5 WAYS TO MAKE PASSIVE INCOME IN THE MILITARY

Being in the military is hard. Waking up at 0500 for a job you may or may not like to do is not very appealing. You signed a contract and an obligation has to be done. Don't let the minimum wage and 24 hour guard shifts get you down. Unfortunately the time and effort you put in to your job, doesn't equal the pay. Every service member knows that. That's why it is up to YOU to make extra Cashflow. There are ways to make more money than your fellow military buddies!

1. CUT YOUR EXPENSES AND BUDGETING

I can not preach this enough. You will not have money if you do not save it. We all know that E-1 with a brand new dodge charger. DO NOT be that guy. He/she will be paying that off for years. By simply making the decision to not buy that brand new car can save you alot of money over time. Making educated decisions with what you buy will give you the funds for investing purposes.

2. STOCKS. STOCKS. STOCKS.

Stocks are an easy way to make some passive income. Just look at Warren Buffet. One of the richest men on earth from stocks. He didn't start with alot of money either.

Investing in the stock market has never been easier.

sites like:
TDameritrade https://www.tdameritrade.com/home.page
ETrade https://us.etrade.com/home
exc.

There's even one out for smartphones called Robinhood. So not being around a computer is no longer an excuse.

3. REAL ESTATE

Bear with me on this one. It can be done.

The king of cashflow- real estate. Yeah thats right. It turns very poor people into millionaires very quickly if you know what you're doing. I recommend the book Rich Dad Poor Dad by Robert Kyosaki. He goes in depth of why real estate is the king of all investments. He's also a Marine Veteran.
For you married military folks; here's a tip. Instead of renting a house with your Basic allowance for housing, Buy it. Use the funds to pay your mortgage and when you move rent it out for income for life or sell it for some monetary gains. Real estate generally appreciates in value over time.

4. HIGH-INTEREST SAVINGS ACCOUNT

yes you can make money this way too.

Simply setting aside money every month into a savings account can go along way with compound interest.
For those of you with USAA I recommend opening a new savings account with Ally Bank with an APY of 1.35%
Whereas USAA only has a 0.54% APY. There are others but this is just an example.

5. CRYPTOCURRENCY

Bitcoin. "The money people buy drugs and illegal stuff with online." This is not longer the case. Bitcoin and other cryptocurrencies are becoming widely accepted as a safe means of investment. It's the wave of the future. Just look at this site. Steemit. Powered by the growing market of cryptocurrencies and blockchain technology. There are sites like Binance and Bittrex in which you can start buying and selling to make extra money today.

TRAIN LIKE YOU FIGHT

These ideas and investment options may or may not get you rich. They have gotten alot of people rich and alot of people broke. Do your homework before investing in any of these. It is up to you as a highly-trained and disciplined military member to make educated investment decisions and take control of your financial future.

Stay Vigilant