Are you looking for ways to have an additional income stream aside from your day job? Why not try investing your money?
If you are hesitant because of the risk, there are safe investments with high returns for you to try.
In an ideal world, investors look for investments that provide high returns and low risk. However, investments with high returns are often associated with increased risk and vice versa.
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One of the investment options with the lowest risk is a high yield savings account.
Certificate of Deposits (CD) are closely related to the savings accounts but have higher interests. The FDIC also insures Cds. That means they are practically risk-free.
US savings bonds have one of the lowest investment risks. The US treasury issues the securities to fund the government’s operations. Saving bonds have a fixed rate of interest.