The top three easy ideas to make money at home are not necessarily easy to pull off.
Top 3 Easy Ideas to Make Money From Home
That said, the ideas are simple, and there are plenty of online sources where you can easily become an expert in any of the following three fields:
- Sports investing
- Crypto trading
- Day trading
Sports investing, otherwise known as sports betting to the average Joe, is actually a profitable venture if you are data-driven, disciplined, and precise.
I myself turned a 700% ROI with sports betting over the 2020-2021 NFL and MLB season, with a bit of NBA thrown in for good measure. That said, almost all of my profits came from the NFL and MLB.
Here’s how I did it.
The number one thing you need to be if you want to make money betting on sports other than learning how to bet on sports is to stay disciplined.
This means managing your bankroll and creating parameters that you stick to NO MATTER WHAT.
The first thing to know about managing your bankroll is how much you should bet. Keep in mind; sports betting is not a get-rich-quick scheme; it’s a slow-burn and war of attrition against the sportsbooks.
You often see online advertisements or television ‘betting gurus’ telling people to bet 100 dollars or 1000 dollars or 10,000 dollars on a game. Well, that’s 100% BS! Your betting unit size should be a minimum of 1% of your total bankroll and a maximum of 3%.
This means if you have 3000 dollars to invest for your bankroll, your bets should be between 30 and 90 dollars per play. The reason for this is because it’s a war of attrition, and you WILL go on a losing streak.
If you are overbetting with regards to your bankroll’s capability to sustain multiple losses, you will go out of business.
I’m not a rich guy, so my betting unit started at 20 dollars per play. Then I built it up from there. When you go on a winning streak, don’t start placing more and more bets, and don’t up your bet amounts.
In other words, don’t get cocky. Just stick to the plan and keep nickel and diming those sportsbooks.
Secondly—or maybe I should have made this No. 1—never bet against a line where you don’t see a clear and definitive advantage.
Many who were doubters and naysayers of Bitcoin and altcoins are now wishing they had got in while the getting was good. At the time of writing, BTC is now at 57,000.00 dollars per coin.
The good news is, it’s still in the middle of a big bull run and is likely to go up more. But what if you can’t afford a bitcoin?
Well… one second … let me open up my crypto portfolio and check some of the altcoins and tier prices:
- XRP | Ripple.56$
- XLM | Stellar Lumens 0.40$
- TRX | Tron 0.0645$
- OXT | Orchid 0.72$
- HOT | Holo 0.0127
- ADA | Cardano 1.21$
- VET | VeChain 0.091$
These are all hot altcoins that are around 1 dollar or well under per unit. So the potential is still huge.
Imagine if VeChain just hits 1.00$, and you have 500 bucks into it. Or Holo hits 50 cents a pop, and you bought in at a penny and have 20 thousand of them.
Much like cryptos, day trading stocks can be risky. For both, I recommend that you dive in headfirst to books on trading strategy and best practices, watch countless youtube videos, and subscribe to market-watch-type forums and groups on social media.
The cool thing about day trading is you can get started at trusted sites like TD Ameritrade and E-Trade for as little as $500.00.
I myself am not into the stock game, so I can’t give you much advice beyond doing your homework, and that cryptos follow similar patterns and have similar strategies, primarily based on stock trading.
So, there you have it, three easy ideas to make money at home. Now, you just have to buckle down and learn a new trade … no pun intended.