Do you want to make $500 a day?
Maybe you’re looking to pad your emergency fund, pay your monthly bills, or just strengthen your financial future.
No matter your reason for needing it, making 500 dollars a day will certainly be a challenge for anyone.
In this post, we’ll explore some of the best ways to make $500 a day, how to make $500 fast, how long it takes to make 500 dollars, and how hard it is to make $500 a day. Let’s get started!
Top Ways to Make $500 a Day
Making $500 a day is certainly a challenge but it can be done. If you need extra cash fast, give these options a try. Or if you want to make $10 in a day – check out these options.
Make Money Investing in Stocks
Stocks aren’t meant to make you money overnight. But eventually, you can make $500 per day or more.
To get to these levels, you’ll need to have a massive portfolio that compounds quickly to earn money every day.
One of the greatest benefits of investing in stocks to make money is that you’ll generate passive income each month without having to work.
Depending on how much money you need, investing in the stock market is a great way to build your income, and best of all – anyone can get started.
If you’re looking to start investing, I recommend Acorns. This is a simple to use app that allows you to invest with as little as $5. Plus, when you register today – you’ll get a free $10 to invest. So why not give it a try?
Invest in Real Estate
Similar to investing in the stock market, investing in real estate can be an easy way to general $500 a day if you have enough cash.
There are several ways to invest in real estate that help you earn money each month.
For example, if you purchase a rental property, each month you’ll collect a rent check that can help you reach your goal of $500 a day. But that’s not the only way rental properties make money. If you have a mortgage on the property, you’ll gain equity in the property each month in addition to your rental income.
Between the rental income and equity built in your property – that’s a nice chunk of cash. But that’s not it! Home prices tend to rise at a rate of about 1% to 3% annually. This can amount to another couple of hundred dollars wealth that is generated just for owning the property.
Now, it’s not all sunshine and daisies. Rental properties can come with many headaches. Dealing with tenants that haven’t paid rent, the potential property damage, and finding tenants to rent your space can all cause stress. Another common roadblock can be the money needed to get started. To qualify for a rental property mortgage you’ll need to have a 20% down payment which can amount to almost $100,000 in some cases.
That’s where crowdfunded real estate comes in. You’ll get much of the same income potential expect you won’t have to deal with all of the stresses that comes alongside it.
Looking to start investing in real estate without the hassle of a rental property? Try Fundrise! You can invest in a variety of assets with strong returns.