It’s also a good time to take advantage of the gig economy. Can you play an instrument, repair clocks, tutor someone in math, plan a party, paint signs, repair decks, or write calligraphy? Think far and wide about what you’re good at, and write an ad for yourself. Chances are, someone out there needs your expertise, no matter how small or inconsequential you consider your talents to be.
What are dividend stocks? They are just like regular shares of stock, but with one exception: For every share of a dividend stock that you own, you are paid a small portion of the company’s earnings. Basically, you get paid just for owning the stock! If you are looking to get started with dividend investing, check out Ally Invest (which is included on our list of best investment apps).
If you want to become rich by your 30s, you should be looking at wealth-building opportunities that pay off quicker than traditional long-term investments. One of the best ways to do this is to get into the entrepreneurial game and own your own business. Once you own a business, you have unlimited potential to earn, although you also assume more risk.
Even though risk-taking is a generally rewarding strategy in your 20s and 30s, it's also a good idea to diversify your efforts. Don't build up just one skill set, or one set of professional connections. Don't rely on one type of investment, and don't gamble all your savings on one venture. Instead, try to set up multiple income streams, generate several backup plans for your goals and businesses, and hedge your bets by looking for new opportunities everywhere. This will protect you from catastrophic losses, and increase your chances of striking it big in one of your ventures.
I see we have the same mindset. I really believe I’ll be a millionaire in the future, and I’ve been working toward that for many years now. From time to time something can happen unexpected and cause you to have to spend a little more than you earn… you can’t make a habit of doing that though. This was a good article, and should help a lot of people if they will just do it.
If you don’t live in a bottle deposit state, you can still cash in on recyclables by selling scrap metal. You may not have enough soda or beer cans lying around to make this worthwhile — and steel prices are so low right now, it’s not really worth the bother to go collecting them. But if you do have a lot of aluminum cans on hand, or if you have any scrap metal with copper in it, find a local recycling center and see what you’ll get (prices vary wildly by market). Still, unless you have a lot of copper pipes lying around the garage, or bags and bags and bags of old soda cans, realistically, we’re probably talking about getting $5 to $20 back.