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Originally Posted by hienieboo
Hello, i am a college student looking for ways to make an income more than getting a job to supplement that. I want someone that knows about besides putting away money for a saving account. What else can be done? i know that it is very important to have people store away for emergency but what else can you do? I don't want to borrow anymore money and create debt. Please let me know thank you
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There is a web site called "the penny hoarder" that has a tons of great ideas. Taking surveys online to make money. Using websites that give you cash back for buying things you would anyway. how to be a mystery shopper.
Also, if you have some money, I use peer to peer investing sites such as Lending Club. Lending club allows you to put money in and make interest off that money but more than a bank. As you are literally lending people money. It is called "passive income". I also invest in "ground floor" which is the same as Lending club but you are lending to real estate flippers.
Finally, I have stocks that I purchased on my own. You can buy them from places like "computershare investor" or Wells fargo shareholder. I have purchased REITs. Which are pretty good. They are real estate investments that get favorable tax treatment ONLY if they pay most of their profits to the share holders. So the dividends are substantial as compared to the cost of the stock.