Some people think that money is only good for two things; wasting it, or saving it for a rainy day. But in this article, we will show you a third option: growing the money you already own.
Here’s the thing, just about everyone has some money set aside whether it be for partying, inheritance, a college fund or just plain savings in the bank. The problem is that in today’s economy if you’re not growing your money, you’re losing it. This isn’t some economic philosophy; it’s a mathematical fact. Many banks offer a lower interest rate than the inflation rate is. So, if the interest rate, your bank offers is 1.4℅ and inflation is 1.8℅ you’re not saving money, you’re losing it.
Recently, more and more people realize that their money can generate revenue or, in other words; more money.
So how do you get started?
Instead of ‘wasting’ your money on shopping for items you don’t need, or travelling to destinations you can’t really afford, the following are three proven methods that can help you make more money from what you already have.
1. Invest in real estate
Investing in land or property is considered to be a secure investment. That’s why so many choose this path. That being said, it’s also equally important to be aware of the disadvantages. First, to own an asset as expensive as real estate, you need a lot of start-up capital. Furthermore, in many countries, there are many lobbyists and politicians who work tirelessly to lower real estate prices by manipulating public sentiment. One example is when you hear various politicians promising to burst the real estate bubble in countries like the US and UK where a real estate bubble exists. This type of rhetoric can cause homeowners to wait until they think housing prices will drop dramatically, which usually lower property values as well.
2. Investing in a start-up
There is no doubt that a successful start-up investment trumps any other method of making money. Just being a 1℅ of a shareholder from a major acquisition, or ‘exit’, can set you, your children and grandchildren up for life. But before you let the potential millions blur your vision, consider the following: Approximately 96% of high-tech startups shut down in the first year alone (!). In other words, putting all your eggs in a start-up basket is akin to assuming you will win the lottery. This is precisely why the founders of hi-tech companies turn to outside investors preferring to not risk their equity.
3. Investing in money markets
Every economist or financial advisor will tell you that the wisest investment for your extra money is in the financial markets. The choices are endless, and you can choose between a “high risk” investment that can yield a high return in a short period or a risk averse, solid investment, which can also yield both high and stable returns over the long run.
The bottom line is: Financial markets are your best option to make money from your already existing money, even with a small investment. All that you need to do is to choose the smartest and most promising investment.
So what’s the right way to do it?
The same way you wouldn’t leave your home or your children in the hands of a complete stranger, so too should you not allow an outsider (even if he is an investment consultant or an economist) to manage your money.
Simply put, those same portfolio managers may not necessarily prioritise your portfolio. That’s because they are managing many other portfolios simultaneously and your interests do not always align with theirs. In many instances, they may try to convince you that the monopoly on knowledge of the inner workings of money markets is theirs alone. The truth is quite the contrary. You will soon realise that, but only if you’re prepared to rid yourself of preconceived notions. The first step, however, is to realise that you can do it all by yourself.
Only 3 hours a day can give you $ 3,000 a month
One example is Brett Gronkowski, a 31-year-old, small business owner. He has a convenient store in Leeds. For over one year, he has run his business never knowing if he’ll make ends meet: ”I always dreamed of financial security and breaking free of financial stress. I heard about the money markets several years ago, but my confidence was shot by people telling me that it was a cut-throat industry and how everyone ultimately fails. That’s why I was shocked to find out that those who studied with me reported an average monthly salary of $ 3,000. I haven’t heard of any other job that gives you this type of pay by dedicating just three hours of work a day. If there’s one thing I regret, it’s that I didn’t do this ten years ago.”
Can anyone do it?
“The answer is unequivocal, yes” explains Sam Carriston, a senior economic, financial commentator and Queens College. Professor Carriston explains: “Anyone can learn how to trade responsibly and begin trading in money markets.” The learning curve and the process of building your financial security is an individual decision. It can take anywhere from one, three or even six months. But at the end of the day, all that an independent trader needs are a PC, an Internet connection and a few hours to spare every day.
One major advantage is that you do not need to have an analytical mindset, any business sense, or even high-test scores to become a professional trader. A true trader is one who can see the big picture. A trader knows how and when to profit and when to cut their losses at the right time (or at least minimize them). He needs to maximize profits on the one hand and ‘know when to fold ‘them’ on the other. These are the practical lessons I teach in my course. ”
So if you feel that the time has come to begin managing your money, yourself and let the money you have go to work for you, it’s highly possible that trading in money markets is your best option.
A hands-on education in financial markets can provide you with steady profits, financial security and of a significant status boost in your social life.
Either way, one thing is for sure; your money will be in the hands of the one you trust most-yourself.