It takes some investment of time, money, energy, or all three, but then the money just comes in, helping you pay off a student loan, dig out of credit card debt, save for retirement, or advance other personal finance goals.
Alternative assets, or alternative investments, are often headline news. Because traditional investments like stocks and real estate sometimes involve a lot of market volatility, and savings accounts only offer low-interest rates, people are looking for other options.
Dividends are profits paid out to owners of stocks. Some companies pay dividends regularly, which means that dividends can become a dependable source of income if you amass a significant number of shares over time.
Savings accounts are a reliable way to protect money but not increase it. Sadly, brick-and-mortar banks barely pay any money in interest, and institutions like Wells Fargo, Chase, Bank of America, and others pay around 0.08% interest.