March 25, 2022


Four ways to earn money without investment for retired individuals

Retired individuals have a wealth of experience and contacts. They can use this to their advantage and earn money in retirement. While there are many ways to earn money in retirement, only a few allow retired individuals to earn cash without investment. Here is a guide that details the different ways in which retired individuals can earn money without investment.

  1. Tutoring

Retired individuals have extensive knowledge of a concept or industry. They can use this advantage to help youngsters excel in the same field. Tutoring allows retired people to share their insights into an industry or concept with aspiring youngsters and earn money through it. The amount of monthly income earned through tutoring varies based on factors, such as the tutors’ experience and the background of the incoming students.

  1. Using referral apps

Real money earning apps, such as the MyFIRST Partner app, can enable retired individuals to tap into their contacts and earn money without investment. These apps do not attract charges yet allow you to make over ₹40,000 a month. They’re easy to use, so retired individuals will not have any problem getting to grips with the applications.

The signup process for such apps is straightforward as well. If you are looking to connect with the MyFIRST Partner app for earning money, here is what you need to do:

  • Gather the essential documents, such as your PAN card and Aadhaar card
  • Download the MyFIRST Partner app from the Play Store or App Store
  • Upload a clear photograph
  • Update your personal information and upload a copy of the required documents
  • Enter your bank details
  • Verify your details using an OTP

Once you complete these steps, your registration will be complete. You can begin earning through the MyFIRST Partner app. The program allows you to earn 1.5% of every successful loan disbursal. Hence, the more loans your contacts get, the more you will earn.

  1. Writing books

Retired individuals are masters of a concept or industry. They have an in-depth understanding of what makes a successful product or business. They can share this knowledge by writing books and selling them via offline and online portals. Besides helping earn money with zero investment, writing books is also a great way to help youngsters. It can serve as motivation and help them excel in their future endeavours.

  1. Becoming a consultant

Another way retired individuals can leverage their experience is by becoming a consultant. It is not a full-time job but still pays well. They can advise companies on crucial business decisions and projects, helping them scale quickly. Depending on the industry and company, consultants can receive over one lakh.

These methods can help earn money in retirement as well as enable retired individuals to share their experiences for others’ benefit. Their knowledge and expertise can play a valuable role in shaping the future of youngsters and the country.

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How to grow your online business by getting personal loan referrals?

Online business is growing in popularity with more and more people opting for remote working. Being an entrepreneur gives you numerous ways to earn money online, but not all are quite productive to help you grow your business. A personal loan referral program can be a wise choice if you want to earn more without investing any money.

Most banks and financial institutions turn to their customers to get more business for their financial products. With a refer and earn program, you get a chance to increase your income and profit in business. You are paid for every qualified referral you get for the personal loan product. IDFC FIRST Bank offers you an online business opportunity to earn more money through its personal loan affiliate program.

With the MyFIRST Partner App, the bank helps you become a referral partner without any investment. You need to refer the people who you know for personal loans. Such referrals should be eligible for the loan and apply online. IDFC FIRST Bank offers one of the best money-earning apps in India for entrepreneurs, housewives, travel and insurance agents, and financial advisers to start an online business and work anywhere, anytime.

Here’s how IDFC FIRST Bank’s personal loan referral program helps grow your business.

  • Join the referral program

The MyFIRST Partner App from IDFC FIRST Bank is one of the highest-paying referral apps in India. To become a part of it, you have to download it on your mobile from the PlayStore or App Store. The app requires you to register by submitting your personal details such as your full name, age, date of birth, mobile number, email address and PAN Card, and Aadhaar Card details. You are also required to upload the documents like:

  • A passport-size photo
  • Scanned copies of your PAN Card and Aadhaar Card or Voter ID
  • Your bank account number and IFSC Code
  • GSTIN details, if any

You need to verify the documents by providing the one-time password (OTP), which you will receive on your registered mobile number.

  • Have as many referrals as you can

The success of your online business depends on the revenue you receive. You need to get more personal loan referrals to become successful in referral marketing. For that, you have to devise the right strategy. Identify your family members, friends, colleagues, and neighbours who are active in social circles. They can help connect you with their friends and relatives.

Talk to them about your new venture and how you can help them during a financial emergency. Most prospective referrals look up to you for solutions to their problems or better alternatives.

When in a social circle, you come across people looking for financial help to pay for children’s education, home renovation, holidays, marriage, debt consolidation, and medical expenses.

Being responsive and sincere to their questions will help you build long-term relationships with people.

  • Assist your referrals in getting a personal loan

Instant personal loans from IDFC FIRST Bank are offered to individuals and self-employed people. They can be easily applied online. The MyFIRST Partner App facilitates easy applying of personal loans up to Rs 40 lakhs at a flexible repayment schedule. All you have to do is to fill out the applicants’ personal details and upload the scanned copies of PAN Card and Aadhaar Card and the last 3-month bank statement.

The online application is processed quickly with a relationship manager taking the process ahead until the loan amount is credited to the applicant’s account.

  • Receive compensation and exciting rewards

With every loan amount disbursement, you will receive some percentage of money credited to your bank account every week. In addition, you can also earn incentives and rewards for high-quality referrals.

You can take your online business to the next level with the unlimited earning opportunity offered by the MyFIRST Partner App. It’s time you use this earn money from Internet opportunity now.

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