15 Easiest Ways to Make Money in 2021 (If You Already Have Some)

if you ain't got money and looking to start from scratch we've already made that video a while back and it's called 15 businesses you can start for cheap or even free so if you're broke go check out that one it's not about taking online surveys or begging it's the real deal now for those of you who have some money already lined up by the end of this video you'll probably identify your next investment or at least get the confirmation that you're making the right call welcome to alex.com the place where future billionaires come to get inspired if you're not subscribed yet you're missing out here are 15 real easiest ways to make money especially if you already have some number one crypto crypto is more than bitcoin and ethereum and the entire industry is super hot right now by far the easiest way to make money this decade is to simply buy some bitcoin or ethereum and literally do nothing else but hold it for the next five to ten years if you're more tech savvy and understand the space a little bit you can even diversify your portfolio of holdings into potential deafy oracles or infrastructure projects our picks would be cardano chain link polka dot and uniswap stay away from dodgecoin or shibalnu number two tradestocks this is where things can fluctuate based on how much money you actually have have a lot go with an index fund and play it safe the s p 500 is probably your best bet to make money sustainably and long term if you're feeling like you'd rather risk it all then play it safe then look into leveraged trading who knows maybe you'll get lucky going diamond hands on one of those meme stocks number three real estate governments everywhere are printing a ton of money and flooding the economy with it prices are already climbing and they'll continue to do so for at least the next 12 to 14 months if you've got money laying around and want a safe bet buy property it's the obvious hedge against inflation and after the price has stabilized we'll see the aftermath in the rise in rent it's gonna be a lifelong cash flow pro tip look for apartments that used to be used as small offices since everyone works from home now these are selling under market value clean them up and turn them into residential apartments and you're ready to cash in number four venture capital something you probably don't know is that you don't need billions of dollars to become a venture capitalist thanks to everything happening in the age of the internet you can now invest in early stage companies from anywhere in the world our recommendation would be angellist microventures and seed blank or just google venture capital crowdfunding and the name of your region plenty of options should come up basically you and other people come together and invest in early stage companies in return you own a percentage of that company if in a couple of years that company becomes highly profitable or gets acquired you make bank number five teach online so you've made a bit of money do you know you can teach others how to do exactly what you did and get paid for it use some of the money to buy yourself equipment and offer a consultancy service costs are pretty minimal you're able to do it from a laptop and basically from anywhere in the world online courses are great and oh boy do we know something about online courses but teaching live is a way more engaging type of approach and your clients will get more value out of it number six buy low sell high the more we think about it the more we realize that every business out there is in the buy low sell high business everyone is looking to arbitrage between cost of purchase and cost of sale find anything you can flip for a higher amount and you're golden pro tip recently we became aware of how big the resale gap is for old furniture people go on craigslist or flea markets buy old furniture give it a fresh look and resell it for profit someone we know made over one hundred thousand dollars just by doing this on the side last year number seven uber the smart way now that we're no longer stuck inside uber is booming as a business but before you brush yourself as you did with the articles you read before ending up here take a moment and hear us out what small investors do is they buy cars and have people act as drivers drivers get paid a wage plus a percentage of the earnings and the investor keeps the rest you can buy five cars and get five people to drive uber for you because you're not investing a lot of money to begin with the operation can be scaled until you can afford to buy some real estate or a bunch of crypto like real investors number eight monetize your online presence if you've got a little bit of money you either know something others don't or at least decent when it comes to sales social media is the marketplace of today so go out there and sell build a community engage with your followers and see how other people in your industry are cashing in on that exposure instead of making other people rich by plugging their products develop your own and keep all the profit for yourself number nine facebook ads online ads get crazy returns if you know what you're doing you can get up to 30 to 50 x returns on your spend here's the simplified version find a product with as high a profit margin as you can pro tip it should be at least 40 percent if you go to a locks.com slash sell by the end of today you could have a full online shop set up and you're going to get access to two weeks of premium services because shopify wants to support our community put your product onto shopify you set up a payment system with paypal or stripe and then begin to promote your high margin product on the socials it might require a few tests to figure out which campaign gets you the best results but once you do you just keep those orders coming number 10 acquire production equipment and raw materials we love robots and machines that can create value for you example a professional camera is a couple of thousand bucks but if you're good at using it you can earn back that money in a few weeks by far our favorite ones are vending machines you simply buy them restock them once a day and collect your cash if you really wanted to you could have one installed in front of your building before the end of the week it might not make you millions but it's a passive income and easily scalable number 11.

