Warren Buffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." I understand that investing isn't for everyone, and it can even be stressful for people to get started. There are many different ways to invest, and it may seem overwhelming to even get started. Hence, I have decided to share some ideas for passive investing. There are different ideas that can help you get started investing in three different asset classes. What they have in common is that you can set it and forget it. It means that you only need 5-10 minutes to set it up, and then you can pretty much forget about it.
Many people want to start investing in stocks but find it overwhelming to begin. Some individuals may also struggle to comprehend the concept of determining whether a stock is undervalued or overvalued, as well as when to make a purchase or sell. With today's technology, it is fortunate that copytrading is possible. It simply means that you are copying someone else's actions, and it is much easier than you think. You can read my guide about it here.
Some individuals do not appreciate the unpredictability associated with purchasing stocks. Instead, they prefer less volatility and a steadier return on their investment. Hence, they should consider crowdlending. Crowdlending means that you purchase a share of a loan and receive interest. The interest is invested in new loans, which is how your initial investment will grow over time. It might sound complicated, but it really isn't. No investment is risk-free, but I have a strategy that I use myself that can significantly lower your risk. You can find my guide here.
Finally, we have the people who prefer more volatility and invest in cryptocurrencies. Some people trade cryptocurrencies daily, while others prefer to hold them for years. If you are one of the people who believe in cryptocurrency for the long term and want to hold it for years, you can earn daily interest on your crypto. It is much easier than you might think. Even better is that they are paid daily, which allows for faster compounding. Even if you are not very interested in cryptocurrency, you can still earn a quick 25% return on your investment by investing $100. You can learn how to earn daily interest on your cryptocurrency and how to achieve a quick 25% return on a $100 investment here.
Once you have completed one or all of the suggestions mentioned above. You will start earning money while you sleep.