In today's intricate economic landscape, ways of passive income have opened new doors to achieve financial stability while maintaining flexibility. After the pandemic and global economic crisis, the cost of living has significantly shot up throughout the world. Therefore, earning some extra cash can help women to support their families. Let’s take a look at several passive income strategies that working women and homemakers can try in 2024. Passive Income Ideas for Working Women and Homemakers YouTube Vlogging Starting a YouTube channel stands as a promising route for cultivating passive income. Women can actively share their expertise, experiences, or daily life through compelling video content. With persistent dedication, this content magnetises a broad viewership. Consistent effort in content creation empowers women to get views and subscribers. This engagement may pave the way for monetisation avenues such as AdSense earning, ads or sponsorships. Read more: 10 Best Programming Languages for 2024 Facebook Influencer Diving into the realm of a Facebook influencer offers another avenue for women seeking passive income sources. By harnessing a robust social media presence, women can make partnerships with brands, do sponsored content, and endorse products. With these, they can generate revenue based on their level of interaction and number of followers. This engagement-driven approach cultivates a mutually beneficial relationship between influencers and brands. Thus, it serves as a lucrative source of income for women navigating the digital landscape. Read more: Influencer Marketing: A Beginner’s Guide Freelancing Opportunities Freelancing presents a versatile work structure. It enables women to leverage their expertise in diverse domains such as writing, graphic design, programming, and beyond. Platforms like Upwork, or Fiverr offer a spectrum of income opportunities. Through active participation, these skilled individuals can carve a niche for themselves. They can engage with clients globally and foster a flexible yet rewarding career path, underpinned by their unique talents and proficiency. Read more: How to Transform Your Freelancing Career into a Scalable Business? Creating and Selling Stock Photos Producing and vending stock photos emerge as a lucrative opportunity. Women with photography skills can capture and market their images on platforms like Shutterstock or Adobe Stock. By catering to diverse niches and trends, they can monetise their visual creations.
With the advent of technology, diverse artificial intelligence (AI) tools and chatbots are appearing in 2023. Among them, the text-based artificial intelligence chatbot, ChatGPT, has attracted millions of users worldwide. Although many feel apprehensive about ChatGPT replacing human workers, it has some benefits too. This chatbot can quickly respond to almost all types of queries and provide answers and materials. This efficient AI model can facilitate a lot of tasks that would make earning money easier. What is ChatGPT? ChatGPT is an AI chatbot developed by OpenAI and launched as a prototype on November 30 in 2022. This model was built on top of the GPT-3.5 language mode which was fine-tuned using supervised as well as reinforcement learning techniques. The latest version of ChatGPT based on GPT-4 was released on March 14, 2023. This version is available only for paid subscribers only. Read More: ChatGPT by Open AI: All you need to know 7 Ways to Earn Money through OpenAI’s ChatGPT Affiliate marketing Affiliate marketing is a passive earning method that involves promoting a certain product or service on online platforms like websites, blogs, or social media. Here the promotion is done through articles, product reviews, audio, video, or other audience-building mediums. Affiliate marketers earn commissions on the sales purchased through their leads or affiliate links. ChatGPT can be utilized to develop articles and videos. However, to avoid strikes on YouTube and other online platforms, copyright rules should not be ignored. Read More: Ways of Affiliate Marketing while Staying in Bangladesh Blogging and AdSense Those who have a passion for writing can start blogging on a specific niche like sports, lifestyle, music, cooking, parenting, food recipes, technology, etc. ChatGPT can help cut down the time to research specific topics and produce content. However, the content should be well-researched and plagiarism-free, while offering something new that others are not. Duplicate or similar content will be penalized by search engine operators. After uploading around 20 to 30 pieces of content, the blog can be submitted for Google AdSense. Once Google AdSense is approved, the blogger can earn through CPC (pay-per-click). Read More: Monetizing Your Blog: How to Make Money from Blogging Software Development ChatGPT AI model has coding and programming skills. Using ChatGPT, programmers and software engineers can design easy-to-use software, apps, and online tools that they can sell or earn commissions from.
