How to earn 1 crore passive income in 2023 ?


Earning Rs. 1 crore in 2023 may not be easy, but it's certainly possible with the right strategy and effort.

Say Yes to New Opportunities

Here are some ways you can potentially achieve this goal:

1. Launch a profitable business:

One of the best ways to make a lot of money is to launch a productive business. Find a market niche, then develop a novel business concept with the potential for quick expansion. Start your company, work hard to make it profitable, and then aggressively grow it.

2. Purchase stocks and other financial products:

Purchasing stocks or other financial products can be a great way to increase your wealth. But it entails risk and necessitates a substantial amount of knowledge and experience. Invest in a diversified portfolio of stocks, mutual funds, and other financial instruments after conducting thorough market research and consulting with financial consultants.

3. Real estate investments:

Buying and selling real estate can be a lucrative way to make a living. Invest in real estate that has the potential to increase in value over time, then rent it out to generate passive income. As an alternative, you can also purchase and sell homes to make money.

4. Freelancing:

Working from home while freelancing can be a terrific way to make a lot of money. Determine your strengths, register as a freelancer on sites like Upwork, Fiverr, or Freelancer, and begin submitting bids on assignments that fit your qualifications.

5. Create a YouTube channel:

Creating interesting material for a YouTube channel might be a terrific way to make a lot of money. Through sponsorships, advertising, and selling goods, you can make money.

Parag Nesarikar
A Indian-based Financial Advisor, Author Speaker & Digital Entrepreneur.

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