Posted by: OnToTheNextOne December 18, 2016
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Manuwa,
It's nothing fancy or super complicated. Basically, the old adage, "money makes more money" applies. Here is one example - If you deposit 10,000,000.00 in any Nepalese bank as fixed yearly saving you can yield min 7% interest (paid to you every 3 months) which is the current rate at most grade B banks (finance/development banks) but it can go up to 10% in some cases. Grade A banks such as Nabil or Standard Charter offer less than 4%.
How do you get to one or more 10,000,000.00 to begin with? There are many different ways to do this and I'm no genius but some popular ones include ownership in assets that appreciate over time such as rental properties, growth stocks and stocks that pay dividends, self sustainable online business that run without any overhead, offering personal shark loans based on a collateral (only done in Nepal) and many more. With all that you also need to have goddess Laxmi blessing on your side too :)
OnToTheNextOne
It's nothing fancy or super complicated. Basically, the old adage, "money makes more money" applies. Here is one example - If you deposit 10,000,000.00 in any Nepalese bank as fixed yearly saving you can yield min 7% interest (paid to you every 3 months) which is the current rate at most grade B banks (finance/development banks) but it can go up to 10% in some cases. Grade A banks such as Nabil or Standard Charter offer less than 4%.
How do you get to one or more 10,000,000.00 to begin with? There are many different ways to do this and I'm no genius but some popular ones include ownership in assets that appreciate over time such as rental properties, growth stocks and stocks that pay dividends, self sustainable online business that run without any overhead, offering personal shark loans based on a collateral (only done in Nepal) and many more. With all that you also need to have goddess Laxmi blessing on your side too :)
OnToTheNextOne