Side Hustles that actually work by Godfrey Onyango - HTML preview
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Liquidity
High-Yield Savings
4-5%
High
Certificates of Deposit (CDs)
4-5.5%
Low
Bonds/Bond Funds
3-6%
Medium
Peer-to-Peer Lending
5-8%
Low
Farmland Investing
8-12%
Low
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SIDE HUSTLESTHAT ACTUALLY WORK
Building Your Passive Income Portfolio
[1]
Start with an emergency fund. 3-6 months of expenses in a high-yield savings account.
[2]
Maximize employer 401(k) match. Free money you can't afford to miss.
[3]
Open a brokerage account. Vanguard, Fidelity, Schwab are top choices.
[4] Start with broad market ETFs. VTI, VOO for growth; SCHD, VYM for dividends.
[5]
Set up automatic investing. Consistency beats timing.
[6] Reinvest dividends. Let compounding work its magic.
[7]
Increase contributions over time. As income grows, invest more.