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by yowlingcat 1037 days ago
Not sure if this is the answer you want to hear but "easy" and "side money" are diametrically opposed. Before you think about that as an avenue to increase your earnings, try and optimize your current job. A couple questions:

1. Are you doing everything you can to put yourself on an upwards trajectory towards a promotion and/or a raise? You spend most of your waking hours on your current job, and the easiest way to increase your life time earnings is bending the curve here.

2. Have you been interviewing to make sure you're getting fair market value and have? If you are not growing as well as you're capable of in your current role, a new role is a potential option. This introduces risk.

3. Have you taking a knife to your expense list and maxed out 401k and HSA contributions? Every dollar you don't contribute there is one that you're giving away to the government, so make sure you're using all the tools available to optimize.

4. Have you begun to invest in real estate? In the USA, the existence of federally backed homebuyer loans and 1031 swaps is an incredible tool to build wealth, and the leverage from the loan is even partially tax deductible on the interest side. You of course need to be careful here given the choppy state of the macro environment and real estate market so that you don't end up underwater.

5. Are you investing surplus earnings into a safe ETF? Ensuring that your earnings are working for you making passive income from the market is critical for long term earnings.

None of these approaches are quick fixes, but they're all time tested approaches than anyone can use.