|Easy Ways to Make Money Fast in 2019 (Up to $100/Day):
If you are reading this article, then it probably means you are either working actively towards amassing wealth to the tune of a 100k or you’re fervently hoping to win the lottery someday. Either way, it’s smart to learn about how to invest and not spend this huge amount even before it hits your account. The reason is that a $100,000 will not guarantee financial security unless the money is invested in ways that allow it to compound. So it's important to invest your 100k with caution:
Here are 12 safe ways to invest 100K safely
Pay off your debt. It may sound odd but paying off your debt is the first and biggest investment you can make with a $100,000 in your account. The interest on any debt you have grows with time and the sooner you pay if off, the more you will save.
Real Estate. One of the easiest ways to grow your money is to invest in real estate. Robert Kiyosaki, author of ‘Rich Dad Poor Dad’ learned to quickly grow his money by making down payments for rental properties and gaining profit by selling the property later at a higher price.
Another way to invest in real estate is by buying a property and renting it out. With the ever-increasing inflation rate, rents will go up while your mortgage payments stay the same. This increases your cash flow and your rental yield as an investor.
You could also invest your 100K in raw lands. Investing in lands is a profitable venture because of one key reason: land is scarce and its demand will always exceed its supply.
Index Funds. Investing in index funds is like investing in the stock market without taking on too much risk. The risk of investing in index funds is very minimal yet the benefits are massive. The trick is to diversify your stocks by buying the largest companies through your index fund.
Start a business. Invest your 100k in that promising business venture you put on the back burner for lack of money. If it is a high-risk business be sure to conduct research into your prospect, seek expert advice and develop a solid business plan before starting out.
Peer to Peer Lending. This is a way to make a direct impact in the lives of people. This is how it works: you sign up on a platform like Lending Club or Prosper and start giving loans to peers registered on the platform. You can buy into a thousand different loans to spread out risks and earn a profit in the form of interest.
Short-term government bonds. These are bonds with maturities of less than five years. They don’t yield much but they have lower risk and preserve capital.
Invest in a cash account. This is necessary because it gives you access to your money and makes it easy for you to meet your financial obligations.
High-yield savings account. This is another way to invest your 100k. It’s much more profitable than the normal savings account. Your money can sit in there and accrue some interest until you are ready to invest in bigger and more profitable ventures.
Invest in yourself. Investing in yourself is one of the best investments you could ever make and it can take many forms: pursuing a creative project, nurturing a talent taking a course or learning a new skill.
Annuities. This is a low-yielding investment which could pay as low as 3% on your capital. The advantage is that your capital is kept safe and your returns are guaranteed.
Donate to charity. One of the best ways to invest a 100K is to make an impact in the lives of the less fortunate through charitable giving. Investors who are into impact investing also get tax deductions.
Invest in an Emergency Fund. One wise thing to do once you have your 100k in hand is to set up an emergency fund or fund it if you already have one. It will shield you from life’s unpleasant surprises.
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