Alternative Ways to Invest Your Money | Caravan Sonnet

Alternative Ways to Invest Your Money

January 15, 2020


If you’re looking to make your money work for you, perhaps so you can retire early and travel the world or maybe because you want more security so that you have the freedom to do more of what you want now and in the future, investing is a smart option.

Most people, when they decide to invest, look at stocks and shares as a starting point, but there are lots of things you can invest your money in that do not involve speculating on the market. Here are a few you might want to consider investing in as part of your lifestyle:

Peer-to-Peer Lending

Peer-to-peer lending is not only a good way to grow your pot of money but it can be a good way to give back and help a budding entrepreneur get on their feet. Basically, it involves lending some of your cash to an entrepreneur who needs it to make their business idea a reality, or who wants to make their business stronger. You can invest as little as $25 with companies like Lending Club, so even if you only have a small amount to get started with, it can be a good choice.

Watches

If you’re into fashion, you might want to consider investing in what is arguably the greatest accessory of all time - the watch. There are numerous watches from the ap royal oak offshore to the Rolex Daytona that are highly sought after by many. Watches tend to hold their value well and many of them only appreciate in value as time goes by. The key is to research the market and know which watches are likely to do well. It’s not an exact science, but if you love watches anyway, it’s a good way to combine a passion with a way to invest in your future. Finding the right watches can be a lot of fun too.

Real Estate
Real estate is probably the ultimate investment off the stock market. investing in property is not only a good way to grow your money in the future, but you can rent it out to make a very real income right now. A lot of people who travel have at least one real estate investment that they can rent out for income and it’s a really great way to fund your lifestyle. Buying in up-and-coming neighborhoods is a great way to maximize your gains from real estate investment.

Yourself
Investing in yourself is one of the best things you can ever do, and can quite often be the best way to increase the value of any money you have available to you. For example, if you were to invest your money in going back to school and getting qualifications that enable you to get a higher paying job, that would mean you could make a whole lot more money over your lifetime. It doesn’t have to be school either - you could set up your own business or use the money to set up a new life in a more affordable and enjoyable part of the world, for example. An investment in yourself is never wasted.

How do you invest your money?

*Contributed Post*

Post a Comment