What Can You Do With Your Money?

 

Money is something we cannot live without. Barter system is long gone and we need money for everything today. Every person has some financial commitments, and hence need a regular source of income to meet such expenses. Once these commitments are met, what to do with the rest? Just let it sit in the bank?

Well, yes many do that. The banks give a good rate of return for the money left with them and the money is highly secured too. But not many are happy with their money lying around idly. People want to put that money to use.

Here is what you can do with your money:

Invest

Investment is one of the best options for that excess money. When your money is well invested, it will keep earning returns and the money will keep increasing. This way even the money that is parked somewhere can increase your wealth. Some of the investment options are:

  • Property – One can buy a piece of land or a built up property. The built up property can be either a house or a building where offices can occupy space and pay you rent on a monthly basis. Now this property will ensure there is a steady flow of money into your account and prices will increase with the change in economy. When it is a house, you have a good roof over your head. If you are not living in it, you can rent it out and again get some money into your account on a monthly basis.

When you invest in land, it may not earn any returns initially but eventually some builder will want to build something on it and will either purchase it from you or build it in partnership with you, where you will own a part of the built up property.

  • Stock Market- This is another lucrative investment plan. There are a number of stock options to choose from and one need not park all their money in a single fund. You can spread your money over various stocks and ensure the risk is spread out. Stock market is volatile and the fund that performs well today may not do so tomorrow. Hence, when your investment is spread out, even if one fund performs poorly, there will be another that will perform weel, hence balancing your loss.

One can go to a trader or a trading house and get expert assistance to invest in the stock market. However, if you want to do it yourself, you can opt for online trading softwares like HBSwiss, and the likes and invest yourself. With this software, everything is automated and you need not worry about anything.

Charity

There are many people who need money. They are struggling even to have the basic necessities in life. There are many organizations that help the needy. Rotary International is one such organization which has a number of clubs spread all over the world. They aim at making the world a better place, one place at a time. Hence they undertake a number of projects and improve many areas. You can become a Rotary club member and contribute to their projects on a regular basis and this will increase the value of your money as it makes a big difference to another person.