There are a lot of reasons to avoid the stock market, but that doesn’t mean you should avoid investing altogether. Perhaps your confidence has been shaken by the crazy fluctuations or maybe you’re not interested in the long-term vision the stock market can require. No matter your reason, there are plenty of investment opportunities still available.
Real estate is Jason Hartman’s favorite investment option for generating cash flow, leveraging borrowed money, and taking advantage of tax write offs. While you’re going to experience a learning curve, often be challenged, and initially spend some money, real estate is a great (and relatively safe) investment.
If you’re smart, you’ll do your research ahead of time and be building wealth before you know it!
Another investment you might consider making is peer to peer investing. This alternative investment is great for consumers because consumer one gets a loan from consumer two (or a larger group). Consumer one then pays off high interest debts with his or her personal loan—which undoubtedly has better terms. Consumer two enjoys a higher rate of return than if the money sits idle in the bank.
Peer lending can be a little risky because it relies on strangers, but it can be a fun way to make extra money. Plus, there are safeguards in place to protect peer to peer lenders should consumer one fail to pay their debt.
If you want to invest in something, why not invest in the business you’ve always dreamed of? While many small businesses aren’t successful, it might be worth a shot. If you’ve got a good idea and a little bit of cash flow, consider business ownership.
You’ll get the opportunity to be your own boss, work your own hours, and develop your dream. You may even consider business ownership (depending on the business) as side income, which is less risky.
Invest in You
The form this investment takes can vary—perhaps you’re interested in college or other certifications. Maybe you need a professional wardrobe so you can land that job. It may be worth it to spend your extra money making yourself or your business more marketable and more likely to earn higher income later on. Investing in yourself may be just the thing you need to build wealth that will last a lifetime! (photo credit: anieto2k via photopin cc)