12 Side hustles to replace your 9-5 is a series dedicated to the savvy digital nomad and entrepreneurial enthusiast. I will share with you the opportunities that I have dabbled in and disclose the outcomes of each endeavour. I’ll also be sharing links to products and services that will help you along your journey. Some links will contain affiliate links so, when you make your purchase, I know that you have found the information valuable. Allow me to continue to bring you more great information and services you can use to enrich you and your family’s life.
- Affiliate Marketing
- Stocks & Options
- Amazon FBA
- Creating E-books
- Amazon KDP
- Create how to guides and courses
- Social Media Marketing
Stocks & Options
12 Side Hustles To Replace Your 9-5 continues with Stocks & Options.
Stocks and Options, just like trading, have been around since the dawn of civilization. Our ancient ancestors paving the way for us to build an economic system of perpetual wealth.
What are Stocks & Options?
A Stock is fractional ownership of a company, entitlement to a fraction of a companies earnings. An Option is a contract that gives you the right but not the obligation to buy or sell the underlying asset at a specific strike price on or before a specified date.
How do Stocks & Options make you money?
The best way for you to make money from stocks and options is to understand the concept of intrinsic and extrinsic value. However, it’s not that simple. You also need to understand the reason behind your desire to make money in the stock market.
There are multiple ways to make money from the stock market. That means you don’t have to do what everyone else is doing, but you need to know the fundamentals and apply them to your goals. Check out more on How To Make Money In Stocks.
Simply put, you make money from stocks when a company you have invested in sees progress in their business venture. The company generates more revenue which triggers a rise in its share price. What this means is your fraction of the stock has now increased in value.
You make money from Options in a similar way. A single Options contract gives you control over 100 shares of the underlying asset, while the time frame can be as short as you want or as far out into the future as the exchange platform will allow.
Profits are not always the outcome in either a Stock or an Options play. Assess your risk tolerance accordingly and always do your due diligence.
Here are a few ways for you to make money with stocks.
- Buy individual shares in a company
- Buy an indexed fund
- Buy an exchange traded fund (ETF)
Here are a few timeframes investors are classified.
- Short term holders
- Medium term holders
- Long term holders
Unlike options, a stock’s value can take days, weeks, months, or even years to realize growth. So, set your expectations accurately and know that this is not a get rich tomorrow journey. When done right, it becomes a get rich for the sure process.
There you have it. A quick look into a side hustle that can replace your 9-5. Remember, Stocks & Options are a marathon strategy in your wealth-building portfolio. You’re going to see fluctuations in your learning journey, and your key to success is continuing education.
Everyone’s ultimate goal should be to gain passive income from their stock portfolio. Building assets that pay dividends and increase your shares while you sleep. As you can see, the opportunities are vast, and to explain it all in one video would take hours. That’s why you need to check back regularly as we continue to increase our awareness and share them with you.
If you’re looking to get started on your stock investing journey, it’s always best to learn from the great. Chris Johnson has been changing thousands of lives with his easy-to-follow courses and bundles. I wish I had this course back in January of this year. My portfolio would be 10x the amount that it is now. Nevertheless, I studied Stock Market Gems and continue to review it for refinement.
Thank you so much for tuning in. Remember to like and subscribe if this information is valuable to you. It would mean the world to me. Leave your ideas and thoughts in the comments. Links welcome!!!
Grab yourself a couple of free stocks when you sign up for a Wealth Simple account using the link below. When you complete your sign-up and fund your account with as little as $100, you’ll be eligible to receive your FREE stocks valued up to $4500. Let us know which company shares you get and what you will do with your share in your new company.
We’ll see you at the finish line.