A joint study by two researchers from Princeton University and University of Pennsylvania seems to have answered one of the most asked timeless questions: can money buy happiness? The research conducted by Daniel Kahneman and Matthew Killingsworth, published in the Proceedings of the National Academy of Sciences, reached a conclusion: happiness tends to rise with increase in income and earnings. The latest study on the correlation between money and happiness refutes the previously reached conclusion that happiness levels off for people when their income reaches $75,000, The Washington Post reports. In 2010, Nobel Prize-winning economist and psychologist Daniel Kahneman first proposed this threshold in a study that found that "emotional well-being [also] improves with log income, but there is no further growth beyond a yearly income of $75,000." Read More: Happiness Hormone: Ways to Boost Dopamine However, a research conducted by Matthew Killingsworth, a happiness researcher and senior fellow at the University of Pennsylvania’s Wharton School, found that happiness does not level out after hitting $75,000, rather continues to rise with “income well beyond $200,000,” the report adds. In their latest study, both researchers came together and pitted their theories against each other with the help of an arbiter. The study was adjusted for inflation, they told The Washington Post. The two researchers surveyed 33,391 people in the US — aged between 18 and 65 — with a household income of at least $100,000 a year. Read More: From coffee to yoga to happiness: Offbeat ministries from around the world! Killingsworth developed a smartphone app called ‘Track Your Happiness’ to measure their happiness. The app required participants to report their feelings at random intervals throughout the day. “The data came from repeatedly pinging people at randomly-timed moments during daily life, and asking about their happiness at that moment in real-time,” he told The Washington Post via email. They were specifically asked questions like “How do you feel right now?” on a scale ranging from “very bad” to “very good.” The study found that happiness continues to rise with “income even in the high range of incomes” for the majority of people, reaching a conclusion that for many, earning more can mean increased happiness. Read More: Eid for Introverts: Finding Happiness and Fulfillment on Your Own However, for about 20% of the respondents, the case is a bit different. For them, the unhappiness diminishes with rising income up to a certain threshold, the report says citing the research. These people usually experience “negative miseries” that can’t be alleviated by making more money, according to the study. “In the simplest terms, the findings suggest that for most people larger incomes are associated with greater happiness,” Killingsworth said about the final conclusion of the study. However, he cautioned that money isn’t everything — “just one of the many determinants of happiness.” Read More: Spending Money for Happiness: 10 Effective Ways “For instance, if you’re rich and miserable, more money won’t help,” The Washington Post quoted him as saying.
TikTok has become one of the world's most popular social media platforms, with millions of users generating billions of views daily. The app provides a unique opportunity for people to connect with others, showcase their talents, and even make money. With its unique feature to create and share short videos by adding a few texts, graphics, and music, the platform Let's find out the most effective ways to make money on TikTok in 2023. 9 Best Ways to Make Money on TikTok in 2023 Developing Videos for TikTok Making interesting and shareable movies might be one of the simplest ways to earn money on TikTok. When you have built up a sizable audience, you can begin to monetize your material by forming partnerships with companies in exchange for paid adverts or sponsored articles. Suppose you want your TikTok videos to be successful. In that case, you should utilize popular music, interact with the people who follow you, and produce fresh material on a continuous basis. This is normally the first stage for all the other ways to make money on TikTok. You must make lots of videos to grow your audience. The larger the audience, the more potential for earning money will create. Read Money: How to Earn Money from YouTube Channel Marketing Based on Influence You may also earn money on TikTok by working with businesses and becoming an influencer if you have a huge audience engaged with your content. Brands are continuously seeking prominent users on TikTok to cooperate with so that they may advertise their goods or services to a larger audience and reach more people. You may make direct contact with businesses, or you can utilize platforms that are specifically designed for influencer marketing. TikTok Live TikTok Live is a tool that gives users the ability to stream live videos to their respective followers. Going live allows you to interact with your audience in real time, increasing the likelihood that you will win presents that can afterward be traded in for monetary compensation. Read More: How to Earn Money from Instagram Make sure to connect with your viewers, answer any questions they may have, and keep your broadcast exciting and entertaining if you want to get the most out of TikTok Live.
