Just wondering, as i am bored an curious because I’m in a position in life where i can get a job/cant travel to work. I remeber before I switched to lemmy and back when I used reddit, most people would promote their affiliate stuff or something, which really bothered me as it was quite common.
What legitimate ways are there to make money on the side from online without having a job? If you have questions, please leave a comment.
The boring answer is something like a bond or CD ladder, or treasury bill focused ETF that’ll give you 3% a year before taxes.
2 million dollars can safely net you 50,000 a year without working.
And since it’s mostly federal bonds, you could be tax exempt up to a certain amount.
Of course this is the US POV.
And there are riskier investments that can hit 8ish% with only $600,000, but you’ll be at the whim of high risk high reward.
If you’re wanting to hit the tax free limit of $15,750 a year (total income) then 3% APY is $525k.
Or go super risky run options.
never settle for 5-10 point gain in a bull market, if your not pulling in atleast 100% yoy when republicans are in power you likely have a major gap in knowledge on how the markets actually function