3 Creative Ways To Make Or Lose Your First Million
Looking to make a million bucks? Or do you have a million and you're looking for a way to spend it? Here are a few options for you.
Invest in the stock market
Plenty of people make their first fortune trading on the stock market. If done wisely, and during the right time, there is the potential to double, triple, or 10x your investment in less than a year. But there is also the potential to 10x your money gambling. So is there a difference? The answer is yes and no, as answers so often are these days. Stock traders are usually very very good at reading charts, looking at patterns, and figuring out where a stock will be. However no matter how good an investor is at reading patterns, they will never be able to guarantee profit because stocks break their patterns every day due to dozens of reasons.
Because of this, it is a sad fact that a much larger number of people lose their fortune on the stock market every day as well. And I mean a MUCH larger. People think they can take a market trader course and be making millions within a few months. Sadly this is not at all how it works. Those that make a real killing on the stock market do so with years of experience watching how the price of stocks react to different events. They also spend a good amount of time learning the fundamentals of valuing a company.
Make a Udemy Course
Here's a much safer way to make some money! Thousands of people go to Udemy every day to learn from experts. There are courses on stocks, web design, fishing, yoga, weight lifting, sports, and dozens of other categories. Find your passion and teach someone about it for money! Welcome to the internet.
Write Articles
Have a passion for writing? Or at least somewhat good at it? The phrase "content is king" has never been more true! People are willing to pay a good amount of cash for well-written content. Luckily there are dozens of websites that will connect writers to companies that need content including Textbroker, iWriter, and more. You will have to prove yourself before you can start making good money though, so make sure you do your best!
These are three ways, but luckily there are dozens of other ways! What do you do to make a little extra cash on the side?
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