How to Become a Rupee Millionaire Before You Turn 30

How to Become a Rupee Millionaire Before You Turn 30For a young earner who has just started his career, achieving the first million or Rs 10 lakh (Rs 1 million) may not be an easy task until and unless one has graduated from one of the leading management or engineering colleges and is hired at a hefty package.  Although, the task is tough it is not unachievable.  If you are 24 and want to accumulate Rs 10 lakh in your account by the time you reach 30, you will be required to invest Rs 10,000 per month in an asset class which gives you Rs 12 per cent,  to achieve the goal.  The following table shows your yearly accumulation. To achieve a rate of return of 12 per cent, you will have to invest fully or majority of your investments into equity as it has the potential to deliver higher return over the long term.  It will be difficult to achieve the targeted amount at lower rate of return.              However, some of you may find it difficult to save Rs 10,000 per month. What you can do is start investing Rs 5,000 per month and increase your savings at the rate of 10 per cent per year. It will take you around two more years to accumulate Rs 10 lakh, assuming the rate of return remains same at 12 per cent.  The following table shows how you can accumulate the sum by starting with a lower investment of Rs 5,000.     A lot of investing discipline will be required to achieve the goal. Here are some points that you should keep in mind. 1) Save before you spend: Basically, automate withdrawals from your salary account. Use the electronic clearing service (ECS) provided by your bank so that the amount of monthly investment is deducted from your salary as soon as it is credited to your account.  2) Increase your investments with increase in income: It is ok to start investing at a lower amount but as your salary increases you should increase the amount of investment. You should invest at least 25-30 per cent of your salary.  3) Hone up your skills: To increase your salary, you should keep updating your skills regularly. So invest in yourself to be able to move ahead in your career easily.  4) Invest in equities: As you are young, you have time in hand. So you can invest in relatively risky asset class such as equity as they have the potential of delivering inflation-beating-double digit returns over long-term. Debt should be restricted to 20 per cent of your portfolio.

[“source-ndtv”]

Can’t Pay Your EMIs? How To Get Out Of Debt Trap

Can't Pay Your EMIs? How To Get Out Of Debt TrapWith credit easily available these days, it’s not rare to find people overspending only to regret it later. Taking a loan to build assets like a house is recommended due to the tax benefits and savings on rent. But overspending using expensive debts such as credit cards and personal loans for lifestyle expenses should be avoided.

However, if you are already burdened with debt, here are a few steps that can help you to lighten up you debt burden.

Take account of your finances

First of all, you need to ascertain where your finances stand. How bad is the situation? Calculate your income to expense ratio. Ascertain what portion of your income goes towards servicing EMIs. “Personal loans including car loan, credit card outstanding or any other loan should be in the range of one-seventh to one fifth while home loan should be limited to one-third of net income,” says Kartik Jhaveri, founder director of Transcend Consulting, a Mumbai-based financial planning firm.

All types of loans put together shouldn’t exceed 50 per cent of the income of a person, he adds.

Therefore, if your loans exceed the limit, you can be in a worrying situation. “If somebody’s loan repayment outgo is 60-70 per cent of the income, it should be brought down in the shortest possible time,” says Suresh Sadagopan founder of Ladder7 Financial Advisories.

Cut down on your lifestyle expenses

It will be difficult to do so but you will have to do this. Make a budget, analyse your monthly expenses to figure out where you can save. Even small savings by cutting down on spending on eating out, limiting the movies you watch in theatres etc can make a difference. “If there are 5-6 expenses on which you spend Rs. 2,000 monthly and can be avoided, you can save Rs. 12,000 per month which is a decent sum,” says Mr Sadagopan.

Prepay the expensive loan first

Make a list of all the loans along with the interest rate that you are servicing currently. Higher interest rate means higher cost. So you should start paying off the high cost debt first. Credit card loan is one of the most expensive loans with interest rate usually ranging between 24 and 36 per cent per annum.

Next comes, the personal loan where interest rate generally starts at 13-15 per cent per annum. You can utilise some of these cheaper options to repay the high-interest loans.

Loan against fixed deposit: If you have a fixed deposit, take a loan against it which generally comes at an interest rate of 1 to 2 per cent above the fixed deposit interest rate.

Top-up home loan: If you have a home loan and paid EMIs for at least 6-12 months, you can avail a top-up loan which is generally available at an interest rate of 1 to 2 per cent above the home loan rate. Unlike a home loan, you can utilise the sum for any purpose you want to.

Loan against insurance: If you have an insurance policy which is more than 10 years old, you can utilise it to avail a loan against it to repay the expensive loans, says Mr Jhaveri of Transcend Consulting.

Use the bonus: If you are getting any incentive or bonus, any proceeds from investments maturity, use it to prepay the loan, says Mr Sadagopan of Ladder7 Financial Advisories.

[“source-ndtv”]

How to Download and Manually Install Android 6.0.1 Marshmallow on Nexus Devices

How to Download and Manually Install Android 6.0.1 Marshmallow on Nexus DevicesThe first major update to Android 6.0 Marshmallow has begun rolling out to Nexus and Android One devices. If you are the impatient kind who wants to download the update immediately, then you can do it manually. Google has released Android 6.0.1 Marshmallow factory images for various devices in its Nexus range.

