When you invest money into a diverse portfolio of things, you’re really investing in your future. Money that you save is always going to devalue, even if you take into account the little interest that may be put on top of it. Choosing the best bank account with the highest interest rate can be a good idea, but it isn’t exactly a brilliant way to invest your money. You get the best returns on your money when you’re willing to take at least a little risk.
By ensuring you invest in a number of different things, you can ensure that later on in life, you’re making more money than ever before. It can take time and practice to get used to this, so you need to be prepared to start small and stay in it for the long haul. Read on if you want to give your future the investment it deserves:
Invest In Your Skills
You don’t necessarily need to invest in stocks and shares to invest in your future. Do you have a skill you’d like to build upon, or learn from scratch? Sometimes, a couple of hundred dollars is all it takes to do a new course, build a new skill, and start making more money almost right away.
Using The Acorns App
The Acorns App is an app developed by PayPal. This app rounds up your purchases (you can control how much they are rounded up) and the money is then invested into a wide range of stocks, shares, and other things. This is a great way to get into investing if you’re totally new and don’t want to use too much money. You will have a diverse portfolio and could make reasonable amounts of money in a few months.
This is an online peer to peer lending platform. It works like this: borrowers go to get a loan, while lenders give them the money. Pretty simple. Investors are rewarded for their investment, usually double digits! If you have assets already, this could be a good way to continue building on your investment portfolio.
This is basically a transaction between a sponsor and a group of investors. Syndication works much like two people opening up a bar together. The Sponsor is usually responsible for investing anywhere from 5-20% of the total required equity capital, while investors put in between 80-95%. Rental income and property appreciation are both taken into account before the sponsor and the investor are paid. They are paid in correlation to their investments in the beginning. Syndication Attorneys can help transactions like this to go smoothly in real estate.
Syndicate funding can also be used in the form of investing in startups, where professional business angels and crowd investors to participate on the same deals.
Bear in mind that you shouldn’t start investing money if you have debts to pay off. Your first concern should be paying off your debt as quickly as possible. If you have paid off any debts and you also have money to put away for emergencies with money left over, feel free to start investing in your future!