Thursday 26 September 2019

Posting your boarding pass picture on social media can put you in trouble, Reason why?


People posting boarding pass on social medias like whatsapp, facebook, instagram and  all  are literally revealing  their  on  identity  to  hackers  and making hackers  life  easy to  access your  accounts and   private information  including  mobile  number, mail id and date of birth.

Look at your boarding pass, did you find anything special? You have no idea what they are about, probably just a lot of digits and letters.
There is a reason for all these digits and letters on a boarding pass.

Boarding pass etihad airways
Boarding Pass of Etihad Airways
Every numbers or data on these boarding passes provides your/airlines information you travel.
But how do you understand that your private data is safe from those individuals you would like to conceal?  The response could shock you.

Popular Mechanics (Magazine publishers) says you  would  like  to  take  further  action  to safeguard your  data  if you find a six-digit  number  on  your boarding pass.
Safety scientists say hackers can use these  six-digit code  printed  on  boarding  passes  and  baggage  reservations to  discover  any  Passengers name record (PNR).

One can access private information of passengers even by guessing the PNRs  and alter customer contact information’s.
Accessing PNR codes would allow hackers touse your private data to do all types of stuffs.
According to Safety Detective, Hacker can cancel and alter the client bookings, stealing  frequent fly miles  rewards,  altering  seats  or even  altering  a  client  email  and  phone number.



Thursday 12 September 2019

HOW EXPATS IN THE UAE CAN BEGIN TO SAVE CASH

Keep every Dh1, will change and surprise yourself

Remember when you were young that you had those coin banks? Small savings and donations of cash generally made their way to fancy containers of cash and helped us accumulate our own wealth.
Start doing it again, for the sake of fun. Store every Dh1 coin you get as a change and keep placing it in a box, jasper jar, or anywhere you like.

Just don't withdraw anything for a year and you might have enough to fund a music concert ticket.

Dollar, cash, savings, money, how to make money online for free
100 US Dollar

Living from paycheck to paycheck is not the best way to have a life that is financially stress free. Many of us, however, are guilty of doing this. Why? Well, it might be because we are often consoled that we don't gain enough to save first.

It is our costs that are on an auto-pilot mode rather than savings. But developing a saver's attitude and getting our financial health in order is not difficult.

A bit of refit can certainly allow us to squirrel away some moolah and give a boost to our saving attitude.

So we're exploring ways in the third part of our #Be Moneywise series of how you can kick-start this saving journey-and feel good about it.

Make your savings automated
Automation operates not only for people like you and me, but also for governments.                  
A number of nations and businesses worldwide use standard choices that encourage individuals to save for pension or pay for insurance.
This implies that even before individuals are paid, a portion of the paycheck goes to the savings kitty.

Better Planning will make you a Millionaire  

Recurring deposit: The best and most consistent way to save is to put a certain quantity into committed accounts that will assist you gain a little extra each month.
If you have not yet constructed an emergency fund, it's time to make use of a recurring deposit account. Most banks give this facility and you can open it alone with just a few clicks if you use online banking.

Start with as little as Dh500 a month, target higher or lower depending on your spending and stick to the habit for one year.

At the end of 12 months, you'll be pleased to see the outcomes. Of course, profit-sharing rates in the UAE are at the bottom of the spectrum, but you will still produce slightly greater than Dh6,000.
It's an amount that might have been spent on any lifestyle-related expenses if you didn't stash it away in a recurring pocket deposit.

The concept is to cut costs ruthlessly to begin your saving voyage whenever possible. Build an emergency fund.

“The goal here is to have resources for an emergency. So, if you face any financial shock like your car breaks down or medical expenses for a family member, you can dip into this account, there might be a number of reasons”.

Mutual Funds (Always beware of the market risks): Systemic investment plans (SIPs) provide an excellent way to build wealth. Managed by professionals at asset management firms, these are funds invested in a wide range of assets – such as equities, bonds, bullion, etc. – and yield far higher returns than a bank deposit can earn for you.
On average, on a long-term basis, equities have yielded double-digit returns and helped millions around the world to generate wealth
.
SIPs from the mutual fund are an excellent way to invest, particularly for individuals who have a restricted amount to store each month. Bank deposits mean secure money parking. Even with the bank's interest, however, the value of our money is actually diminishing due to inflation.

"On the other side, mutual funds offer much more than bank deposits".

Mutual funds always offer the average price benefit of the dollar, which implies frequent monthly investments help you make better yields compared to lump-sum investments.

When returning an expatriate, SIP investments can be used for monthly expenses. Most houses with mutual funds enable systematic withdrawals, which is an excellent way to make use of accrued wealth. There are funds that provide annual returns of 15 percent.

“For example, your monthly savings enabled you to build a five million corpus. If you make one percent withdrawals each month, you're going to get 50,000 for monthly spending. The remainder will continue to grow”, added Shamsudheen.

Don't get cold feet when you're thinking about parking your money in assets or markets you don't know. Ask questions, read and think before you spend.

Wednesday 17 July 2019

11 BUSINESS IDEAS FOR NRI's OR NRI RETURNEES WITH 5 LAKHS TO 10 LAKHS OF INVESTMENT


1-  FOOD TRUCK


Nature: Business Ideas
Category: Food & Beverages (F&B).
Food truck is a trending business in all the metro cities around the globe but its rarely seen in Indian streets in a professional way. So, you always have the space if you are doing it at right/professional way. Most good part is that licensing is much easier.   

