Looking for solutions to secure your future and that of your children, receiving extra income each month could give you a boost.
In this case, it might be worth considering ways to generate more income.
In this article, we offer an overview of what is possible in Switzerland based on your needs.
A Side Job: Is It Really the Right Compromise?
Although it may seem unusual, having a side activity in addition to your main job is very common. And you are not alone in considering this!
According to the Federal Statistical Office, nearly 8% of the country’s workforce hold more than one job (Multiple Employment in Switzerland 2017).
This means that about one in thirteen active workers has more than one employer.
The reasons are likely varied and depend on each individual. Whether for professional or personal projects, future plans, or simply the desire to supplement your capital, having an additional activity can be a solution to consider.
However, keep certain aspects in mind. Beyond the side income activity you want to pursue, be aware of what additional income represents for you.
In summary, this decision deserves careful thought before you embark on a side job. On one hand, it must be financially beneficial by ensuring you a complementary income that is reasonably advantageous considering the time you will spend on it.
Because beyond the financial aspect, you will dedicate a few extra hours per week; time that you will have less to enjoy your well-deserved free time.
Investing to Receive Monthly Rental Income
Another alternative, completely different, is real estate investment.
Here, we are not talking about real estate investment as you usually hear about it—difficult to access and mainly reserved for institutions, professionals, and the wealthiest investors.
In this article, we want to highlight a new type of investment accessible to everyone: real estate crowdfunding.
A new kind of investment that is attracting more and more investors and allows individuals to contribute to investments in real estate properties via online platforms.
This investment will allow you to place yourself at the heart of financing high-value real estate assets. All while guaranteeing you invest a portion of your savings at profitable rates and benefit from net rental income monthly or quarterly (depending on the options) proportional to your investment.
Indeed, one of the advantages of becoming a co-owner is that you reduce rental risk.
A solution that can meet your initial need to provide you with additional income.
What You Should Remember
Whatever your personal or professional life project, or even your savings goal, generating additional income is not always simple and sometimes requires expertise, additional skills, a network, etc. Don’t hesitate to surround yourself with experts in this field.
The advice we want to give you today is to choose an alternative that allows you to invest your savings in a solution that generates returns so you can benefit from a yield, with low risk, all in a simple and hassle-free way.
