Fire-fighting Bank of England forced to buy inflation-linked bonds
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[ad_1] Fire-fighting Bank of England forced to buy inflation-linked bonds [ad_2] Source link
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Shark ION Robot Vacuum only $139 shipped (Reg. $250!) Read More »
[ad_1] Why Zscaler Shares are Trading Lower Today [ad_2] Source link
Why Zscaler Shares are Trading Lower Today Read More »
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Coleman GuestRest Double-High Air Mattress only $29.98 (Reg. $60!) Read More »
[ad_1] Rightmove Plc. PT Lowered to GBP4.90 at Credit Suisse [ad_2] Source link
Rightmove Plc. PT Lowered to GBP4.90 at Credit Suisse Read More »
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[ad_1] Ukraine vows to strengthen armed forces after Russian strikes [ad_2] Source link
Ukraine vows to strengthen armed forces after Russian strikes Read More »
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[ad_1] Chinese EV battery maker CATL expects Q3 profit to nearly triple [ad_2] Source link
Chinese EV battery maker CATL expects Q3 profit to nearly triple Read More »
[ad_1] Learning how to make money while you sleep is, quite frankly, the ultimate goal of financial independence. After all, earning passive income is one of the best ways to escape the grasp of your 9-to-5 job. Warren Buffet is famous for making this crucial point about building wealth: “If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett But how do you make money while you sleep? And what are the best ways to build passive income streams to replace the income from your regular job? It boils down to your individual talents, goals, and whether you have any cash to invest upfront. 17 Ways to Earn Money While You Sleep If you want to make money while you sleep, there are an endless number of ways to go about it. Here are 17 top strategies you can try today. Table of Contents 17 Ways to Earn Money While You Sleep #1: Invest in Short-Term Savings #2: Invest in Digital Real Estate #3: Affiliate Marketing #4: Buy a Certificate of Deposit (CD) #5: Invest in Series I Savings Bonds #6: Invest in Stocks #7: Invest in Real Estate Investment Trusts (REITs) #8: Become a Landlord #9: Dive Into Alternative Investments #10: Create a Product You Can Sell #11: Write an eBook #12: Create an Online Course #13: Start a Membership Site #14: Start a YouTube Channel #15: Rent Out Space In Your Home #16: Rent Your Parking Space #17: Rent Out Your Car Making Money While You Sleep: The Bottom Line #1: Invest in Short-Term Savings A high-yield savings account won’t net much passive income, but it can help you secure a decent savings return. It’s also a great place to store your emergency fund. Savings accounts keep your cash liquid and readily accessible, so you can get your hands on your money if needed. Money in a regular savings account is also FDIC-insured, so you won’t lose your assets. You’re protected up to $250,000 per depositor, per institution) if your bank defaults or goes out of business. The Fed has been raising interest rates due to inflation, which means higher returns than in previous years. Wondering which online savings accounts offer the best return on your money with little to no fees? At the moment, I recommend Discover, Citi Accelerate Savings, and SoFi Money. Money market accounts can also help you earn passive income, and they don’t tie up your cash. They’re like a mix between savings accounts and CDs, but they don’t tie up your cash the way CDs do. You often earn a higher yield, you can access your cash anytime without penalty, and they are FDIC-insured. Money market accounts with the highest yields come from mostly online banks. These include options like Discover, Ponce Bank, and Quontic Bank. With UFB Direct, for example, you can earn 3.01% APY on savings with no annual, account maintenance, or hidden fees. You can even get a bonus of up to $300 when you open a new account with direct deposit. * No minimum deposit required * No maintenance fees * 24/7 access to your funds * FDIC insured Start Earning now #2: Invest in Digital Real Estate Real Estate Investment Trusts (REITS) are pooled investments that use physical real estate as an underlying asset, but there are other ways to invest in virtual real estate. Sure, you can buy a plot of land in the metaverse, but I’m not talking about that. When I speak of investing in digital real estate, I’m really talking about digital assets: Authority websites that focus on a specific niche eCommerce stores that sell physical products Digital products like eBooks and courses Domain names you can buy and sell on websites like Flippa Email lists you can build and sell to others Subscription sites that require monthly or annual fees Mobile apps YouTube channels that are ultimately monetized Social media channels that are monetized over time My favorite digital asset is the website you’re reading – GoodFinancialCents.com. I started this website over a decade ago, and since then, I’ve used it to earn millions of dollars. It wasn’t easy – I earned almost nothing for the first year I spent blogging while juggling a full-time job. However, I eventually turned this website into the money-making machine it is today. If you’re curious about how to start a website you can monetize, make sure to check out the following blog post: How To Start A Blog From Scratch And Make It Work Also, consider signing up for my Make 1k Blogging course, which is 100% free. It’s designed to help you get your blog set up so you can earn your first $1,000 online. You can sign up using your email address and be on your way to making money blogging in no time. Make 1k Blogging Challenge #3: Affiliate Marketing If you decide to start your own blog, you’ll want to check out affiliate marketing. But what is affiliate marketing? Mostly, it’s a strategy that helps you earn money when someone clicks on affiliate links you promote. Let’s say you write a blog post about the best travel backpacks, and you fill it with links that earn you a commission when someone makes a purchase. That, my friends, is affiliate marketing. My friend Michelle from Making Sense of Cents is a master of affiliate marketing who has earned millions of dollars with her website over the years. She recently had her first child, yet she still earns $760,000 annually. The best part? She lives on a sailboat year-round, and she spends the majority of her time sailing around the Bahamas while working just 10 hours per week. #4: Buy a Certificate of Deposit (CD) A certificate of deposit (CD) earns more money than a savings account, but you need to “lock up” your money for a fixed period – usually at least six or 12 months. This is because, unlike
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