Infrastructure cost: High
Materials Cost: Medium
Land Cost: Not Required
Set up cost: High

1-    5 Lakhs to 7 lakhs (for setting up the truck along with required kitchen equipment’s.)
2-    3 Lakhs for food materials and other expenses like canopy, foldable chairs and standing tables etc.
Total Investment required: 10 Lakhs Approximately.

food truck nri business idea
Photo Courtesy: www.foodtruckcompany.com

2-  COFFEE SHOP/CAFÉ


Nature: Business Ideas
Category: Food & Beverages (F&B).
Coffee plays a good role in our day to day life. In cities people will have a tea or coffee at least one time outside in a day. You may have to face big names in the market, but proper pricing and selection of raw materials and quality of service, food & beverages will bring you success for sure. Location & ambience is also playing a good role in success of your shop.

Infrastructure cost: High
Materials Cost: Medium
Land Cost: Low
Set up cost: High

Total Investment Required: 10 Lakhs Approximately.

coffee shop / cafe  nri business idea

3-   FROZEN STORE


Nature: Business Ideas
Category: Frozen Food.
These days demand for frozen foods are increasing since people are getting more into junk foods, instant foods and fast foods. Frozen foods will include but not limited to burgers(beef, chicken, mutton, veg) sausage(chicken, beef), French fries, olives onion rings, potato wedges, cheese, jalapenos, nacho cheese, mozzarella cheese, cheddar cheese, feta cheese, fresh chicken, frozen beef, frozen fish, mortadella, pickles etc are some of the items comes under these category you can include.

Infrastructure cost: High
Materials Cost: High
Land Cost: Low
Set up cost: High

Total Investment Required: 10 Lakhs Approximately.

frozen food in chiller nri business idea
Photo Courtesy: www.disabilityfeast.wordpress.com

4-   UNIT FOR PLASTIC RECYCLING


Nature: Business Ideas
Category: Factory/Industry.
Government is always promoting all kind of recycling units especially plastic recycling unit. 10 lakhs will be enough for setting up a small plastic recycler unit.

Infrastructure cost: High
Materials Cost: High
Land Cost: High
Set up cost: High

Total Investment Required: 10 Lakhs Approximately.
PLastic recycling unit NRI business ideas
Photo Courtesy: www.indiamart.com

 5-   STATIONARY SHOP


Nature: Business Ideas
Category: Stationary/Office Supplies.
Main highlight of this business is that you small kids starting from pre-school to schools, colleges, offices, factories, shops, corporates, everyone needs stationary supplies in their day to day life, so this business have never ending requirement and wide scope.  
The need for items like paper, pens, scale, sharper, highlighter, correction pens, rulers, tapes, rubber bands, seals, inks pencils are some of them there are 1000’s of items you can include and most of them comes without expiry date so that your materials will last for longer in stock.

Infrastructure cost: Medium
Materials Cost: Medium
Land Cost: Low
Set up cost: Medium

Total Investment Required: 10 Lakhs Approximately.

Stationary shop NRI business ideas

6-   FREIGHT FORWARDING/COURIER SERVICE


Nature: Business Ideas
Category: transportation
For freight forwarding or courier service company a warehouse set up is required and you should have the experience/knowledge of freight forwarding.

Infrastructure cost: Low
Materials Cost: Low
Land Cost: Low
Set up cost: Medium

Total Investment Required: 8-10 Lakhs Approximately.
Freight Forwarding NRI business ideas
Photo Courtesy: www.verksglobal.com

7-   NURSERY PLANTS


Nature: Business Ideas
Category: Agriculture
Main concern for nursery will be land or area, we require enough land to keep the plants and all. Demand is high, and you can have a good profit on the same. Can cover the areas like gardening, seeds, fertile soils, plants, coconut plants, fruit plants, bushes, fertilisers, chemicals, pesticides etc.

Infrastructure cost: Low
Materials Cost: Medium
Land Cost: High
Set up cost: Medium

Total Investment Required: 10 Lakhs Approximately.

plants nursery nri business idea

8-   EVENT PLANNER/ORGANIZER/ SOLUTION INTEGRATION


Nature: Business Ideas
Category: Management
Now a day’s demand for event organization is high only few of organizations do A to Z required for an event. So, organizing everything under one umbrella is kind of solution integration.  

Infrastructure cost: Low
Materials Cost: Low
Land Cost: Not Required
Set up cost: Medium

Total Investment Required: 5-8 Lakhs Approximately.

9-   CATERING UNIT/SERVICE


Nature: Business Ideas
Category: Service/F&B  
Major things you must take care are kitchen equipment’s, kitchen, good chef’s and good catering crew. Endless demand for catering service is increasing day by day. Marriages, birthday parties, events, baby showers, engagements all the functions catering plays a major role.

Infrastructure cost: Low
Materials Cost: High
Land Cost: Medium
Set up cost: Medium

Total Investment Required: 10 Lakhs Approximately.

catering nri business idea

10-  FARMING


Nature: Business Ideas
Category: Farm  
Farming is one of the trending business idea among the NRI’s, poultry farming, cattle farming, goat farming everything can give you piece of mind and good profit as well.

Infrastructure cost: Medium
Materials Cost: Low
Land Cost: Medium
Set up cost: Medium

Total Investment Required: 10 Lakhs Approximately.

Farming NRI business idea
Photo Courtesy: www.fginsight.com

11-  OIL MILL


Nature: Business Ideas
Category: Factory/Industry  
Even though enough oil mills are there available professional ones are very minimal, quality service & oil will bring you success only. You can implement unique ideas into it cause now a days apart from coconut oil sunflower oil is also very popular as like that you can even include corn oil, virgin coconut oil and other oils as well with unique designs and bottle and all it has good space in the market.

Infrastructure cost: Medium
Materials Cost: High
Land Cost: Low
Set up cost: High

Total Investment Required: 10 Lakhs Approximately.

oil mill NRI business idea
Photo Courtesy: www.savoiapower.com
Note that all the pricing is estimation only actual may vary according to the geographical features, land, location, materials used.