I’m aiming to create multiple income streams in my late 20s to make the next decade easier. I already have investments in ETFs, bonds, CDs, and a ROTH and 401k. I’m comfortable on the investment front. I work full-time and am learning swing trading, which I hope to turn into a second income in about 1 to 2 years.
Are there any other investments I should consider? What other income streams would be useful for someone my age?
I’ve thought about real estate, but I lack the upfront capital and current long-term rentals aren’t great in my area.
Starting a business has crossed my mind, but I don’t have a solid idea I’m ready to launch.
Instead of traditional real estate, consider buying a profitable website. You can earn 2 to 3% per month in returns, as long as you learn to manage it or hire someone to do it. It can be steady for years and even grow. I can help you find, assess, and purchase a profitable website and manage it so that it’s passive for you. Just let me know if you’re interested in collaborating.
Here are some ideas: Facebook Marketplace, reselling cars, YouTube, dividend investing, sports betting (which is very risky), learning a trade, eBay reselling, dog breeding, barbering, vending machines, side hustles, and of course your usual 9-5 job.
There’s a cool passive income app that mines bitcoin off your phone. It doesn’t generate a lot, but I’ve been getting a nice cash flow from it. You won’t need ID or a deposit to start. Just DM me if you want the name and to get a referral link.