Everyday I'm Hustlin'. Use Your Side Hustle to Start Investing
- A good use of extra income is paying off debt or building up your savings for a rainy day or creating some financial cushion for yourself.
- Money can also be used to generate more through investing.
Do you have a hobby or do anything on the side that generates extra income? If so, you have an opportunity to invest in your future.
A good use of extra income is paying off debt or building up your savings for a rainy day or creating some financial cushion for yourself. However, it can also be used to generate even more money through investing. If you have extra cash, think about these potential investments:
A) Opening a self-directed brokerage account. Brokerage accounts are usually very affordable and can allow you to familiarize yourself with different investment products as well.
B) Investing in a stock that pays dividends or has high growth potential can put that money to work for you.
Remember, the key is to create multiple streams of income, and passive income is one form that is a lot easier than punching the clock. Give it a try!