Jigmey Dorjee Bhutia, 55, a senior teacher at a government school in Ravangla, South Sikkim, and a trained monk, runs a homestay tucked away in a picturesque spot of the idyllic town that is about 65 km from the state capital of Gangtok.
He first experimented with the idea in 2006, but it didn’t work out then due to lack of proper planning and marketing. In 2018, he restarted the project in a more planned manner. He first revamped a part of his house, which he had to anyway do for its upkeep, and registered the property on some popular travel websites to ensure maximum reach.
This time around, the idea worked. “The income (from the homestay) has been steady, except in phases such as during the Covid period and the Sikkim floods,” says Jigmey.
The income from the homestay adds to his earnings from the farm he owns and his regular teaching job, but money was never the main consideration behind starting a homestay. “The main purpose was to give visibility to the town among national and international people and highlight its history and the old monasteries in the region. I have a farm, and other means of income, besides my government job; I am not fully dependent on the homestay income,” says Jigmey. He adds that one of the aspects he most enjoys about running a homestay is interacting with new people and learning from their varied experiences.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms