Think of a franchise as a “plug and play” small business. ...
  • Subscription. Consumers are purchasing product and service subscription services in growing numbers. ...
  • Dropship. ...
  • Online course instructor/developer. ...
  • Advertising. ...
  • Courier or Delivery Services. ...
  • Home Cleaning. ...
  • Freelancer.
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How do I convert 10k to 100K?

23 Best Ways To Turn 10k Into 100k
  1. Invest In Index funds. Investing in index funds is one way to increase your income. ...
  2. Invest In Mutual Funds. ...
  3. Invest In ETFs. ...
  4. Invest In Dividend Stocks. ...
  5. Invest In An IPO (Initial Public Offering) ...
  6. Invest In A High Yielding Savings Account. ...
  7. Peer To Peer Lending. ...
  8. Invest In Yourself.
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How can I make 1000 a day?

How can you make an extra $1,000 a day fast?
  1. Deliver food with DoorDash.
  2. Dog sit and dog walk with Rover.
  3. Do projects on HomeAdvisor.
  4. Resell on eBay.
  5. Sell your own products on Etsy.
  6. Start freelance writing for blogs.
  7. Create an online course.
  8. Build a podcast following.
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How can I make 3k a month?

How to make $3,000 in a month from home
  1. Blogging. If you are looking for a way to make $3k a month online, one of the best ways to do this is through blogging. ...
  2. Work as a virtual assistant. ...
  3. Proofreading. ...
  4. Join Focus Groups. ...
  5. Freelance Writing. ...
  6. Become a Pinterest Manager. ...
  7. Transcriptionist. ...
  8. Affiliate Marketing.
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How can I get rich with 30k?

Here are 12 strategies to make your $30k grow:
  1. Take advantage of the stock market.
  2. Invest in mutual funds or ETFs.
  3. Invest in bonds.
  4. Invest in CDs.
  5. Fill a savings account.
  6. Try peer-to-peer lending.
  7. Start your own business.
  8. Start a blog or a podcast.
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How can I make 4000 a month?

How to make $4000 a month from home (10 strategies)
  1. Blogging. Blogging is not a get-rich-quick scheme. ...
  2. Photography. Being a photographer is something many creatives dream of doing professionally. ...
  3. Virtual Assistant. ...
  4. Internet Scoping. ...
  5. Teach English. ...
  6. Freelance Your Skills.
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How can I get money without a job?

You don't need a job to earn income.
...
15 Ways to Make Money Without a Job
  1. Participate in paid market research. ...
  2. Become a virtual assistant. ...
  3. Transcribe audio and video. ...
  4. Sell online. ...
  5. Housesit. ...
  6. Write online reviews. ...
  7. Start a blog. ...
  8. Game on Twitch.
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What should I invest 5k in?

Here are some of the best places to invest $5,000.
  1. Invest in Fractional Shares with Robinhood. ...
  2. Beat Your Savings Account Rate with BlockFi. ...
  3. Build a Micro Real Estate Portfolio with Fundrise. ...
  4. Start a Roth IRA. ...
  5. Let Robots Invest for You With Betterment. ...
  6. Diversify by Investing in ETFs.
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How do I know if Im rich?

If you're two standard deviations higher than the median household income of $69,000 and the median household net worth of $120,000, you're considered rich. At a two standard deviation, you're richer than 97.8% of all Americans.
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Is 50k a year good?

With the proper budget and discipline, $50,000 is an excellent salary. In 2020, the median household income in the United States was about $67,000. Your debt load, dependents, and assets will determine how comfortably you can live with an income of $50k.
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Is Elon Musk rich?

Tesla CEO Elon Musk, who is the world's richest human.

Elon Musk is worth a cool $274 billion. Now, a former auto analyst-turned-market researcher has broken down the number to show how the Tesla CEO amassed such a mind-boggling fortune—and drives home the point that the huge number is really no huge surprise.
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