6 Legit Ways to Earn Passive Income
92,101
Published 2024-03-15
Show Description
Of all the things in the financial world that blow my mind, interest has to be at the top of the list. Today, Iāll go over all the different kinds of accounts (from lowest to highest interest rate) that can help you earn free money.
Next Steps
ā ā”ļø Invest in your future with a SmartVestor Pro. ā® www.ramseysolutions.com/retirement/smartvestor?sniā¦
ā š„ Watch my How Investing Can Actually Lose You Money (Get This Right) video. Ā Ā Ā ā¢Ā HowĀ InvestingĀ CanĀ ActuallyĀ LoseĀ YouĀ M...Ā Ā
Listen to More From Ramsey Network
šļø The Ramsey Show ā® ter.li/255573
šø The Ramsey Show Highlights ā® ter.li/hiyq7n
šø Smart Money Happy Hour ā® ter.li/dorhqm
š§ The Dr. John Delony Show ā® ter.li/htmm6g
š° George Kamel ā® ter.li/d9vd8q
š¼ The Ken Coleman Show - Highlights ā® ter.li/94hq0v
š EntreLeadership ā® ter.li/bz63zt
Ramsey Solutions Privacy Policy:
www.ramseysolutions.com/company/policies/privacy-pā¦
All Comments (21)
-
DONALD NATHAN SCOTT.
-
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my second house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Elizabeth Messer for helping me achieve this.
-
I feel like this is a weird list. Mainly because the way it's worded. A Roth IRA, IRA, and 401k are vehicles to invest, and you can invest in mutual funds including index funds within those accounts. They aren't necessarily completely different. If you open an IRA and just park money in it, it's not doing much for you. You have to choose what you are investing in within your IRA. So, to me, it would make more sense to not have mutual funds (including index funds) on the list separately because they are used in 401ks, IRAs, and other investment accounts. Also, I think CDs should be on the list right after high yield savings accounts.
-
For someone like me, EXCELLENT video!!! Thank you!!! ā¤
-
1) Regular savings account. 2) HYSA. 3) Mutual fund. 4) IRA. 5) 401(k) 6) Index fund. Unfortunately, this is the most basic of the basic lists of passive income.
-
please i'm begging your team, can you please add video chapters to these videos with LISTS? please. For example, when she's talking about Passive Income#1, there's a time stamp right where she starts talking about it that we can jump to. You don't even have to spoil what they are in the chapter titles. It would be super helpful
-
I always love your advice Rachel, I am doing all of these things except the index fund investing which i plan on doing in 6 months when my house is paid off.
-
Vanguard index funds like VTSAX are great, representing the entire US stock market I think the initial entry is 3k so if you canāt afford that you can buy the ETF version VTI which is the same except you donāt need initial 3k, itās packaged like a single stock unit representing the entire US stock market.
-
Great video!!
-
Can you do one for Canada?
-
good and safe ideas
-
Minimum amount needed to start investing?
-
Rachel I have a Money market account with my credit union that yields about 5% return. I also have a high yield savings account account at about the same rate of return. Can you help or maybe do a future video on difference between these two or advantage or disadvantages between? They seem very similar return wiseā¦ thank you! Love the power of Pink! Great color on you
-
There are income restrictions for Roth and Traditional IRAs.
-
Is CDs considered a way of earning passive income ?
-
In Canada TFSA is good to save in right?
-
DCU credit union pays 6% on the first thousand
-
Why not include dividend stocks?
-
Do you recommended CD?
-
What's the best way for people over 65 to earn passive income after retirement?
