Trump weighs $5k for “baby bonus” – but, no matter how many kids you have, here are three ways to increase your income
Trump weighs $5k for “baby bonus” – but, no matter how many kids you have, here are three ways to increase your income
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To combat the decline in birth rates in the United States, the Trump administration is reportedly considering offering a $5,000 “baby bonus” to new moms.
According to the New York Times, a choir surfaced at the White House to encourage Americans to get married and have more children. One idea caught the eye: Each new mother’s cash bonus after childbirth is $5,000.
When asked at the White House Tuesday whether his administration was considering such a bonus, Trump did not hesitate. “It sounds like a good idea to me.”
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The U.S. total fertility rate (TFR) has been declining for decades. In 1960, each woman was born at 3.65. By 1990, it had dropped to about 2.1, which is about the level of replacement required for the population to be replaced from one generation to another.
But despite the $5,000 not sneezing, some experts and parents say it's unlikely to move the needle — especially given the high cost of raising a child in the United States today.
According to SmartAsset, the median annual cost of raising a child for two working parents is $22,850 in the United States.
While Trump seems to like the idea of a $5,000 baby bonus, there is no guarantee it will move forward. A White House official told CBS MoneyWatch that no final decision has been made.
Meanwhile, the cost of living from housing to groceries to health care is high, and there are pressure on Americans whether they have children or not. In an environment where every dollar is calculated, finding ways to build additional revenue streams can make a real difference.
Here are three simple ways to start earning passive income – sources of money, with very few sources of money working hard every day.
Real estate is a popular way to generate regular income. When you own a rental property and pay your rent, you will get a steady monthly cash flow.
As property values and rental income tend to increase with the cost of living, this is also a hedge against time tests of inflation.
Of course, buying a property requires a lot of capital – finding the right tenant takes time and effort. However, thanks to new investment platforms such as arrival, you don’t need to own the property directly to get the risk of real estate.
As you arrive, you can invest in $100 in rental home stock without the hassle of mowing, fixing leaky faucets or handling difficult tenants.
The process is simple: browse selected home choices that are under scrutiny for their appreciation and income potential. Once you find the property you like, select the number of shares you want to buy and start generating potential regular income – both can handle the responsibility for property management when you arrive.
Another option is the First Country Real Estate Partner (FNRP), which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on landlord responsibilities.
Investors have a minimum investment of $50,000 and can own real estate leased by national brands such as Kroger and Walmart, which provide essential merchandise for their communities. Thanks to triple net (NNN) leases, approved investors are able to invest in these properties without worrying about the cost of tenants to reduce their potential benefits.
Just answer a few questions, including how much you want to invest – start browsing the full list of its available properties.
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Investing in dividend stocks (stocks of companies that regularly distribute part of their profits to shareholders) is another tried-and-tested way to generate passive income.
Dividends are payments paid to investors, usually paid quarterly, providing a stable source of income without selling stocks. Despite the volatility of the stock price, companies with a good dividend track record allow investors to earn consistent spending, and some even increase dividends over time, thereby further improving returns.
Of course, not all dividend stocks are equal. For those looking to diversify easily, dividend-focused exchange funds (ETFs) offer an attractive option. These funds bring together dozens or even hundreds of dividend companies, reducing the risks associated with any single person. Dividend ETFs can provide a wide range of exposures across industries and often focus on companies with a huge history of payments and growth dividends.
The advantage of ETF investment is its accessibility – anyone, regardless of wealth, can take advantage of it.
High-yield savings accounts provide a low-risk way to generate passive income while making your funds accessible. These accounts usually offer higher interest rates than traditional savings accounts, allowing your funds to grow without locking them into long-term investments. This option is ideal for those who want to have the least effort or passive income source with minimal risk.
Today, some banks and financial institutions offer high-yield savings accounts that can pay up to 4.5%.
In the United States, most savings accounts are insured by the Federal Deposit Insurance Company (FDIC) of the insured bank, up to $250,000. If the bank fails, the insurance provides protection to the depositor and ensures that its funds are safe and easy to use.
If you are not sure which avenue to take in today’s market uncertainty, this may be a good time to connect with a financial advisor via Advisor.com.
This online platform connects you with a review financial advisor best suited to help you develop your new wealth plan.
Just answer some quick questions about you and your financial situation and the platform will match experienced finance professionals. You can view their profile, read past customer reviews, and schedule initial consultations for free without hiring obligations.
You can view consultant profiles, read past customer reviews, and arrange for free no-obligation preliminary consultations.
This article provides information only and should not be construed as advice. It is without any warranty of any kind.
