Need More Money? Here Are 3 Legit Ways to Earn Extra Income
It is always a good financial practice to have a second source of income. Additionally, it allows you to explore potential business ideas with little upfront expenses or big commitments. Whether you are considering remote or in-person means to generate extra income, there are quite a few ways to go about it.
Side hustles are one of the best ways to increase your income. And it’s never too late to start. Let us take a look at the 3 most legit ways you can earn extra income.
- Making Financial Investments
Financial investments are one of the greatest answers to how to earn extra income. It concerns a range of options such as making an investment in the stock markets, mutual funds, REITs, SGBs, and many others. The best thing about financial investment is that you require close to no follow-up work once you have invested while the interest is accumulating.
Nowadays, your investing journey can start in an instant. All you need is a Demat and a trading account to kickstart your journey to a secure future. IDFC FIRST Bank has made it even easier for you with their 3-in-1 account.
The only pre-requisite is that an individual who is trying to open an account needs to have an existing IDFC FIRST Bank Savings or Salary account. If that’s sorted, here’s how you can apply for the 3-in-1 account for your investment journey:
- Keep the Aadhaar card that is linked with your mobile number by your side.
- Make sure there is a signature of yours on plain white paper.
- Click here to start with the application procedure for your 3-in-1 account.
From no AMC for the first year to prime brokerage plans, investing is made easy with the 3-in-1 account from IDFC FIRST Bank.
- Dividend Funds
It is more of a follow-up to our previous point, but you can also generate a second source of income with dividend funds. The only catch here is you would need to do good research. After researching about the organizations that can grant you dividends, you can build a strong and diversified portfolio.
Ideally, the assortment of the stock holdings will start creating passive income as soon as you buy and start holding the asset for a while.
- MyFIRST Partner by IDFC FIRST Bank
One of the common concerns in the world nowadays is ‘how to earn extra money.’ If you too have the same question in mind, the MyFIRST Partner by IDFC FIRST Bank is perfect for you. It is basically earning an extra income through a referral program. Here are some of the benefits of it:
- Zero investment is needed from your side.
- The weekly commission will be paid directly to your bank account.
- Quick disbursement and no need for any physical documentation.
- You will also get dedicated support through the relationship manager & central helpline.
Wrapping Up
Side hustles are always a great way to generate extra income. The three ways we mentioned above will not need a lot of time and effort from you to begin a 2nd source of revenue generation.
