Do you have any money hidden somewhere there? or just sitting in your Bank account? That is why we will show where is the best place that you can put your money in and keep the high return possible and make it very fast.
The problem is that all people don’t want to take risk, they need high return in something very easy. But keep in mind, that it is always if you take high risk, you will get high return.
Therefore, we will tell where to invest this money, and to minimize the risk, and make close to zero. Those ideas are for the short term. Which will allow you to get fast cash and be happy in your life. Maybe, you will invest your money in the long term and make a successful life.
Our first advice, that can be a little surprised for you, is to start paying your debt. You can start investing and you are leaving something behind you that will always keep you late.
Before investing, try to change your mindset, the way that you see thing. Don’t get a car with a loan, to get people attention. Or even credit card debt, these loans are asking for high interest rates.
So, the first thing that you will do, is to contact your local bank, and ask them to change the term to short term. They will ask for a small interest: maybe 2% or 3%, you will be paying at least 9% in the long term. And start minimizing your expenses and paying out that debt that it’s holding you back.
The second option, which is a personnel advice and experience, that allow me to make fast cash, is by investing on online traders. My recommendation is ETORO, that gives you the ability to copy other investors that making great earnings and let them do the work for you. You will be able to minimize the risk and win time.
Another advice is that the local bank is not the best place for short term investment. You have the possibility to open online saving account, checking accounts and they are giving very high interest rates. And you can invest in short-term stocks and they won’t charge you for a lot of transactions.
Also, you will be able to take advantage of the technology and make you transaction from you couch, buy or sell your investments…etc.
A great option for you, is to start buying the CD’s, and we recommend you get them online because they are very competitive, with their CD’s rates. And their risk rate is too low, which allow you to make sure return on this investment.
Also, you can consider buying short term bonds, that can come with a little more risk. You can get even the municipal bonds or the actual individual bonds themselves, but you can also buy mutual funds or ETFs that are better and going to have short term bonds included in them. Now when we speak about short term typically you’re looking for bonds with a maturity between three and five years you want anything longer than five years there’s this inverse relationship with interest rates and bond prices a little bit complex but you could lose your principal when interest rates go up so you want to make sure that you’re choosing the shortest term possible.
One of the great options, that provide a great passive income is the Peer-to-Peer Lending. You can be the bank, and act as a financial institution.
Instead of asking the bank for loans, you will allow customers to get microloans (sometimes less than $100) and charge your interest.
The top two peer-to-peer lenders to check out are LendingClub and Prosper. You can start today with both, and just sit down and keep earning passive income.