I’m a 30-year-old woman and I have saved up about 50k that I want to use to make some passive income. I have other money saved for emergencies, so this is what I want to use to make some extra money.
Does anyone have any ideas on what I could do with it? Please don’t try to sell me a course.
I was thinking about buying stuff in bulk and setting up an Amazon seller account. I know it can be a lot of work at first, but is it still a good way to make money? Would it be called dropshipping since I’d already own the stock? If not that, what else could I do aside from investing?
I use my savings to invest until my investments make enough to cover my bills. That way, working is a choice, not a necessity. I invest in 6 indexes: VTI, SPLG, VGT, QQQM, VXUS, and SCHD. I buy them at any price. Some have doubled since I started 5 years ago. It’s the best passive income in my opinion.
If you’re interested in Amazon, I know someone who does it full-time. I’m not trying to sell you anything, just happy to pass on their contact info if you want.