Are you looking to make the most of your time during the Coronavirus Lockdown? Now is the perfect time to pick up some new skills. And what better skills to learn then ones that can help you make some more money. With a potentially long lasting recession (or worse) on the horizon, being able to make extra money is hugely valuable.
So start using all that spare time with these super useful, and potentially profitable skills:
The markets are currently crazy. Does that mean you should steer clear of investing and instead stash a pile of cash under your mattress? Well there are a few things you can do that will make investing during the Coronavirus Pandemic a little less crazy.
These are my tips for investing at the moment:
Here are my top eToro trading tips for 2020. Each year I like to put tougher a little guide on what I think works best. Of course this is just my experience and you should do your own research to make sure it's the right type of investing platform for you.
So what is eToro? eToro is a popular social trading platform. It's a bit like if you combined Facebook with a Broker. Each trader has a feed that you can follow. You can see the trades they have opened and closed and you can even copy those trades using eToro's copytrading feature.
There are countless lists out there of ways to make more money. But I've found many of them to near useless – with a lot of junk ideas that I know don't actually work. So I want to put together a list of ways you can make cash, that actually work. I've tried and tested all of these methods and I've included how much money I actually make. Best of all – anyone can copy these ideas.
Here are some of my top ideas for making a little extra cash in 2020.
During 2020 there will be a Bitcoin Halving event. What this basically means is Bitcoin Miners will receive half the reward they currently get for successfully mining a block.
This means there will be much less Bitcoin being created everyday. And due to the simple economics of supply and demand, many people believe this will push the price of Bitcoin Higher.
Did you know that if you're currently saving money in a bank account, you're probably losing money. That's all thanks to inflation. Over time your money is worth less and less. That's why decades ago you were able to buy a house for $10k and why just a few years ago a cup of coffee cost a little less. If your bank is only paying you between 0-1% interest and inflation on average is around 3%, the simple maths says you're losing wealth.
Because of this, people who are smart with their money choose to invest rather than just save. So here are some of my picks for the top investing apps in 2020:
The largest private company in the world is about to go public. Aramco is the Saudi Arabian National Oil and Gas company. It is the most profitable company in the world. So it's going to have some kind of impact when it gets listed and the public can trade Aramco Stocks
One of the problems with passive income is that it can take so long to get going. Investing in something like dividend stocks is great – but it takes a huge amount of capital to earn anything decent. Some people spend decades building up a portfolio of dividend stocks.
So I wanted to come up with 5 ideas that can either start generating a decent amount within months, or can be started for very little money.
Here are my top picks:
Did you know that it's possible to make money from running your own Minecraft Server. Minecraft is one of the worlds most popular games with over 100 million people playing it every month. While not all servers make money, the most popular ones can bring in over $100k every month. So if you've been looking to combine your love of gaming with making a little extra money on the side, read on to find out how:
Blogging is still a reliable way to earn some income on the side. Or even a full-time income, if you can dedicate enough time. Anyone can setup and start blogging, but making money from a blog is a bit harder. In this guide I'm going to walk you through what I believe is the best way to make your first $1000 from blogging.