The National Board of Revenue (NBR) member (tax information) Mohammad Jahid Hasan said at least 1.16 crore people enjoy taxable income, but only a small proportion of them, roughly 1 in 4, submitted returns last year. He said this at a workshop on “Customs, VAT and Income Tax management” organized by the Dhaka Chamber of Commerce and Industry (DCCI) as the chief guest on Saturday. He also said that businessmen are the partners of NBR and the NBR is relentlessly working on reforms and modernization of various regulations to ease business. Last year only 25.30 lakh people submitted their returns out of 83 lakh TIN holders which to Jahid is 'unsatisfactory'. Read more: NBR extends income tax returns submission date to Dec 31 DCCI President Rizwan Rahman in his speech said that considering various needs, the government sometimes has to make a few changes in the finance bill, VAT, and Tax system through SROs, and as an entrepreneur, a businessman has to have a clear knowledge on these issues. “We have seen a few changes like increasing cash transaction limit, mandatory return submission for 38 categories, central VAT registration system, 5 percent VAT exemption on locally produced chemical, VAT increase for importing computer accessories, TAX and VAT exemptions for safeguarding local businesses for the fiscal year 2022-23,” he informed. The business community should have knowledge of these changes to maintain their books of accounts, he said. Read more: Govt struggles to lift tax-GDP ratio to double digits
Bangladesh Nationalist Party (BNP) on Thursday submitted its annual financial statement to the Election Commission for the 2021 calendar year showing that the party spent some Tk 11 million more than what it earned that year. The BNP’s expenditure was Tk 19.8 million (exactly Tk, 19,847,171) against its income of Tk 8.4 million (exactly Tk 8,412,444) in 2021. With this, the party spent higher than its income in the last three consecutive years. Also read: An EC under partisan govt can’t hold credible election: BNP BNP senior joint secretary general Ruhul Kabir Rizvi submitted his party’s audited financial statement of 2021 to the Election Commission. As per the law, each registered political party is obliged to submit its financial statement of the previous calendar year by July 31 each year. The sources of BNP’s income included party members’ subscriptions, donations and nomination paper sales. Also read: Govt promoting officials involved in enforced disappearance: BNP The main heads of expenditures had been salaries and festival bonus of their office staff, utility bills, distribution of relief materials and financial assistance to repressed party leaders and activists. The additional money came from the party’s bank account, according to the report. In 2020, BNP spent Tk 17.4 million against its income of Tk 12.2 million.
Bangladesh exported goods valued at USD $3.83 billion in May, which was the lowest in 9 months of the current fiscal year (FY), according to an Export Promotion Bureau report released on Thursday. The fall comes amid declining remittance from Bangladeshi expatriates and the economic crisis due to Russia Ukraine war. The EPB, however, said despite the fall of export income Bangladesh will make an export record of $40.71 billion in 11 months (July to May) in the current FY 22. It shows 34.9 per cent growth of export income compared to FY 21. Earlier in FY-19, Bangladesh earned $40.53 billion in a fiscal year that was the highest so far. The officials of export promotion bureau and businesses hoped that the country will make a history exporting around $50 billion in this fiscal as the a rush for export order was evident after easing of Covid-19 pandemic in the Western world, the main destination of Bangladesh products. But the export orders saw a downfall after the Russian invasion in the Ukraine. READ: Jute, jute goods export income rose by 40pc Professor Mustafijur Rahman, distinguish fellow of CPD said, though Bangladesh does not export a big volume of goods to Russia and Ukraine, the war has impacted severely on the economy of European Union countries. Prominent Western economists have warned of another recession due to Russian invasion, if the war is prolonged. In that case the global economy along with Bangladesh will face a new challenge, he said. The EPB data showed that the export earnings in April 2022 increased by 51.18 per cent to $4.73 billion from $3.13 billion in the same month of 2021. The highest earning was $4.90 billion in the December of this fiscal year. The second highest was in January of $ 4.75 billion. In March export earnings stood at $ 4.76 billion that was $ 4.29 billion in February. Bangladesh set an export target of $51 billion for FY 22. Of which 40.71 has been achieved so far.
