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.
High yield savings accounts are great if you’re saving up for something big or if you’re temporarily storing the cash you earned with your high-income skills.
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.
Certificates Of Deposits
US Savings Bonds
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.