Earn $100,000 – No Money Required Ways to Save for Your Retirement

Earning money for retirement isn’t easy, as anyone can tell you. According to most economists, if you want to live comfortably through your retirement years, you need to start saving pretty much the moment you leave high school, if not sooner. And you need to save consistently. And if you want to put away more money than a small fraction of your weekly salary, you need to have money to invest – or do you? You can earn $100,000 – no money required – in at least one credit-based passive income opportunity. What do you need to do to qualify for this unique passive income opportunity to earn $100,000? No money required – just great credit. Here’s the requirements to be considered for the opportunity.

Credit History

For starters, you need a solid credit history. That means that your oldest active credit account should be at least 10 years old. More well-aged credit accounts will just make your credit history all the more attractive.

Why? People with longer credit histories get higher credit scores because they have established that they can handle credit responsibly over a long period of time.

Credit Activity

You should have at least three open revolving credit accounts, whether they be home equity loans, credit cards or store credit accounts. Each account should have a credit limit of at least $10,000, and you should have at least 50 percent of the credit capacity remaining on each account.

Why? Again, this is a credit score thing. Credit bureaus assign you a score based on how well you fit a particular profile. People who have the best record of paying their bills on time are those who generally keep about half of their available credit unused.

Credit Worthiness

You’ve probably guessed by now that you need great credit to take advantage of the best opportunities to earn $100,000, no money required. In fact, if you want to be considered for this opportunity, you’ll need a credit score of 750 or better with each of the three major credit bureaus.  In addition, your credit history should show no late payments and no missed payments, no outstanding tax liens against you and no lawsuits. There should be no charged-off accounts, and absolutely no collection activity. In short, you’ll need a squeaky clean credit record and credit history to qualify for this opportunity to earn $100,000, no money required to buy in or ever.

What You Could Do When You Earn $100,000 No Money Required

Admit it. You’ve imagined what you’d do if you won the lottery. We all have. While your chances of being a single winner of a $300 million pot of money are pretty slim, there’s a much better chance that you might earn $100,000 no money required – just a surprise $100,000 dropped into your lap this year. What would you do with it? Would you spend it, invest it, put it into your business? Here are just a few of the choices you’d have if you could earn $100,000 no money required.

Education

Educating yourself – or your children – is an investment in your future, or an indulgence for yourself. $100,000 may not get you a Harvard or Yale degree, but it will certainly pay for a full education at a more affordable school. Go after that master’s degree you always wanted, or do a Julia Child and enroll yourself in culinary school just because it’s what you’ve always wanted.

Real Estate

Depending on where you live or want to buy, if you earn $100,000 – no money required to earn it, remember – you’ll have enough to buy some investment property outright – or you’ll have a sweet down payment on it. The country is still recovering from the recent housing crash, which means you’ll still find some very affordable rental properties on the market – some for well under $100,000, even. If you wipe out any mortgage on a rental condo or a 2- to 3-family home, you can parlay that hundred grand windfall into an ongoing source of income.

Stocks

With the stock market hitting new highs every other day, this probably isn’t the best time to be getting into the market for long-term investment, but there’s more than enough volatility for a day trader to make a tidy fortune. If you do decide to give it a try “playing the market,” be sure that your nerves can stand it. Day trading isn’t a game for the weak – or the uninformed. Learn as much as you can before plunging in, and only do so when you’ve got a firm plan to pull out your earnings on a regular basis.

Startup Business

Have you always dreamed of running your own little coffee shop? Are you looking for a way to turn your hobby into a money-making enterprise? While $100,000 won’t go far in some types of business – forget opening a restaurant for that amount, for example – it’s more than plenty to get your start in many others. An unexpected windfall is a great way to get your start – you’re not risking money you need to live on, so any return on the money is gravy.

So where do you get that $100,000 with no strings attached?? Look for a good credit-based income earning opportunity that promises you can earn $100,000 no money required. If you qualify, you could soon be on your way to a whole new lifestyle.