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Step by Step 1. Make a budget. 2. cut everything that is not essential. 3. Put your savings in stable dividend paying stock. This will generate passive incom
by MaxPengwing 5y ago
Step by Step
1. Make a budget.
2. cut everything that is not essential.
3. Put your savings in stable dividend paying stock. This will generate passive income for you.
4. start selling digital goods, like courses, merchandising etc. Checkout Wholesale Ted on youtube for ideas. this has low bar for entry but will generate small to if you are good at doing your due dilligence large sums of money.
5. Just reinvest everything you earn under a year or 2-3 in to more dividend stocks.
6. Make sure to diversify your portfolio. Don't have more than 10% of your portfolio in one stock. If it tanks you do not loose to much.
7. I don't touch crypto since I don't like the volatility and uncertainness of it. But if you want to make money with pattern trading and day trading, then this might be a good start. Don't expect or aim for huge 20%+ gains. Aim for 1-3% gains and do several smaller trades, that way you don't run the risk of loosing everything if a trade goes south on you and you end up owing money.
Good luck..
- blocked_again 5y agoHow do you end up owing money in crypto? I get how some shit coins you invest can goto zeo. But that just means you loose money. How does one end up owing in crypto?