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4 Ways to Start Adding Income Streams Now

Actionable suggestions for bringing in more income anytime.

December 2, 2020 1 min read

Opinions expressed by Entrepreneur contributors are their own.

In this video, financial advisor Jeff Rose provides four actionable steps for earning additional income, whether as side hustles or for a period of unemployment. These action items are:

1. Do something different

Try lowering your standards and do something that may feel like you’re overqualified to do, such as driving a rideshare or delivering groceries. When you put yourself out there and take action, things start to happen.

2. Start investing small

By investing in dividend-paying stocks, you’ll receive a dividend check every quarter. Additionally, your stock’s value may appreciate over time.  

3. Dare to do something risky

Get out of your comfort zone and dabble in something you’re unfamiliar with, like cryptocurrency. Even if you don’t fully understand how it works, a small investment will motivate you to learn more.

4. Build something now that will bring in income later

A side hustle or project may not make any money for months or years, depending on what it is and how much work you’re willing to do, but it could be lucrative in the long-run.

Related: Make Money Blogging: From Zero to $1,000-Plus per Day

Source: Entrepreneur News Colony | Business News

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