I have $20,000 to spend, I dont think there is a way for me to make $50 passive income per day from it

Or to double it safely in a year. I am pretty realistic.

Invest in stonks. And HDODL.

Buy Amazon LEAPS expiring 24 months from now - their stonk will go up due to stock split.

Earning 50$/day from 20k would be a high-risk investment.

I would probably go with the safer route - investing in the first rental property.

20K and want to make $50 per day? Easy. Youtube + CPA with OGAds

Just don't lose money. Invest wisely. Losing money is a bad feeling and it will make you to "get the money back" and you will end up investing in even more risky businesses.

Take baby steps and think deeply if something has potential or not.

With the right strategy in design and marketing promotions, You don't need that much to earn $50 a day in passive income with amazon kindle.

Do JV with me.

Shinobii said:

Could you please elaborate more?

Click to expand...

Get some good book designs, I recommend the low content/ no content/ activity books niche, e.g of these are notebooks, journals, diaries, puzzle books, etc.

Do keyword research to help you rank them on amazon marketplace.

If you have a good budget , spend on amazon ads and also target marketing on Instagram audience.

quicksilver1121 said:

Or to double it safely in a year. I am pretty realistic.

Click to expand...

There are 3 way to consider

1. Buy an asset and get interest or reward. It can be high risk crypto related, or low risk like buy a car, rend a driver and join Uber.

2. Invest in a business. The forum is full with opportunities. I personally build apps and get passive income. No, I am not a developer. I research the market, find an opportunity, buy app and reskin or hire someone to code it and when ranked in the top it barely needs any attention.

3. Join a profit share. Look for start up who need capital to scale.

you cannot make some decent money from binance staking ? But there is always risk!

Definitely some great things to consider listed above by other members! Firstly, could the $20k be invested back into how you made it to generate more profit?

There is alot of options, you have stocks, crypto, or even some one mentioned above about lending a car out with a third party platform. I really like the rent a car idea, really would depend on where you live!

Going to take a different approach & maybe recommend real estate. Of course that would not generate "$50 a day" per say, however it could be used as a down payment on a property if you find a suitable deal that could cash flow for you on a monthly basis.

Wishing you the best on your endeavors

buy bitcoin when it hits support at 40K or 38Kish

Troll post.

IamNRE said:

Invest in stonks. And HDODL.

Buy Amazon LEAPS expiring 24 months from now - their stonk will go up due to stock split.

Click to expand...

Hm, I didn't understand a word but I my gunt feeling this is going to be a good investment. Can you please tell me more?

Doubling in a year is going to be hard. If you start with 20k and double it every year for 10 years, you'll have 20 million. Gotta find those investment opportunities that are safe and HYIP anyone knowing them won't give them away for free

You could invest in cryptos with strong fundamentals and wait for BTC to hit new ATH

Buy some graphic cards for mining. $20k could earn you $50/per day passive income.

invest in MSCI World ETF and wait 30 years
https://www.justetf.com/en/how-to/msci-world-etfs.html

Source: https://en.wikipedia.org/wiki/MSCI_World

With r/WallStreetBets your average daily earnings can be $1000+ easily

or you can be broke in a couple of days

quicksilver1121 said:

Or to double it safely in a year. I am pretty realistic.

Click to expand...

Why don't you start residential Proxy business. It has a lot of potential. Many digital marketers need them. Social Media Managers etc. It's a kind of B2B model. All you need is a website, some 200+ Android Phones and a few freelancers and a manager. I've been thinking about starting my own Proxy Website. I wish I had $20,000
Alternatively, you can also buy property and rent it out. As they say, "The best investment on earth is EARTH."