Four Wise Investments You Can Make In 2019
With 2019 already underway, people have started coming up with a number of resolutions. You, too, must be thinking of bringing some substantial changes in your life. It may be either focusing on your health or your financial status or being more social and productive. You probably want to spend more time with your kids and family and focus on their necessities. Aside from that, you might contemplate on ringing in a few investments for financial growth on a long-term basis. You might have raked in quite a good sum in your savings account, but you know that saving that amount wouldn’t be adequate for the future. But how and where can you possibly invest your money? Even the most established professionals and investors fail to find a proper answer to this question.
Below are a few options you can consider. Try them out!
Many investment gurus are of the opinion that real estate is soon going to undergo a lot of changes across the United States. Prices rise and fall, and there seems to be no end to it with no way out, making it a major problem. In spite of that, numerous real estate investors have no qualms in buying a rental property. Even if there is a rapid decline in the real estate market, people would need a roof above their head, wouldn’t they? If you are not interested in making any sort of investment in physical real estate, you are entitled to get hold of Real Estate Investment Trusts (REITs). This will keep you in an advantageous position, and as a landlord, you don’t have to get involved in too many problems.
One good place to make an investment this New Year is peer-to-peer lending. Prosper and Lending Clubs are platforms through which you can loan a specific amount to people just like a bank. You are also entitled to the interest that they pay along with the principal amount. Returns generally depend on how much you are giving out as a loan and may vary — sometimes, they can be 6% or more. If you have apprehensions about loaning a significant sum to an individual, rest assured that Lending Club is there to help you. It will allow you to divide your investment money into thousands of loans into increments that start from a meager $25.
Irrespective of whatever happens to the economy throughout the course of the next few years, you have one thing under control and that’s you. It doesn’t matter how you plan to make investments this New Year; this is perhaps the perfect time to invest in your career and secure your future. Expert financial advisors believe that 2019 is the best year to utilize your investment money towards boosting your career and arrange for more funds to last a lifetime. You need to ask yourself about the minute improvements you can make in order to be indispensable to your business or your boss. Try to focus on things that are directly related to your career this year and that’s definitely the least that you can do.
Your health must be of utmost priority. However, how you feel inside is also imperative. Health concerns both your physical as well as mental well-being. If you often find yourself going through stress or mental turmoil, aim to spend some quality time with yourself. Being alone might help you find solutions to several unsolved problems that have been bothering you for quite a while. Meditation is also an excellent way to make improve your mental health. Working out is also a good way to get back in proper physical and mental shape. You can also try out some hobbies that you love. Remember, being happy is as important as staying healthy. This New Year, make sure that you get rid of all the unwanted baggage.
Keep in mind that your financial status depends on your assets and your liabilities. Go ahead with your investments, but make sure that your debts don’t hamper your prospects. If you have a credit card debt, it’s necessary to chalk out a plan to pay off those balances in 2019. The positive side is, paying off your debts is actually an excellent way to receive a guaranteed return on your money. Aside from these, never forget to keep yourself in check. What’s the point of going all out with investments if you’re not doing too well yourself? Good luck!
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