I want to share 3 streams of income you can easily add this year with resources you already have & 1 stream of income you can add with just a little bit of work.
- Interest Income
If money is just sitting in your checking account, chances are you’re losing money. There are several ways to have your cash making 5% or more for you right now. I wrote about some of those recently here. Over the past few years, your extra cash wasn’t a great income stream because it was earning very little interest. Now it can earn significant interest. Make sure you are leveraging this. Invest that extra cash in a HYSA, a CD, or a short-term Treasury. This will immediately add an additional stream of income leveraging money you already have.
- Cash/Rewards from Cards
If you strategically make your daily purchases on certain credit cards, you can add an additional income stream (or...