Daily Money & Investment Tips: Day 2
Open a new bank account and call it "Investment", then on a fortnightly basis transfer an amount into this account (this account is not for savings).
The amount (or percentage) is something you have decided on after creating a budget (knowing each fortnight that you can live without this specified amount).
Once the amount, in this new account reaches a set figure, for example let's say $250.00. Then start investing, as you have already prepared yourself to lose any capital that you put up (although we hope this never happens).
Diverse your investments and experiment, for example:
- buy cryptocurreny (bitcoin, etherium, dash and litcoin seem good options).
- buy shares.
- start a small import/export business on ebay.
- create something hand made and sell/advertise through Facebook and Instagram (international audience).
- put up some capital for a mutual business with a friend.
The list goes on.
Whatever you do have fun, dream big and take a risk.
Very good tips. Thanks for sharing.
You're welcome.....feel free to share also.