Seeking advice on alternative income sources

[Punisher]

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

[KGFsutthi]

Just now, Punisher said:

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

You are in 20s and already investing and why do you need more ways? Enjoy your money first while your are young 

[Punisher]

I appreciate your reply, but I disagree with your suggestion that I should enjoy my money first while I am young. I believe that there is nothing wrong with wanting to earn more money and secure my financial future.

Enjoying your money and increasing your income are not mutually exclusive.

[KGFsutthi]

1 minute ago, Punisher said:

I appreciate your reply, but I disagree with your suggestion that I should enjoy my money first while I am young. I believe that there is nothing wrong with wanting to earn more money and secure my financial future.

Enjoying your money and increasing your income are not mutually exclusive.

Aithe cheppanu brother 

[pavone]

Cash value life insurance like IUL for a bond alternative and tax-free growth/distributions or whole life for a savings alternative. DM if you need more details.

Money wise- watch shark tank for business ideas. Forget it if you are on visa.

[coffeeabhi]

47 minutes ago, Punisher said:

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

Good thinking Bro!

I started working when I was 21 years old, cleared some loans in a year, and started investing when I was 22. PM me if you want any advice. Investments depend on the individual person, andhariki okate suggestion ante workout avvadhu.

[Konebhar6]

1 hour ago, Punisher said:

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

Plenty of ideas. Since you are in your late 20's there is a lot of opportunity to grow your money with out much risk. I will drop some ideas here. You can pick and choose.

In the mean while, answer some questions I understand you have less knowledge on stocks.

• But what is your risk appetite? How aggressive you want to be.
• What are your goals for future.
• Are you looking for your investments to grow or want some income stream monthly?
• How much money can you put aside monthly for investments?

[ChandrannaChippa]

1 hour ago, Punisher said:

I appreciate your reply, but I disagree with your suggestion that I should enjoy my money first while I am young. I believe that there is nothing wrong with wanting to earn more money and secure my financial future.

Enjoying your money and increasing your income are not mutually exclusive.

[Thokkalee]

1 hour ago, Punisher said:

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

Calling @Sucker for his valuable advice 

[Konebhar6]

6 hours ago, Punisher said:

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

• Buy some defensive stocks in Pharma sector which have been there for ages and give good dividend. Like GSK (around $30), PFE (buy between $30-$33), GILD (around $60). Altria (MO around $40) is in cigarette space and gives good dividend. Also add verizon (around $32). At current prices these are excellent yields (>5%). Imagine these doubling in 5-10 yrs. You will get 10-15% per yield on these. I would say invest around 20-25% of your portfolio in these type of standard companies with good div.
• Buy some monthly div funds with less expense ratios. I own BST, BSTZ, PDI, JEPI, JEPQ. Some of these have higher expense ratios but are giving good returns. They give 10-15% yields. I like them as i am trying to replace my income stream and retire early.
• Do a SIP and invest some money every month into index funds from vanguard, Schwab, etc.
• If property prices crash (by 50%), buy a home to live and also buy a small home for rental income.
• Talk to some people who have invested in other businesses and ask experience. Plenty of information online to learn financials. We have a group where we discuss ideas.
• Coin Landry business is good. No maintenance. You need to just collect money every day. Location is the key
• If real estate prices drop look at investing in a small apartment complex or strip mall along with 1-2 friends with similar mind set.
• Margins are good in meat business these days. Look into any opportunities there. Find a good location that has large indian population and less halal meat shops.
• I personally do not liker restaurant business. Too much work. You have to be always there. But a lot of desis get into this. Same with grocery store. 
• Bar business is good. Look into fully automated Bar with taps and small bar food menu. Location is key. These are flourishing these days. 

[Pandubabu]

6 hours ago, Punisher said:

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

You are doing good , continue whatever you do . Don't go crazy on I bonds every year 

[Sixers]

Nenu kuda late 20s. 
 

Every month 5 MSFT stocks na target.

[Shameless]

7 hours ago, Punisher said:

Hello @Spartan @mustang302 @Konebhar6

I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either.

What are some other options for earning more money for someone in my age group?

Only Fans bro 

[ChandrannaChippa]

6 minutes ago, Shameless said:

Only Fans bro 

Uncle idhi kani nuvu kadhu ga

[Konebhar6]

30 minutes ago, Sixers said:

Nenu kuda late 20s. 
 

Every month 5 MSFT stocks na target.

Diversify and buy 2 MSFT, 1 ISRG, 2 GOOG, 1 SNOW