How Best Can You Invest Your Money? - World's Most Profitable Ways Revealed

The only tested path towards financial freedom in the future is having an excellent savings plan. This is the best way to achieve and realize your dreams in a more comfortable way. Upon retirement or when forced to meet sudden financial needs, you will always have that peace of mind since you had made previous preparations. Save now and spend later.

It is always never too early or too late to start saving. Be it for retirement, short term purchases definite project or as an emergency reserve. However, the early one starts the better.  To be wealthy, you must learn how to save. Save first before starting to spend money.

INVESTING IN THE STOCK MARKET

This option is best suitable for economic savvy individuals. People who are equally risk takers and capable of forecasting the future performance of certain companies in the stock market. However, with proper advice from stock brokers or investment advisers, an individual may decide to take a stab at this option. There is an old age aphorism that it is better to try and loose than to loose without any trial. And no forgetting the famous anonymous quote that, ‘we loose 100% of chances we do not take.’ Most people are skeptical in deciding to invest in the stock market. However, better results it requires patience.

INVESTING IN START-UP BUSINESS

This method is best practiced in developed countries. Once an individual identifies a new business enterprise with expected good returns. They may opt to invest in such businesses as angel investors. Once the business breaks even, then they either demand their investments back or rather decide to increase their shares or investments in such business; but all these depends on the profit margins of such business.

'SHY LOCKING' ..... Cash Lending by and Individual

Though regarded as a form of money laundering, shy locking is an old age savings plan most people have adopted over the years. This is a short term back door way of lending, based on mutual agreement between the lender and the borrower. The lender can decide either to charge or not to charge interest on the amount given out. This approach poses a legal challenge to the lender should the borrower fail to pay back. It is therefore a risky way of savings. However, it works best if there is mutual trust between the borrower and the lender. To some extent, lenders may opt to seek collateral over the money lent.

SAVING IN HOUSE SAFES/ IN MONEY BOXES/CONTAINERS.

We all most all start from here. I remember our eldest brother made some holes in sofa set to hide some coins away from us during our childhood. However, this is a very high-risky way to save money. It can be stolen or destroyed by fire at any given time. Since you have direct access to the money on a daily basis, you will be tempted to either use the whole amount or part of it. Yes, this is one of the easily and quickest available saving plans, but it is not the best option.
 

OPENING A SAVINGS ACCOUNT WITH BANK OR SACCO

This is one of the best options for savings. It is recommended for savings towards a specific desired lump sum or for security purposes. However, most banks and Saccos do levy certain amounts in case of withdrawals. Other banks or Saccos have certain specific durations over the years for withdrawal purposes. It is therefore recommended that you understand the type of savings account you intend to operate before you commit to opening it.

OPENING A FIXED DEPOSIT ACCOUNT.

This is another exciting option available from all most all banks and certain Saccos. They allow you to deposit or invest a large chunk of money at an agreeable lucrative interest rate. This option is better than opening a savings account; since it has high returns for savings. However, you will be required to deposit your money for a specific period of time without withdrawing any portion. In return, your money will yield some interest, payable at the end of the agreed period.

INVESTING IN UNIT TRUSTS

This is another favorable option provided by several investment banks and insurance companies. Your money is pulled together with other money and is used towards purchase of well calculated and high performing shares and bonds (in the stock market(s). The best part in unit trusts is that, your money is guaranteed. It is the investment banks and insurance companies who take the risk for future unfavorable economic environment. If you love to own shares in the stock market, but lack the necessary know how, then this is the best start-up option for you.

INVESTING IN GOVERNMENT BONDS

This is another risk-free way to save. Most bonds offered by varied governments to investors operate in a similar way as the fixed deposit account from banks. They have fixed interest rate which you are made aware of before investing your money. You therefore have an opportunity to calculate the expected returns.

JOINING A SAVINGS CLUB

With clear focus, dedication and commitment, savings clubs may be another good savings option available. Most respectable investment groups all over the world started off as a savings club. Members involved usually know each other very well and usually contribute specific and agreeable amounts of money at designated time. Upon meeting specific goals, members decide whether to invest or divide the accumulated money.

Decide to start saving today for a better future.