The world is regularly changing, and the business sector is keeping up. There are new and improved ways to invest your money in this modern age. The setback to investing is trusting the integrity of the available financial advice. There are alternative ways to invest your money that don’t necessarily involve a broker. These are not quick money-making schemes but guaranteed ways to make good profits in the long run, depending on your investment, focus, and determination to succeed.
Below are ten ways you can use your money to make more money:
1. Real estate-halfway houses
Real estate is an excellent investment option as there are alternative ways to make money from your property. When investing in real estate, you can rent the property or buy the property then flip it for more money. Some challenges come with being a landlord, and if you think having tenants will be a headache, you can turn your property into a halfway house.
Halfway houses are facilities where the persons under recovery are offered a conducive environment, support, and guidance to help them transition back into society. Most of these facilities accommodate recovering drug addicts, ex-convicts, and victims of domestic violence.
Owning a halfway house is a great money-making investment, and if you are interested, we can help you with the required information and skills to be successful. State laws regulate the establishment of halfway houses, and adequate research is necessary to avoid violation. Either way, it’s a unique investment option even if you have no property or available funding.
2. Precious metals and stones
Gold is the king of all precious metals, making it a foolproof investment. There are alternative precious metals and stones apart from gold you can invest in, like silver, palladium bullion bars, and diamonds. The setback with this type of investment is that the market rate will always fluctuate, making investors skeptical. However, investing in precious metals will always be profitable as their value doesn’t depreciate.
3. Peer-peer lending
P2P lending is an online service offering loans to businesses or individuals who qualify to borrow. There are a couple of lending companies you can join, like LendingClub, Peerform, and Prosper. There is no bank involved in this type of investment as the lender gets the money transferred to them dir