As the title mentions, I have $10k in cash just sitting in my drawer for emergencies and I’m wondering how to make it work for me to generate some extra cash flow. I’d appreciate any ideas
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Have you thought about looking for online businesses that generate passive income? I bought one last year and it’s making me a nice income.
Lorena said:
Have you thought about looking for online businesses that generate passive income? I bought one last year and it’s making me a nice income.
Where can you find businesses for sale
@Milan
I found mine on Digital Sniper.
@Milan
If it were easy and not a scam, everyone would be doing it.
Thorn said:
@Milan
If it were easy and not a scam, everyone would be doing it.
Where did the original poster mention anything about easy
A lot depends on how much risk you’re willing to take.
Conservative: High yield accounts with around 4% and daily access.
Aggressive: Bitcoin or options like online casinos offering Bitcoin.
With $10k, there are several ways to generate passive income based on your risk tolerance. You could invest in REITs for real estate exposure without the headaches of owning property. Dividend stocks can give you regular returns, and a high-yield savings account or CDs can keep your funds safe while earning interest. If you’re open to online income sources, consider creating and selling digital products or investing in an automated dropshipping store.
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Buy RDDT
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Use Reddit daily
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Profit
- Buy RDDT
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Use Reddit daily
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Profit
I like your way of thinking
And it’s gone.
Following this discussion
Following this thread
If you are into business or marketing, you could look into obtaining leads for companies on Upwork. Businesses usually pay good money for that and there’s big demand.
Career growth in marketing can be both challenging and rewarding. Some tips: focus on a niche like content strategy or analytics to stand out, stay updated on trends (I watch many YouTube videos for learning and regularly check trends.co for $300 per year and theadvault.co.uk for free), and become comfortable with analytics; knowing how to measure results is crucial.
Networking with other marketers has been a great way for me to learn and stay connected in the industry.
Hope this helps, you got this
You could venture into AI voice technology, whether selling it or doing affiliate marketing for it.
Consider investing in Verizon stock; it pays 9%.
Consider a fixed indexed annuity; it’s safe and protected from market losses, but you must commit for about 5 to 10 years. Great guaranteed returns.
Think about software subscriptions and memberships. Affiliate programs are free to join.
Great job saving up $10k—that’s a solid amount to work with. For something easy to manage, consider print-on-demand (POD). You don’t have to deal with inventory or shipping. You just put your designs on items like t-shirts or mugs, and when someone buys them, the POD service handles printing and shipping for you. You keep the profit.
I’ve heard good things about Merchize for POD—they’re affordable and great for beginners, plus they have a wide range of products to choose from. You could use your $10k to invest in ads or hire a designer to make your store stand out. While it’s not a quick way to get rich, it’s a low-risk method to generate extra income gradually.