To make the average American $100 a day online, your goal would be to find high interest savings accounts, or high interest savings accounts in general, such as checking banks, savings accounts, IRA, etc. And, then your goal would be to create a list of 10,000–100,000 of these low cost savings accounts to get $10,000–$20,000 per month.
Here are some strategies and ideas for you to get there.
Start with small savings accounts
Create a list of 10,000–100,000 of such low cost savings accounts to get $10,000–$20,000 per month.
This method should get you started — with your $50 goal in the back of your mind. This may seem like another easy way to get $10,000–$20,000 per month. But it shouldn’t be. It’s not.
One thing to keep in mind is that you’re working for free. To the extent that you’re working for free, you’re making a difference.
Achieving that goal is going to cost you time and money. On the other hand, your time is not valuable; you’re giving up your time to make a difference. And you’re still going to make $100 a day if you make a good chunk of it in other ways.
For example, there are a couple of ways this $10,000–$20,000 a month can be spent, like:
Saving and paying bills online: This is very easy because your money is available electronically.
Maintaining your money at home: You’re creating a “home office” to save on your expenses, and not just take out your checkbook for your mortgage or grocery bill.
Trying to save money by trying to get into a lot of big, risky investments: This is possible for you because you’re taking away the risk from your 401(k) or the Roth IRA.
You’re already in the market
If you’ve been saving, you might be in the market (or already are!). It’s a big difference, but it’s worth it. Don’t take another job. If you need help, you can find it in the community of those in the stock market.
If you’ve done all the above, here are the 10 steps I take, one per page;
Buy an investment product to save your money from the stock
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