If you have been thinking of what are the best investments right now. and that you’ve saved enough to make one. or you think that time is gold. You really need to make it a point in your life that you have to make a very smart investment ASAP.
But how in the world are you going to make up your mind when there’s so much to choose from. How are you going to know which one will work?
Spending money or making investments may be so easy for those who have the means and nothing to lose. But what about those who are just trying to make ends meet and saving while we can.
I scour the internet to help you choose which one that suits you the best. These are all good for making investments that made a lot of money legitimately. very realistic and doable.
No need for any degree and experience. You just need to open your mind and your heart and choose wisely. Or if you have all the means necessary then why not invest more.
Brief Summary
The best investments right now that can turn your life around in the near future.
1. Real Estate
This is one of the best investments you can make and you don’t need a specific degree just to get this right but there are factors that you have to consider to make things right and turn this into sure-fire real money.
1. The right location.
2. The target market
3. Bought it at a low cost. Because in time the price will sure to increase.
How to make real estate make money for you?
a. Rental – This can sure to give you a monthly lease income.
b. Buy and Sell – You can buy a house and resell it at a higher price.
But one of the best ways, if you have more real estate investments, is to hold it for 10 years above. The price will sure to appreciate.
2. Skills
Nowadays the more you know the better, BUT! that knowledge should be the right knowledge. Learn a new skill and apply it to make money. This applies to everyone.
If you think you love drawing or making art then why don’t you invest and take a course and learn something like Graphic designing and you can start a new career and maybe have the opportunity to start a passive income.
I found a lot of short and easy courses from Udemy, You can find almost everything under the sun. Another reason why investing in enhancing your skills and talents are worth it. Is the fact that you like this skill.
There’s a big chance that you want to learn more about what you think you’ll be good at or already good at. And when you are passionate about it. It
3. Paper Assets
Paper assets are those types of investments that are representations of mutual funds, Insurance planes, stocks. etc. They are also known as the simple and easy way to invest. And to get the best But again, You have to consider things before doing so,
Things to consider when investing based on Medium.com
- Your Plan
- Available Funds/Payment plans
- Fees
- Time Frame
- Company
Now since these types of investments can be somewhat overwhelming. The best thing to do is to get Fund Managers and let them do the right investments for you. I think most of us have heard of bonds, stocks, etc and learning this would be a plus for you, But who has all the time? So to avoid the hassle and give you more peace of mind. hire a Fund Manager. Make the best of paper assets by holding these funds for at least 5 years or more.
4. Business
Of course at this point in time where many businesses seem to be going bankrupt. A lot of people have also made a smart move these days and invest their money into a business. And a lot of those people were used to be working from companies and have been laid off or just lost their jobs.
I admire these people as some of them are my friends. Who found a way turn things around. And did not just stop and whine. Do you like to bake cookies? why not sell them and start a cookie business. All it takes are good yummy cookies, good pictures, and a social media account. There are literally hundreds of businesses you can choose from.
Advantages of online business
Free time for your family- With the right time management, you can start and pause anytime you want. You no longer have to go to work and sit down 9 to 5. Or stand 9 to 5.
You are the boss – All the thinking and decision are yours. Your own brand and more.
Cost savings – This will enable you to save a lot of money from office rentals and such.
Can be a worldwide market- And because you are working online you can either focus on a target location or offer the business worldwide.
Since I’ve been working from home for almost 15 years now. I found something that almost anyone can do as long as they have a passion for something. This is very realistic and doable. It’s Blogging. Do you like to bake? Cook? Do you like to style and have a good sense of fashion? This is something you may want to try.
An advantage of blogging is if you love writing this is one of the best ways to express yourself and at the same time making decent money. So one of the best investments right now is starting a timely business that you like or have a good knowledge of.
5. Stock Market
This is an extremely good way to make money. But heads up, This can make you tons of money but can also make you lose a lot of money. That’s why this is not advisable to those people who are what we called emotional investors.
But why is it on the list? Simple. If you have the right knowledge with it then without a doubt go for it. It’s an excellent investment. And the best holding period would be 5 years and above.
Final thoughts:
These are just 5 of the best investments right now. But these 5 are worth your time and money. You just need to make an extra effort to learn a bit more about it. Especially the one you think maybe your cup of tea.
I honestly believe that successful people are risk-takers. Some come with luck, but many come with the right knowledge and information. Whatever you do always make decisions backed up not only with knowledge and skills but with prayers. I don’t know about others but for me, it worked.
