Extra: 4 Websites to Invest and Make Money Online in 2024

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If you are serious about making money online this year, then bookmark this website, as I will be sharing my tips here weekly on ways and places to invest and make money online in 2024.

In a virtual meeting recently, a lady asked me a simple but complex question, she said “Geoff, can you share where to invest and make money online in 2024”. As simple as it may sound, it is a very complex question; because investing to her can be:

  • where she can invest her skills to make money
  • or where she can invest her money to make passive income

In trying to answer the question “where to invest and make money online in 2024?” I needed to ask her some follow-up questions, so that I can provide her with the accurate and complete information that will help her achieve her dreams.

As it is common with some virtual meetings, there is always so many questions at the end, but little time for the speaker to really provide the needed information that can truly answer all the questions. In my case, the host gave me just 5 minutes to answer 10 questions ranging from skills, investment to where to invest and make money online. At the end I was not able to answer her question, that is while I have decided to provide this short guide, with the hope that it will be useful to so many people online.

5 Websites to Invest and Make Money Online in 2024

First thing first, you don’t need to spend money to make money online, but if you want to generate a sustainable source of income online, you need to explore both free and paid resources online.  In this article, we are going to look at 5 platforms that can help you make sustainable income online.

1: Cryptocurrency Staking, Mining, Saving, etc.,

Platform: Binance, Bybit, etc.,

The cryptocurrency bull run is currently ongoing, so it is very easy to take advantage of it by buying and staking some valuable coins. A platform like coinmarketcap can provide some insight on some trending coins with good potential, but before buying any coin on Binance, Bybit, or another exchange site, do your own research. Your research can start from reading the project white paper and looking at what some crypto influencers are saying.

What I personally recommend is investing in liquid mining on Bybit, Binance, or any other trusted exchange platform. There are some liquid mining with a good APR that can earn you a good passive income depending on the liquidity that you provide to the pool. Bybit provides dual asset savings, which can also earn you some good passive income. You need to explore all the saving options and choose the one that is suitable for you.

2. Stock Market Investing

Platform: Bamboo, Fidelity

Warren Buffet made most of his fortune from the stock market, and the stock market is still producing many millionaires every day. To start, you need to start by getting an app like Bamboo, Fidelity, or any app that allows you to buy stock online, open an account, do your KYC, and explore some portfolios on the app.

If you are going to do stock investing, it is important that you have a 5- to 10-year plan. Start small and spread your investment between penny stocks and dividends. From my experience, a valuable penny stock can increase by over 50%  within a few months based on a certain product breakthrough. So choose penny stocks that have good financials and a track record.

There is a story of a young woman who bought a penny stock worth $400 at $0.70 per share ( then the stock grew to $5.76 per share in under 2 months, because of some research breakthrough that the company recorded. So it is important to look at the financials of any brand of your interest before you buy their stock

3. Real Estate Crowdfunding

Platform: Fundrise, Equity Multiple

Real estate crowdfunding provides an opportunity for many investors to contribute money to a pool of funds for real estate acquisitions. It is similar to equity investing, since the investor buys into a property and becomes a shareholder. In real estate crowdfunding, you don’t need to purchase the whole property; you just have to invest some funds and get a share of the profit based on the terms of the real estate crowdfunding firm.

To start with real estate crowdfunding, you can explore platforms like Fundrise, Equity Multiple, etc.; just look at their investment plans and profit-sharing options and make your decision.

4. Peer-to-Peer Lending

Platform: Kiva, and Prosper

Peer-to-Peer lending platforms is a multibillion-dollar industry with many investors making good return on investment. Apart from the earning you will get, your funds will also help create opportunities for those looking for funding to have access to funding. There are many Peer-to-peer platform to choose from, you can start with the two we mentioned above, make sure you do more research on them before making your investment decision.

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