How much would one have to invest in order to generate $4,000 dollars a month in interest income?
Let's look at the possibilities.First, let's look at interest paid by banks on savings accounts. Currently the interest rate on a savings account is less than 1%, but it is possible to find so called 'high yield' savings accounts that pay 1%, so let's assume you put your money into one of those.$4,000 a month is $48,000 a year, and you'd need $4.8 million in the bank at 1% interest to generate $4,000 a month.The current average dividend rate for the S&P 500 is a little over 2%, although it is possible to find stocks with higher dividends. For example, the Vanguard high yield ETF is currently averaging about a 3.4% dividend yield. At that rate you'd only need $1.4 million invested to generate $4,000 a month.Bonds and mortgages aren't much better. Currently, long term interest rates for 30 year fixed mortgages are around 3.6%, about the same as higher dividend yields, so you'd still need to invest $1.4 million to achieve your goal.We're still suffering from hangover effects of the great recession however. Historically, dividend rates and long term interest rates haven't been this low. In more normal times it's been a rule of thumb that you can count on generating 5% in income from your investments. If that were true today, then you'd only need to invest $960,000 to get your $4,000 a month.Note that in each of these cases, you're preserving your principal. If you have a time horizon, of let's say the next 30 years, and you're willing to draw down your funds to zero, then you can generate the money you need by starting out with with less.For example, if you held a 30 year mortgage at 3.5%, you'd need to have invested $890,000 to generate monthly payments of $4,000. At a more traditional 5%, you'd only need to invest $750,000.However, if you're bold and adventurous and willing to take a risk, long term returns in the stock market have averaged 9% or more. The problem is that this is an average, and returns in any given year can fluctuate between minus 30% and plus 20%. Still, if you're willing to ride it out, you could probably generate $48,000 a year for 30 years with something in the neighborhood of $650,000 before you run out of money.
If I keep my 10,000 as a fixed deposit, what will the interest be per month in SBI?
It depends upon the period for which you keep the depositThe minimum period is 14 days and maximum period is ten years.The interest rates go on increasing from 14 days to one year and remains steady upto three years and after three years, it is in the downward trend.It is better that we deposit the amount upto three yearsNow the maximum interest payable for one year is 7.50 percent (Different banks give different rates and you have to approach SBI and find out the exact rate)Let us imagine you are depositing the amount for one yearThe total interest payable for one year is Rs. 750.00 and normally interest is paid at quarterly rests and if you want monthly interest, the interest will be discounted (will be reduced since you are withdrawing interest for two months per quarter earlier). Under the above circumstances. the interest per month will be Rs. 60/- only and in total you will be getting Rs. 720.00 (60 x 12)
How much money will I get if I have 2 million views on YouTube?
Without having access to the analytics, there’s no way to know for sure, but you can come up with a pretty good estimate (I’d guesstimate about $1,540 - $2,200).Let’s do some back of the napkin math for a hypothetical aspiring YouTube partner.First we know that creators split all their revenue with YouTube as a 55/45 split in favor of the creator. Also, all of a YouTuber’s views are not able to be monetized (ie not all the inventory gets sold) - you can generally assume that a US based creator will be able to monetize about 40% of their views. Lastly, we’ll need to come up with an estimated CPM, ie the cost per thousand ad impressions (let’s use $5 in this example).If we do some back of the napkin math 2 million views would be monetized like this:40% of views are monetized, leaving ads running against 800,000 of the views$5.00 CPM x 800,000 views = $4,00055% cut to channel (45% going to YouTube) = $2,200This leaves $2,200 in revenue for the channel generating $2,000 views. However, if they’re also part of an MCN, they could easily be giving up an additional 30% leaving them with $1,540.
How much I need to save today in order to get $60,000 a year from 401k at 58? I am 32 years old and currently $70,000 in 401k. I make $100k year.
To answer your question a lot of assumptions need to be made. Too many for a realistic answer. But here are a few things to consider. Typically a young investor can afford a higher level of risk in the early years as you have time to recover from catastrophic market downturns or bear markets. These are the years where you should be investing in as much growth as possible without losing sleep at night. As you get closer to your retirement age the focus needs to change to preservation of capital more so than growth which will result in less return on your investments. You don't want to risk your nest egg a year or two before retirement with aggressive investments that can quickly erase a large percentage of your savings. You also need to accept that $60k/year may not go very far 26 years from now due to inflation.So with all that in mind to have a $60,000/year income will take roughly $1 million in invested capital … assuming a modest 5.5% rate of return during your retirement years. There are simple formulas you can use to determine how much you need to save each month to get to the $1 million mark in 26 years … but again the variables are so great I don't know how useful it would be. Plus once your balance becomes high enough your rate of return becomes much more significant than the amount of your contributions. My suggestion is to come up with annual or semi annual goals and make strategic financial adjustments as time goes by.Good luck to you!
My yearly salary is INR 700000. How much is the Income Tax on this amount?
The amount of income-tax payable on salary income of Rs. 7,00,000 is Rs. 54,075. The tax has been computed without considering any deduction available under Section 24 (interest on housing loan) or Sections 80C to 80U of the Income-Tax Act.For the assessment year 2018-19, Tax rate for a resident individual are as follows:Upto Rs. 2,50,000 : NilRs. 2,50,000 - Rs.5,00,000: 5% of (Total income minus Rs. 2,50,000)Rs. 5,00,000 - Rs. 10,00,000: Rs. 12,500 + 20% (Total income minus Rs. 5,00,000)Above Rs. 10,00,000: Rs. 1,12,500 +30 %( Total income minus Rs. 10,00,000)For more details, please refer Taxmann’s Direct Taxes Ready Reckoner.Disclaimer: This information is for general guidance only. Do not use it for legal purposes. Please consult your CA/Legal Advisor for a detailed advice.