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Welcome to Personal Finance's Private Community

If you had ₹10L as savings, what side business would you start for a steady parallel income?

If you had ₹10L as savings, what side business would you start for a steady parallel income?- Grapevine

Welcome to Indian Startups's Private Community

I’m 24, Software Engineer, have done many random gigs around, assume I got 50L in my account and want to start something (maybe franchise/airbnb anything) to have a decent passive income, side business. I don’t have any debt or anything of similar sort and can take decent risks (don’t want to invest in stocks, can do that later) What would y’all advise?

Randomly got 50L in your account, what business would you start

Software Developer

So I have 10L in cash and I can take loan for commercial investment. Some examples could be 
- ev bike or scooty agency
- flat that can be given on rent
- marriage hall
etc.

Investment ideas if someone has 10L cash in tier 2 or 3 cities

Software Engineer

What if I have close to 10 lakhs + in cash.
Can I start something in these cities which can at least generate a monthly income of 40/50k for a sustainable long term.
If not what’s the capital needed?
Please note I don’t have any business prior expertise
Uncertainty in tech sector has left me stressed.
I need a minimum of 45-50k to sustain.

I need some ideas.
Lets discuss.

Some sustainable income streams in tier 2/3 cities in India?

It's been close to a year since I am earning a salary and this is what I do:
1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip)

2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF.

3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity.

4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years)

Tips from experienced folks will be much appreciated.😄

How do you invest your salary?

Backend Engineer

Hi all , I have some 10 lacs of savings which I don't want to keep idle in the bank for obvious reasons, 
I need suggestions on where I can invest for the next couple of years with Medium risk involved.
TIA.

Investment ideas

Analyst

Hello!
I'm a resident of Bengaluru, looking for business/ franchise or dealership opportunities. 
Any leads please?

Business ideas 💡

1. Real estate (invested value)
2. Liquid cash
3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

How much wealth have you created yourself?

Seeing the comment section,I realise I am broke.

Frontend Engineer

Just met a dear friend with 10+ yoe and earning 33L per anam. 

He doesn't want to get promoted or salary hike as he is getting enough as per need and wants to have good WLB. He is accumulating a 3cr corpus and planning to retire in 10 years in his hometown in Ranchi.

Debt free - family house in Ranchi and married with no kids - single income. 

Isn't the amount very small/too risky? Considering anything can go wrong in future and you should work really hard in 30s to avoid that as much as you can.

What's your opinion? 

Ps. He is also active here and I took permission to ask this question here

Is this new normal?

That dude has understood life, i’m 25 will do the same

Operations Manager

Hi guys, I will describe my situation—

Introduction—
1. I work at an MNC that pays me monthly 74k.
2. I have 2 yoe in fontend development and I like my work excpet the only thing that makes me not like my work is the constant reminder of deadlines.
3. I therefore feel like doing a side hustle like a business and after some point leave my job.

Idea—
1. Start a vending machine business in India.
2. While there are few companies which have started this business in India in the past 2 years. I see a growing market in the future here.

Finance-
1. I have around 1.54L in mutual funds and around 60-70k in my bank account.
2. A vending machine costs around 2L and operating it will cost around another 15-20k in products.

I need a suggestion on a plan on how I can start the business with the amount of money I have.

my goal- I come from a very lower middle class family, I want to be the greatest man my bloodline has seen . I worked realy hard to get the job, but I don’t feel like I should be here.

Vending machine startup

What are good business ideas or dhandha we can start in Bangalore with min investment.
Eg. Pani puri, chai or even tech related 

And how we can start ,step by step
Looking for guidance and genuine answers

If you had ₹10L as savings, what side business would you start for a steady parallel income?

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