Peer to peer lending this is where you lend people your money and they pay it back with interest although it sounds very lone sharky when you say it out loud there are plenty of options where you can do this legally and online just google peer-to-peer lending and we're sure you're going to find several options that work in your area but make sure to look into the project that you're funding and assess them based on the level of risk that you're willing to take number 12 rent on airbnb when we got started with real estate this was the first thing that we did we purchased two apartments in the city center fully furnished them with a few of our interior designer friends and then had them listed on airbnb this initial test run has proven the concept and if last year tourism was dead oh boy it's begun to pick up some steam pro tip putting a pullout couch in the living room increases the number of people who are able to book a place it isn't an elegant solution but it will dramatically increase the number of views and guests you get number 13 become a silent partner in a business yes this is similar to venture capital but if that was done with an investment fund-like approach where you probably split your investment across several companies just to hedge your bets this one is a little different we recommend talking to your super talented and hardworking friends more often than not they're looking to expand their business and always in need of capital that's where your money comes in become an investor and help them expand by being a silent partner they have their say in the business and where the business is going we recommend becoming a silent partner because you can easily break friendships apart if things go south instead offer advice when needed and see if you can open up some more doors for them number 14 growing food yep you heard us we're recommending farming t-hull but hold up this is the new age cool type you can now buy shipping containers retrofitted to become hydroponic farms where you basically grow greenery such as lettuce basil parsley bok choy and so on the cost of electricity is pretty low and fresh greens are being sold at a premium at your local supermarket a single shipping container can net you over 80 000 dollars a year freight farms are the most well known of the bunch but there are many companies in this space with different levels of tech associated with their containers look into it we find it fascinating number 15 do more of what got you the money in the first place statistically speaking this is probably the highest return you're going to get for your buck you already know what you're doing so use the money and reinvest it in your business or whatever you're doing to bring in the cash once you have enough you can look at all of these and see which fits you best your goal is to increase your income to the point where you can confidently create new sources of income independent of your activity so here is an interesting question we want to ask you if you had 50 000 right now what would you invest in show off your investment skills in the comments we can't wait to see you in the conversation now for those of you sticking around of course here's your well-deserved bonus it doesn't matter how much money you have anyone can invest here's a golden nugget if you've got less than five thousand dollars saved up that's not outside of investment money invested in your education you were smart enough to get 5k you're smart enough to get it again zero to five thousand dollars if you don't have money invest in yourself buy books learn as much as you can try to put together the fundamentals of a business five thousand to fifty thousand dollars invest it in your business this is where you try to find that initial traction super important do not get distracted by shiny opportunities you know your business well reinvest everything until your business is doing at least one hundred thousand dollars in profit per year this phase should take between two and five years depending on your ability one hundred thousand to five hundred thousand dollars this is where you jump into real estate use down payments purchase multiple properties rent them out and let the rent pay for them one million dollars plus when you're finally earning in excess of 1 million dollars per year and you already have enough real estate to make sure you'll never be poor that's when you begin to take higher risks with your excess capital your goal is to generate as many sources of income as you can but in order to get to that point you have to start by mastering the first one if you're really going to do this then do it right we can't wait to hear from those of you who get to that one million plus phase if that's your medium term goal please write 1m plus in the comments you

You May Also Like