How to Earn Lakhs?

I receive such kind of queries every month. Many people think that earning lakhs of rupees every month is some kind of secret. They think that stock market hot tips will make lakhs of rupees for them in no time. But well, I will tell you that how you can earn lakhs.

There are several ways of earning lakhs of rupees every month but the important thing is that, which way you chose to earn this much amount of money. You can either chose to do a high paying job, work hard, do the over time and earn lakhs of rupees. For this, you will have to take higher education and professional skills.

Another way is you become a professional such as a doctor, lawyer, accountant, actor, IT Professional or anything else. Becoming a self-employed is a good way to earn lakhs of rupees every month.

The third thing to earn this much money is, you become the Entrepreneur and own a Business. You either acquire the already established business and run it or you simply develop a Business from Scratch and earn this much amount of money. I like this way of earning lakhs very much because, developing a business is the one time hard work. Once you do this hard work, your job will be over. Your Business will run even without your presence.

Many people make this much money every month by developing a passive income stream such as by Investments (Portfolio Income, Rental Income, Interest Income, Pension Plans, Dividend Stocks) or by developing assets such as Books, Novels, Music, Movies, Online Income (Blogs, Forums, Websites, eBay store). The main advantage of developing a passive income is that, you have to work hard at once only to develop this passive income stream.

Once you develop this passive income stream, your job is over. You can make money even while you sleep or travel the world. So there are many ways to earn lakhs but the smart person is one who chose the way which demands one time hard work and income stream for the rest of his life. Yes, I am talking about developing a passive Income streams.