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Passive Income: How To Invest $100 ASAP
1. BUYING DIVIDENDS
The benefit, from an investment standpoint, is that you’ll be able to receive predictable cashflow - on a regular basis - without needing to sell any shares. Fidelity also found that dividends accounted for 54% of market returns during times when inflation was above 5%.
2. BUYING INDEX FUNDS
In fact, Warren Buffett even said that “A low-cost fund is the most sensible equity investment for the great majority of investors," and - index fund investing has outperformed even the BEST professions over a 20-year period. Many of them also pay a Dividend!
3. BUYING EDUCATION:
Think And Grow Rich: https://amzn.to/3thQ0X3
The Four Hour Work Week: https://amzn.to/3UBG0nH
The Book on Rental Property Investing: https://amzn.to/3tenN3f
How To Win Friends And Influence People: https://amzn.to/3UmonYK
Rich Dad Poor Dad: https://amzn.to/3GhFqXV
The Millionaire Fast Lane: https://amzn.to/3WGTmAt
Alive With Zero: https://amzn.to/3htvBvy
Your Money Or Your Life: https://amzn.to/3EiZY0J
4. CREATING A BUSINESS
I know plenty of social-media businesses that were started with nothing out of pocket…they just found a common problem that creators were facing, developed a solution, and then built their business by working for free. From there, they were able to outsource work and slowly scale back.
5. CREDIT CARD SIGN UP BONUSES / CHURNING
Even though it’s not entirely “passive” - it’s fairly easy, and you can grow your money WAY FASTER than you’d get by investing it. Both credit cards and banks will give you a “bonus” for opening an account and meeting some minimum requirements - usually, that bonus is anywhere from $50 to $200, and it usually takes about 30 minutes of work to complete - plus, websites like NerdWallet and ThePointsGuy list update the options on a weekly basis.
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