These days, one of the best ways of making extra money is by making an investment in something for a profitable return. As the year draws to a close, you may be contemplating making investments in the new year so that you can earn more from there on out. The problem you might be facing is what to invest your money in, so we’ve come up with some smart investments that you should consider making in 2019 – check it out.
Peer to peer lending
A great way of putting your hard earned cash to good use is by lending it out. This might sound a little back handed, but P2P lending platforms such as lending club allow you to safely lend your money out to people in small amounts. This works well for you because of the repayment interest that’s added onto it, so you’ll be getting more money back than you actually gave out in the first place. Of course, the platform you use will take a cut, but you’ll still be earning money by doing practically nothing.
Investing your money into property will always be a good investment. This is because no matter what, people will always need somewhere to live, and with the ever growing population, you’re bound to make a significant amount of money from investing in property. To really earn the big bucks, it might be worth spending a little more on a place such as Ocean by Meriton so that you’re able to rent it out for more money than you would say, buying a property in a small neighbourhood. Basically, spending more = earning more in the property world.
Perhaps you’ve had a business idea tucked under your belt for a little while but never acted on it? Now is a better time than ever to launch your business, especially if you’re able to invest money into it to give it the best start possible.
Alternatively, maybe you know of a business that you truly believe in, but that needs a little helping hand? Investing your money into helping a business grow will certainly help bring in the cash rewards when that business kicks off.
Finally, one of the most popular things to invest in right now is cryptocurrency, and that’s because it’s one of the easiest forms of currency to use in this day and age. Keeping an eye on exchange rates is fairly easy, and you’ll soon pick up a knack for it. If you want to know more about it, check out this comprehensive guide on how to invest in cryptocurrency to make sure that you’ve got all of the information you need.
What will you invest your money into this year?