5 Best Ways To Earn Money in a Trump Economy, According to Experts
Written by
Lydia Kibet
Edited by
Amen Oyiboke
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Every presidency brings change. And President Donald Trump’s return to the White House could mean more money in the pockets of some people. With potential tax cuts, deregulation, and a renewed focus on local manufacturing, certain industries are primed for explosive growth.
Here are the best ways to make money in a Trump economy.
Start a Business
If you’ve been thinking of starting a business, now may be the time to act. “Trump is imposing tariffs on many different types of goods from around the world. Those tariffs are likely to lead to major price increases. Products produced in the United States may end up being much more affordable for consumers in the end,” said Erika Kullberg, attorney and founder of Plug and Law.
“If you can start a local business, you may be able to provide goods at reasonable prices to your community while also boosting your income,” she said. Whether it’s in manufacturing or raw material processing, the market is ripe for local entrepreneurs.
Invest in Crypto
Trump pledged to make America the crypto capital of the planet and establish a strategic bitcoin reserve, which could send digital currencies to all-time highs if he delivers on his promises. Plus, him mentioning to include coins like ethereum, XRP, solana, and cardano in the crypto reserve apart from bitcoin, so investors should keep a close eye on the market movements of these digital assets.
“Cryptocurrency has been a major buzz already of the current administration. We’re likely to see some massive changes in the next few years in regards to the mentioned coins by Trump himself, such as bitcoin and XRP,” said Lucas Barcelo, founder of Thrivin Life. “I’d even imagine his own Trump meme coin will likely swing enough to turn a profit. All of this, of course, is assuming the Trump administration can pull off and execute on the promises they deliver.”
Real Estate Investing
Investing in real estate could be one of the smartest financial moves in a Trump economy.
“Remarkable pro-business policies, tax advantages, and business incentives create compelling neighborhood conditions for property appreciation, especially in high-demand areas. Whether it’s renting out properties for steady income or flipping homes for quick returns, savvy investors who track market trends and take advantage of tax breaks can turn real estate into a wealth-building machine,” said Tim Stassi, founder of Dwell One Realty.
Invest in the Stock Market
Some sectors in the stock market, like tech, energy, real estate, and defense, will thrive during the Trump administration. Investors should watch stocks and exchange-traded funds in these sectors.
“The future cannot be foretold precisely, but some sectors seem to prosper time after time from policies that spur corporate growth, including energy, defense, and technology. Investing in businesses poised for growth can produce returns over the long term. The key is research and patience. Chasing hype without a sound plan is a speedy route to regret,” added Stassi.
Lean Into Your Skillset
Sometimes, the best way to make more money isn’t through investing or starting a new business. It’s by leveraging skills you already have.
“Often in life, we focus on improving skills we lack. But when it comes to your career, I’m a fan of leaning into the work that you already excel at. Of course, you always need to learn and grow, but don’t neglect your most valuable skillset. Lean into your career instead of out,” said Kullberg.
“That’s not popular advice these days, and leaning in doesn’t equal blind allegiance to an employer. But even if you don’t plan to stay at a company forever, use your time there to build your portfolio and your professional network.”
More From GOBankingRates
