Most people want to buy stocks or BitCoin, but don’t have the money to do so. It’s the biggest hurdle keeping many Americans from improving their current financial situation. This article aims to fix the problem. Because I’m about to teach you the secret to build investment funds quickly.
This isn’t some convoluted system or day trading strategy either.
Instead, you’re going to learn about building wealth the old fashioned way. By making more money.
This might sound a little silly or arrogant, but bear with me.
I’ll explain everything.
Harness The Power Of Multiple Income Streams
Most wealthy people make their money through multiple streams of income. They have a job, business, and assets which all produce income. Let’s use Warren Buffett as an example.
Buffett makes money from:
- His business (Berkshire Hathaway).
- Investments (mainly stocks).
- Real estate.
While you might not be the next Warren Buffett (yet), you can capitalize off a similar strategy.
Here’s an example:
- Your job.
- Side business.
- Stocks and bonds.
- Crypto Currencies.
Making money (even a small amount) from each of these will launch you forward financially. Plus, your earnings will compound over time.
This let’s you build wealth quickly, without having to rely soley on your job for income.
(FromĀ Cashflow Quadrant)
Robert Kiyosaki has a great book explaining this called Cashflow Quadrant. And I highly suggest reading it if you want to get a more in-depth look at this idea.
But for now, just understand that the more streams of income you’re receiving, the faster your riches grow.
Now that we’ve got this out of the way, let’s look at some strategies to start you off on a secondary source of income.
The Two Ways To Build Investment Funds
If you want to get into passive income investments like Crypto Coins or stocks, you need the money to do so.
And aquiring your initial funds can be difficult.
I remember working a summer job when BitCoin was $300. It would have taken a whole week’s paycheck just to buy one coin.
That’s way too daunting.
As such, you’re probably going to hustle for your “seed money.” And there are two ways to do this:
1. Work More
A few years ago, one of my friends decided to buy his first rental property. Unfortunately, he didn’t have the money for doing so.
The solution?
Get a part-time job on weekends, pocket every paycheck, and save up for his down payment.
This took about a year in total, but it set my friend up for some major success.
The easiest way you can build your investment fund is by simply getting a part-time job. It’s not sexy or exciting, but it boost your income and gives you the money you need.
Personally, I wouldn’t do anything super complex here.
Jobs like delivering pizzas, working as a security guard, or teaching night classes are all great ways to build your wealth.
They’re low-effort, pay well, offer a steady paycheck.
If you have no interest in “hustling” or starting your own business, then this is a fantastic option.
However, if you’re a bit more ambitious, there’s another opportunity too…
2. Start A Business
This is a fantastic way to earn extra money and build your investment funds. In fact, this is the exact strategy I use.
It’s something that sounds complex and scary, but is actually quite easy.
Basically, you can offer a service or sell a product. Both are viable options, and each is as complex or as simple as you want it.
Service businesses are things like accounting, lawn care, teaching piano lessons, etc.
You have a skill and people pay for it.
Sales businesses are where people buy a product from you. Maybe a book or affiliate product. This is an especially great business model online. You can make a product (like an eBook), or sell something on commission.
While this does take some time to set up, it eventually makes money “on autopilot.” Meaning that you’re selling goods and turning profits 24 hours a day
And once this happens, you’re free to re-invest into Crypto Coins, stocks, or bonds.
If you’re interested in starting your own business, I highly recommend checking out the book Side Hustle, by Chris Guillebeau.
It’s an actionable guide showing you exactly how to build and launch a profitable part-time business.
Once you’ve got your side-venture up and running, it’s easy to re-invest into assets. Something which instantly creates your third stream of income.
P.S. Got some extra cash you’re looking to invest right now? I suggest opening a Robinhood account. You can buy and trade stocks (and Crypto Coins) for free. This means no transaction fees or hidden costs. Best of all, you get one free stock by signing up through this referral link.