5 Medium-Risk, High-Reward Ways To Make Money

If you want your money to work for you and continuously earn dividends, you need to put it to good use. Stocks, long-term bonds, 401k, etc. That’s all good. If anyone is willing to find out more, Google will tell them everything they want to know.

However, what if you don’t want to wait 40 years to reap profits? What if you are willing to take a risk? In that case, we have 3 slightly-higher risk ways to earn some extra cash fast.

Cryptocurrency

 

You have probably heard by now about the bitcoin success. Just imagine, if you have bought $100 worth of Bitcoin when it was launched, you could now have millions. Fortunately, Bitcoin has plenty of competition.

Here is what you should know. If you do have some extra money, but don’t really want to get into cryptocurrency, pick one that is cheap, buy and forget. The technology is still being developed and as a result, one thing you need the most is patience. Bitcoin has tanked a few times and still came out as a hugely successful currency.

Chances are anything like Litecoin that follows will not be as successful but buying cheap, selling for profit still could be an option.

Buy websites

 

Nowadays, everyone wants to have their own online business or a personal website. Understandable in a world where YouTubers are millionaires and strategies like drop-shipping allow making money without a product, even on Day 1.

You could be doing that, or could buy and sell domains and ready-for-you websites. All you need is some basic coding skills. If you don’t know how to start selling, try making an account at Fiverr.com and offer websites.

However, there is a slight risk that no one will want to buy your website. Worst case scenario, you you’re stuck with that website for a couple of months. Think of it like car flipping. Websites just are cheaper and easier to get. Work on it. Improve backlinks, get some traffic in. Sonner or later, someone will want to buy it.

Online gaming

 

If you like online games, you have a lot to choose from. You can play, collect rare items and sell them to other players, you can play in competitive tournaments, or, if you are over 18, you can make money playing poker, casino and betting on sports.

As I mentioned, there is a some risk here as well. But there is a way to minimize it. For example, you can diversify your gaming – practice poker, play jackpot slots and follow established tipsters for better sports betting results. Making a first deposit of $500 would cover you for a long time (in terms of $5 buy-in poker tournaments, $5-$10 sports bets and up to $0.50 per spin slots. That’s an example if one operator offers all three games. Visit: pay-by-phone-casino.com, it has several examples of these kinds of sites, like 888.com.

Luck is always a factor but diversifying your bets will help you keep your deposit even in times of a downswing.

Conclusion

In the end of the day, we all just want little less stressful life. Making sure you are stable financially is the train that will take you to the happy town the quickest. Try out methods and let us know what you think.

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