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EXTRA INCOME

If you would like to get started with investing but cannot afford it, there are ways to generate additional income. It can also be a good idea to use the extra income to invest. If you are worried about getting started with investing, using the extra income can be beneficial. Psychologically, it doesn't feel like you are risking your own money since it is money you didn't have to start with.

You might think that you need a lot of money to get started with investing, but if you look at my example in crowdlending, you will see that due to compounding interest, €1.000 would eventually turn into €17.449 after 30 years with a 10% annual interest rate. Additionally, you might even get a higher interest if you engage in copytrading. If you do not have that amount of money, you can acquire it through my suggestions here. Once you acquire them, you can invest them, and if you choose, you can simply let them grow on their own.

Here, I will provide you with some ideas on how to earn extra income that can be used for investing:

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