4 Things That Will Pay You Money

If you are looking for smart ways to invest your money while earning income below are the 4 smartest ways to do just that.  The earlier you start the better especially if you are under 25 years old.



1: Bank accounts/Certificate of Deposits: When opening up a bank account such as checking and savings, please make sure there are no fees. Fees will killer the paltry interest you will earn. I  prefer the online banks since many offer no fees and higher interest rates relative to the branch banks.
2: Dividend Stocks/Real Estate Investment Trusts (REITs): Both assets mostly pay out on a quarterly basis.  Real Estate Investment Trusts are portfolios of properties that trade like stock on the major stock exchanges.  REITs by law must pay 90% of their income to shareholders in the form of dividends. I recommend buying a low cost mutual fund or exchange traded fund.
3: Real Estate:  Owning property and collecting rents is a popular method to generate income. If you have a high credit score or FICO score, the lowest mortgage rates will be available to you. However owning real estate is a liability because you have to pay utilities, mortgage, insurance and maintenance costs.  This goes without saying but I will say it, rental income must be higher than property liabilities. 
4: Bonds: lending money to the government or corporation will pay you income in the form of interest.  I recommend buying a low cost mutual fund or exchange traded fund. 



Please watch the video below for more details.  
https://www.cnbc.com/video/2019/06/03/wealth-expert-here-are-the-smartest-places-to-invest-your-first-1000.html