Here at Money Done Right, we believe that the stock market is an incredible wealth-building tool, but we know its ups and downs are not for everybody.
So if you’re among those who are wondering how to build wealth outside the stock market, or simply how to diversify your portfolio so you’re not so heavy in stocks, here’s how to do it.
💸 1. Lend money in $25 increments and earn 4-6%.
Lending out money is one of the oldest ways to earn passive income. It’s essentially renting out your money for either people to use, and the rent you charge is known as the interest rate.
Now, in the old days, if you wanted to lend money to somebody in particular, you were taking on a pretty risky business, unless he or she put up some form of collateral. But now, thanks to technology, you can spread out the risk by only lending your money in $25 increments.
How does this work? Well, let’s say Borrower A needs a $25,000 loan. Instead of going to one entity, like a bank or rich person, to borrow the full $25,000 — which would be very risky to that one entity — he or she borrows $25 from 1,000 people. This scenario presents much less risk because the most any single investor could lose is only $25.
Such an arrangement would have been administratively impossible just 15 years ago. But thanks to the wonders of the Internet, it is now very possible, and the peer-to-peer lending industry, as it’s known, is thriving for borrowers and investors alike. So click here if you would like to start earning way more interest than the bank pays you.
🏘️ 2. Invest in a duplex, triplex, or fourplex.
More young people should start investing in real estate. I think a big misconception about real estate investing is that you need a lot of money to get started. You don’t! My first property was a 4-unit property in a suburb of Los Angeles that I picked up in my 20s for only 3.5% down.
Check out my article How 20-Something Me Bought a Fourplex in L.A. With Only $15k Out of Pocket to learn about my first real estate purchase.
🏢 3. Invest in apartments and commercial real estate for as little as $5,000.
If landlording your own duplex, triplex, or fourplex sounds daunting, I have good news for you. You can now invest in large-scale real estate for as little as $5,000.
If you’re interested, I recommend you click here to get more information about investing in real estate online with RealtyShares.
🏦 4. Put money into high-yield savings accounts.
Yeah, this one’s pretty boring and doesn’t have the pizzazz as the others, and you won’t make nearly as much money. But it’s also the least risky by far. We recommend Capital One Investing. They have no fees, a 0.75% APY on savings accounts, and will give you $25 for opening an account if you deposit at least $250 at account opening. Click here to open up your no-fee checking or savings account now!
💽 5. Invest in cryptocurrencies like Bitcoin.
I would only recommend doing this with a . Unlike the other investment opportunities we mention previously that 1) are well-regulated and 2) will almost certainly pay off in the long haul, cryptocurrencies are not well-regulated, and it is possible that they will be entirely worthless someday.
That being said, many people have become unlikely millionaires by investing in cryptocurrencies, and the concept of cryptocurrencies is not without merit. In any case, if you would like to receive a $10 bonus to start investing in Bitcoin and other cryptocurrencies, please click my Coinbase $10 Sign-Up Bonus Link to buy some right now (the markets are 24/7).
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