On my journey to wealth and getting money, I’ve discovered passive income is a great way to start. In one of my previous blogs, I’ve explained that Investing is a good way to earn passive income. in this blog I’m going into more detail on what I’m currently investing in.
- E-Trade
- Fundrise
- Roth TSP
- Ally Bank
E-Trade
E-Trade is an investment platform where you can invest in stocks, bonds, REIT’s, ETF’s and mutual funds. I use this account to invest in REIT’s. So far my portfolio is worth $1,039.26. The goal for this account is to generate $1,000 a month in passive income with dividends. I have not set a time frame for this goal yet.
Fundrise
Fundrise is a crowdfunding real estate investment platform. I have written a Fundrise Review you can check out. Currently, the account value is $1,745.51. The goal for this account is $20,000 in five years and to generate $500 a quater in passive income. Right now I’m on track for these goals.
Roth TSP
A Roth TSP is a Roth retirement account for federal employees. Currently, the account is valued at $10,384.45, all of which is invested in a common stock fund. The goal for this account is $1,000,000 by retirement age, which is in 30 years.
Ally Bank
I recently opened a high yield savings account with Ally Bank and started putting 40% of my monthly ebay profit into the account. Ally Bank savings account has a 2.10% APY. Currently, I have $87.49 in the account. The goal for this account is to be able to deposit $100 a month from ebay profits and watch it grow.
There are other investment opportunities out there, be sure to do your research thoroughly before you jump in to get this money!
Road To Financial Peace 