There are so many ways to make money nowadays. People can make a living just by legally betting on sports events via an online forum, or many people even make their fortune by making fun of the world via something called a “meme.” If you look at the bigger picture, there really are so many ways to earn a living, but not all of them are guaranteed. Well, I suppose nothing is guaranteed, but there are things that are a tad bit safer than others.
If you are looking to invest some money in something other than stocks, here are some alternative ways to make smart investments.
This covers all things like wine, cigars, or sports memorabilia. These items made the list because they are a little out of left field but also because there will always be a market for them. Sports memorabilia from the greats will always be a sought after and while sports players still remain among the elite in our society, chances are there will always be a marketing for them. Wine and cigars are the same. You are investing in the business banking on the fact that these items will be the “next big thing” to come out and if you’re right, you will win big. Cigars are a huge money-maker at the moment and only seems to be getting bigger.
Many people are unaware of these but penny stocks are a great way to make money. Penny stocks are basically any stock under $5 that can yield a huge ROI. While these stocks can still be a risk, and some may even say your wildest ride as an investor, they do still offer more return than most. Many will see their $0.08 per share jump to $8 in just two weeks, and it’s called, “playing the pennies.” While there is still risk like with any investment, there is still great reward.
Local is the new black meets Small Business Saturday. Startups turning small business are the latest trend and continue to rise. If you live in a community that is a startup hub, or even just “start-up friendly” you might want to look into some potential money making areas. Even just making a small investment can lead to a large return.
A friend once told me that, “there’s no way to make more land, so investing in real estate is one of the smartest things you can do!” I couldn’t agree more, and neither can most investors. According to an article published by Entrepreneur, explains that, “Income producing real estate investments do not have red and green days, as does the stock market.” So, it’s a smart investment.
If you have any questions, speak to a financial advisor and create a plan that is best for you and your available funds. Many advisors will offer a free consultation, so try and pump as much money out of they as you can. (Just another insider tip!)