Daily Money & Investment Tips: Day 2

in #invest7 years ago (edited)

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.

image

Sort:  

Very good tips. Thanks for sharing.

You're welcome.....feel free to share also.