The answer to that is yes it is possible, yet the efficiency of such a venture take a huge amount of both time and effort in order to generate small sources of income that you can then start investing with and build a passive income out of compounding.
Doing so. of course. is for those that want to use their free time to do something constructive for the future of their financial wealth while in the long run, have enough assets that they can live out of their interest and never have to work again. That said, we all know that to achieve such a prowess, one must start soon in his life and always keep building his investments and of course, diversifying them. It's always wise to never put all your eggs in the same basket.
With today's crypto-currency like Bitcoin, you can diversify even more and make sure you keep your money growing. You can generate money weekly to do various task online or for Bitcoins, gathering them from free faucets. All these small income look very small but since they are free and cost you only some time daily, you can help up making an easy 5-25$ extra per weeks. Such amount look like nothing when it's time to pay the bills but if you spend just a couple hours doing these task every day and that you put that extra money into a regular bank account with only 1% interest per year, you can end up with a good first cash down for future bigger investments. That's still 250$-1300$ extra cash per year. Where to invest your first 250$-1300$ is all up to you as long as you diversify your investments and that you make sure that they give you at least 6-10% per year once invested and that you keep generating that extra 250-1300$ every year on top of that so that you can compound and maximize your investments.
Another factor to consider when investing is to make sure you are absolutely debt free or that your investments generate more than the interest you have to pay yearly. Making 1-6% when you pay 19.99-30% on your credit card is definitely not an option when investing. Pay all your debts first then you can consider going back to investing.
Now that we've talked about the compounding and investing, let's talk about how to generate this extra income every week.
I've put together a website of all the best place to make quick extra PayPal money, free Bitcoins from both websites or using App on your mobile device. My goal is to help people to learn how to create their own daily routine of extra earning while keeping track of all the best ways to generate money online. I'm also working to add real work online jobs working from home for those that would like to push further their online earning ventures. All the offers and sites are tested by myself and posted on my website only if they have been officially paying so I make sure they are not scams before adding them there. Make sure to have a look if you want to know more as I try to keep this site updated on a weekly basis adding new working sites as I test them.
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Remember that you can use that extra money however you want but the best way to succeed in the long run is by simply putting this extra money aside in a saving account until you inform yourself about all the possibilities of investments out there. Also, Remember to always diversify your investments to have various levels of risk from safe to risky depending on your short and long terms goals. Never put everything in 100% risky or 100% safe as either you'll make no substential profit or you might end up losing everything you've worked so hard for.
Good Luck!
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