It takes money to make money, but that doesn’t mean you need a lot to invest.
Open an account with a mutual fund company that has no-load funds and low expense ratios. Build a diverse portfolio, and you can reasonably expect to earn 8 to 10 percent annually on your investments over the long haul.
If you have the initial cash to put into buying property, consider investing in real estate. You can create an additional revenue stream for yourself by renting, and earn long-term through appreciation.
You can also invest your money in the stock market by using an online broker like Robinhood or E-Trade.
If you want to increase your investments or diversify further, look into passive income opportunities. Side gigs like selling informational products or choosing dividend-yielding stocks that aren’t time-consuming can help you offset spending and dedicate more to saving and investing long-term.
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