BNP Secretary General Mirza Fakhrul Islam Alamgir on Monday said the real income of the country’s 90% people has marked a fall but the government has been showing a 'hoaxed' GDP growth to hide its failure to control the price hike of essentials. "It’s horrible that the lives of people have become miserable due to the rise in commodity prices. But the government is denying it outright. Ministers are saying that the prices have gone up with the rise in their (people's) incomes," he said. Speaking at a discussion, the BNP leader said the government has been trying to fool people by talking about GDP growth and the rise in per capita income. "Whose income has increased? They (govt) show a hoaxed GDP. What's GDP? GDP is calculated by adding up all things, including that comes from production,” said Fakhrul, also a former teacher of economics. Also read: Draft regulations on digital media going to suppress people’s voice: BNP Swadhinata Forum arranged the programme at the Jatiya Press Club, marking the first death anniversary of late BNP standing committee member Moudud Ahmed. On March 16 last year, Moudud Ahmed died while undergoing treatment at a Singapore hospital at the age of 81. About the 'hoaxed' per capita income, Fakhrul said it is measured by dividing the nation’s total income with the country’s population. “For example, I earn Tk50,000 a month while my brother earns Tk5,000 a month. If you divide these incomes together, then the per capita income will be Tk25,000 But it’s not our real income.” He said around 90% of people are earning lower than earlier while the poverty rate has risen by another 2% in the country. Fakhrul alleged that the Awami League government has constituted the Election Commission to hold another election of fraud as they did earlier. Also read: Need greater unity to oust AL govt: Fakhrul He warned that people will come up with strong resistance this time and thwart all evil plans of the ruling party. Recalling the chequered life of Barrister Moudud Ahmed, the BNP secretary general said he was a truly knowledgeable and prudent politician. “Knowledge and wisdom are not given that much importance these days in politics as we’re passing through a time of tainted politics,” he observed. Fakhrul said Moudud had fought for democracy throughout his life. “He was evicted from his house and many false cases were filed against him as he wanted to restore democracy. We must get united to materialise his desire. ”
Planning Minister MA Mannan on Tuesday said growing trends of per capita income will help to reduce child marriage in the country. He said child marriage incident is happening due to various reasons such as the father being unable to meet the wedding expenses of his older daughters as his income is low. The minister made the remarks while addressing the 20th session of the Child Parliament titled 'Progress of Digital Bangladesh and Child Protection', held in the city on Tuesday. READ: Now is good time to invest in Bangladesh: Planning Minister Children from 16 disadvantaged and marginalised areas in 15 districts participated in this session. The planning minister said child marriage has taken place in many countries of the world while many countries have reduced it. “Child marriage is still going on secretly in our cities and villages. We have to protest against it. I see many protests, when a child gets married, the child resists on his own. I salute them. The field administration is also working to prevent child marriage,” Mannan. The minister said, “There are many in our society whose average monthly income is Tk 5000, again, there are many whose average income is Tk 5 crore.” Reducing income discrimination and easy access to digital system for all would help eradication misconception regarding child marriage in the society, Mannan said. "We are working on 5G internet," he said. READ: Energy efficiency essential for industries: Planning Minister “But reality is that many people in the country still use 2G internet. We will move forward to development highway of the prime minister with everyone,” he added.
The income of ruling Awami League in 2020 was about Tk 10.33 crore, 51 percent down from that of 2019, according to its audited financial statement submitted to the Election Commission on Sunday. However, the AL’s expenditures increased by Tk 1.73 crore in 2020, compared to that of the previous year. The AL’s total income was Tk 10,33,43,33 in 2020, which was over Tk 21 crore in 2019. An AL team, led by its publicity and publication secretary Dr Abdus Sobhan Golap, MP, handed over the financial statement of the 2020 calendar year to EC Secretary Md Humayun Kabir Khandaker at Nirbachan Bhaban in the city. Later, Abdus Sobhan Golap told reporters that their party’s income largely came from the subscriptions of its members, sale of nomination forms and donations from various individuals and organisations. READ: By-elections: 94 aspirants collect nomination papers from the Awami League In 2020, the income declined as it earned less from the sale of nomination forms, and there was no income from the triennial council of the party in 2019, he said. AL spent Tk 9,94,49,931 (Tk 9.94 crore) in the calendar year, Tk 1,73,48,356 more than it spent in 2019. The expenditures went up for conducting relief activities amid the Covid-19 pandemic, providing donations to party-nominated candidates in different elections and the rise in the expenses against different publications. AL office secretary and Prime Minister’s special assistant Barrister Biplab Barua and deputy office secretary Sayem Khan were other members of the AL team. On Thursday, BNP submitted its 2020 financial statement before the Election Commission. The income of BNP was Tk 1.23 crore and expenditure was Tk 1.75 crore in 2020. The additional expenditure was met from its previous fund. READ: Awami League’s Parvez Mia wins Kishoreganj municipal polls As per the law, each registered political party is obliged to submit the financial statement of the previous calendar year by July 31, but the Election Commission extended the deadline by one month.