We’ve listed the new features in Android 6.0.1 and if you have one of the eligible devices, you will get an OTA update soon. The following devices will get Android 6.0.1 Marshmallow.

There are several risks involved with manually downloading and installing Android factory images. You could lose all of your data and the process is pretty complex that’s best avoided if you are new to this kind of a thing.

(Also see: Best Android 6.0 Marshmallow Features)

Android 6.0 Marshmallow is currently available for the following devices – Google Nexus 5, Google Nexus 6, Google Nexus 7 2013, Google Nexus 9, Google Nexus Player, Google Nexus 6P, and Google Nexus 5X. Here’s how to manually install Android 6.0 Marshmallow on these devices.

1) Download and install the latest Android Studio Preview on your Windows computer. This installs the ADB and Fastboot programmes, which can be accessed through the command terminal on your PC.

2) Add the SDK folder to the PATH by following these steps:

3) Right click My Computer and click on Properties.

4) Click on Advanced System Settings.

5) Click on System Properties > Advanced > Environment Variables.

6) In the Window, select Path, then click on Edit, and then type in the name of the directory where you installed the SDK, and remember that each entry is separated by a semi-colon.

7) Enable USB debugging on your device. First, go to Settings > About Phone > Software information.

8) Tap Build number seven times.

9) Go to Settings > Developer options. Tick USB debugging.

10) Download the correct factory image for your device.

Android 6.0.1 for Nexus 5

Android 6.0.1 for Nexus 6

Android 6.0.1 for Nexus 7 2013 Wi-Fi

Android 6.0.1 for Nexus 7 2013 Mobile

Android 6.0.1 for Nexus 9 Wi-Fi

Android 6.0.1 for Nexus 9 LTE

Android 6.0.1 for Nexus Player

Android 6.0.1 for Nexus 6P

Android 6.0.1 for Nexus 5X

11) Extract the image on your computer. This should give you a tar file. Extract it again.

12) Connect your device to your computer over USB.

13) Start the device in fastboot mode.

The easiest way to do this is to hold a key combination while powering up the device. For Nexus 5, hold the volume up, volume down and power buttons while powering on the device. The full list of key combinations for different devices is here.

You can also boot into fastboot mode using the ADB tool: With the device powered on, go to the command terminal and execute the following: adb reboot bootloader

If needed, unlock the device’s bootloader through your computer using the command terminal and executing: fastboot oem unlock

1) Open a command terminal and navigate to the unzipped system image directory.

2) Execute flash-all.bat, which was a part of the unzipped image file. This script installs the necessary bootloader, baseband firmware(s), and operating system. For this to work, you need to have added the folder where ADB and Fastboot are installed to the system’s path as described in step 2.

3) When this is done, Google recommends that you lock the bootloader for security. You can do that by booting the device in fastboot mode while still connected via USB, and using the command terminal to execute: fastboot oem lock.

That will install Android 6.0.1 Marshmallow on your Nexus device. For more tutorials, visit our How To section.

[“Source-Gadgets”]

iPhone: How to Block SMS From Any Sender Including Bulk Messages

iPhone: How to Block SMS From Any Sender Including Bulk Messages

Spam is something most people have accepted as a part of their lives. While there are various easy ways to block email spam, most people don’t bother blocking SMS or text messages spam. On Android, various awesome SMS apps let you fully block spam texts or send them to a separate folder to check later. But if you have an iPhone, there’s a chance that you get a lot of spam texts every day and haven’t yet figured out how to block them.

Whether the spam text is from a mobile number promoting flats you don’t want to buy, or from bulk sender IDs such as DM-DUNKND or VK-UBERIN – whose service you might have used once, long ago, but whose messages arrive daily like clockwork – here’s how to block them once and for all.

1) Open the spam text message via the Messages app.

2) Tap Details on the top-right.

3) If you just want to stop getting notifications from this sender, and you don’t want to block them entirely, then tap the button next to Do Not Disturb. This will mute notifications but you will continue receiving text messages.

4) If you want to block this sender entirely, tap the i button.

5) Scroll down and select Block this Caller.

You will no longer receive spam messages from that bulk sender. Some spammers might text you from multiple IDs such as DM-SPAM, LM-MORESPAM, BZ-SPAM, etc. Each of these bulk sender IDs has a number that you can see after following step 4. You’ll have to block each of these numbers one by one, to stop receiving spam completely. Once you’ve done that, these IDs won’t be able to message you.

In case you want to unblock any of these spammers, then follow these steps.

1) Open Settings > Phone > Blocked.

2) Find the number linked to the bulk sender ID. In India, this usually is +91 followed by an eight-digit number, for example: +91 36386563 (one of the numbers Dunkin Donuts India uses to send promotional text messages).

3) Slide the number towards the left to reveal the red Unblock button.

4) Tap Unblock.

Did you succeed in blocking spam text message senders on your iPhone? Let us know via the comments. For more tutorials, visit our How To section.

[“Source-Gadgets”]