You already know it. It’s time to start creating your second income.
There are countless ways to create a passive income stream. The trick is to find the one you are most comfortable with.
Go through my investment reviews to make up your mind.
Remember – the earlier you start, the sooner you can benefit from your additional income.
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The early bird catches the worm. So the saying goes… and it’s a fundamental truth about investing.
The sooner you create your passive income, the more it will benefit you later. That being said, don’t be hasty about what to invest in.
The short answer: a lot 🙂 but it’s more complex than that.
I experimented with different investments and after a long learning curve I discovered why stocks are the best investment type for me. But it’s not for everyone.
Investing in real estate has always been a popular alternative. And why not? After all, you can own something tangible that provides you with a source of income.
I will highlight the pros and cons in comparison to stock trading.
Penny stocks and day trading are special types of stock trading – I have tried and it was not for me.
That does not mean that it cannot work as an investment. Just be aware of common pitfalls, scams, and other drawbacks.
There are other ways to invest in stocks than trading them by yourself. Enter the world of financial products, i.e. Mutual Funds and Managed Savings Accounts (MSA).
In a nutshell: if you are OK with outsourcing your investments for a fee, then these are for you.
Options trading provides interesting new ways to invest your money.
It is complex and not for the novice trader (unless you are well prepared). However, it can be used to protect other investments.