Are you looking for something worthwhile to do with your
money? Chances are that you get all kinds of offers and pitches each day, but
don’t listen to all of that. Think about what you really want to do with your
money, and choose something that you’re passionate about and that will be
beneficial for you not just now, but in the long run as well. For options that
do all of these things and that are also fun and unique, consider the following
ideas.
Invest In…Yourself!
As a person, you have earning potential. The good news is
that your earning potential can always go up, especially if you invest in
yourself. By making choices that are going to make you more employable and that
are going to earn you higher pay, you can make a big difference in your life.
There are many ways to invest in yourself, depending on what you do and what
your goals are, but here are some ideas that could work:
· Get a career certification of some kind
· Attend trainings, seminars, conferences, or classes that will improve your skills and abilities
· Hire a career coach, a personal assistant, a financial advisor, or other professionals who can help you to improve yourself
Be a Silent Partner
In addition to investing in yourself- which you should do
regardless of what other investment avenues you choose- you may want to
consider investing in a business you believe in. While you definitely
have the
option of starting your own business, you can avoid the risks and stresses that
go along with that and still get all of the benefits by choosing to become a
silent partner for someone else’s business.
You can provide investment capital to the business as a
silent partner, which will give you percentage ownership of the business and
its income. So, you’ll make money as the business does, and, in the event that
the business is ever sold, you’ll enjoy an equity payoff. Just make sure to
choose a business that has real potential and that you could see sticking
around for a few years at least.
Invest in…Hedge Funds
Finally, consider investing in hedge funds. While these
funds once had a bad reputation for having high buy-in rates, things have
changed in recent years. Now, more and more accredited investors are offering
them as an alternative investment, and as such, they’re getting a lot more
popular, accessible, and reliable. While hedge funds can pay off big, they can
also be a big disappointment if you choose the wrong one, so have a finance
professional help you select and invest in a good hedge fund.
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