I just graduated high school and managed to save up $5,000. I’m looking for some advice on where to start investing this money to generate passive income. I don’t have much experience, so I’m hoping to find options that are beginner-friendly but still have good potential for growth.
What are some smart ways to invest $5K to earn passive income? I’m open to ideas like stocks, real estate (if possible with this amount), or any other options that would work well for someone just starting out.
Don’t start investing just yet. First, save up enough to cover 6 months of expenses in an emergency fund. Keep that money in a high-yield savings account (HYSA). Once you’re ready to invest, check out alphaAI.capital. It’s a smart robo-advisor that uses AI and leveraged ETFs to help get high returns.
If you’re into crypto or want to get started, you should check out the affiliate program at bitprediction.fun. It’s a crypto prediction game where people bet on short-term price changes for coins like Bitcoin and Ethereum. The cool part is, you can make passive income by joining their affiliate program and earning 20% of the fees from the people you refer.
So, whenever someone you referred makes a bet, you get a commission. If you can get 100+ referrals, you become a super affiliate and start earning 35% of the fees, which adds up fast. It’s even better if you already have a following on social media, a blog, or are active in crypto groups, because you can just share your referral link and earn without playing the game yourself. They also pay out daily, so you’ll see your money coming in quickly.
It’s a pretty low-effort way to make some extra cash, especially if you’re already in the crypto or passive income space.
Personally, I’d invest in a digital business that brings in passive income. There are tons of options like SaaS, Kindle Direct Publishing (KDP), Print on Demand (POD), blogs, and more. I put money into a dropshipping business last year that wasn’t doing great, but now it’s pulling in around $2k a month and keeps growing. I’ve just been using my own initiative and skills to improve it. Honestly, it’s the best investment I’ve ever made.
Crypto mining is another option. The KS5 20TH miner costs about $2,800 and currently earns around $22 a day after electricity costs (assuming $0.09 per kWh). It’s a way to generate passive income, but keep in mind the upfront investment and ongoing costs like electricity.