C.J. Braden • 2 Minute Read
Tips on How to Invest Your Money
If you want to make the most of your money, then you need to learn how to invest. Investing is by far the best way to maximize your money. It can far exceed inflation and is generally a much wiser idea than relying on a savings account.
Invest money so you can travel more
Even though savings accounts are starting to rise in terms of interest rates, investing can be so much more lucrative. All you need is to be prepared to do a little bit of work. To help you out, below are a few great ways you can invest.
Try investing in real estate for a great return
Real Estate
This is one of the most popular watts to invest in. Anyone, who owns their own home, is, in effect, investing in real estate. A house usually appreciates in profit. So, just buying a house to live in will give you a good return. If you want a greater return, then you can do a lot of work on your house. To increase the value you can invest in extensions, life, and basement conversions, etc.
Invest in a well-organized multipurpose room which can help potential real estate buyers understand how to use a spare room. See our quick video tour of our multipurpose room below or via our YouTube channel @carolynjbraden:
Invest your money in a house
You can also do a lot of DIY work, like painting walls, upgrading features, changing the carpets, etc. However, if you have some spare capital, then buying houses to fix up and sell on or rent out is a very lucrative venture. Sometimes you can pick up some real bargains at Concierge Auctions. Sometimes you can speak to the bank and discover about foreclosures in the area. Whatever your tactic, property is always going to be a great investment. People need a place to live.
Another great real estate investment opportunity to be aware of is a 1031 Exchange. It’s a great way to get a tax-deferred exchange when selling a real estate investment to enable you to defer a capital gains tax.
Try investing money in stock
Stocks and Shares
This is pretty much the quintessential type of investment. It has been made famous by all those wall street movies, and that is because it can make you very wealthy. Basically, when companies float on the stock exchange with x amount of shares, the buyer, when they buy a share, basically owns a piece of the company.
Saving and investing money can be easy
Shareholders have votes; huge shareholders can make a big difference when it comes to the company, which is why a company is always trying to do things for the shareholders. However, if you are interested in the stock exchange and have never traded before, the first thing you need is a share builder account - or the equivalent. You can open these at the bank, there are brokers online, but you need to be careful, as if the broker goes bust you will lose everything.
Invest money by using a bank that pays you to keep money there
A bank is probably a safer bet. You open an account and can start trading from there. Remember that each transaction is usually paid for by a transaction fee. So, limit the number of trades you do, or else you could get burned. When you come to choosing the stocks, consider these things. The companies themselves look at their future and what kind of investment they are.
Invest your money to get great returns
Are they long-term safe or short-term, perhaps riskier with greater potential? You should also look at the dividends. These are payments you receive as part of the profits for owning the shares. Stock can be a very good way of earning money.
Bonds
Investing in bonds can play a huge role in an investment portfolio. They can be less risky than stocks and help you diversify your money investments. Read more about bonds and learn about the three major types of bonds by clicking here.
If you love this article, we know you’ll love this one too: Why Investing In Art Is a Good Idea
C.J. (Carolyn) Braden is a regular contributor and editor for Carolyn’s Blooming Creations. She has been featured in numerous media publications such as InStyle Magazine, on HGTV, on Bustle.com, and more. She is the author of the books Georgia McMasters in Amethyst Lake Cemetery, How To Be Yourself: 3 Ways To Help You Being You, and the illustrator for the children’s book Bridging Connections. She is a former classroom teacher that now dedicates her life to educating others on how to live their most healthy, creative and happy life. Learn more about her visiting our About Us page.
This is a collaborative post and may contain affiliate links. All opinions and ideas expressed in this post, however, are based on my personal point of view.