where i invest my money to become rich

Whether you’re new to investing, or have a long-term interest in the stock market, it can be difficult to decide when and how much money to put away each month. But with my website, I can help all of you take charge when it comes to your wealth and security. You are able to invest in stocks and bonds, or even get into gold, and I’ve got you covered every step of the way. Not only will your money grow but so will yours! I’ve got you covered from day one: I’ll tell you when you need to dip your toes into that precious asset, what types of investments can improve your savings rate, and how we can work together to make more money than if we do things alone. With some of these tips, it’s never been easier.

1. Start Small.

           This is not something that most people think about, but research demonstrates that small changes lead to big rewards. An easy way to start is to buy into Goldstar, which offers low fees on their whole suite of products, including Goldstar Gold Trust (GST) mutual funds, as well as other options. For example, for $3,000, you can purchase shares of Goldstar Growth Fund, a high-yielding dividend fund that invests primarily in equity, bond, and alternative assets.

But there are also many opportunities to earn your first few dollars with smaller, yet potentially lucrative, investment programs. The biggest asset class is called “alternative debt,” and there’s really nothing like real estate to allow this asset class to thrive. A quick, easy way to start is to buy into New Home Mortgage Income Fund (HNQ) and follow its link over at https://www.newhomemortgage.com/. The fund invests directly into mortgages backed by property taxes, offering an opportunity to save both time and money for yourself! These funds are managed by seasoned professionals who know how to turn a profit even when the economy isn’t doing so great, and that includes the portfolio that they own. When your buying costs are less than 1% of your monthly income, the opportunity for profits increases exponentially! Now let’s add another option into our analysis: Let’s look briefly at two relatively smaller companies that offer similar benefits: Stash and OpenTable.

Stash – A direct trading platform from Square, allowing anyone to invest with confidence and low risk.

OpenTable – A meal subscription service focused on providing food, drink, and a host of dining options in local communities throughout the United States. It features hundreds of restaurants and has a network of thousands of employees that go above and beyond just serving customers dinner for them.

Stash allows anyone to trade in any kind of securities or bonds of a nation’s economy, provided that those assets are up for grabs with enough cash available. If you want to invest in the largest companies in America, Stash is a good place to start. And it’s always best to find out where you can invest more quickly before making an account with Stash first.

2. Trade More Often (But Don’t Spend All Your Time Trading).

             One of my personal favorite traits about being wealthy is that my life revolves around the trading aspect of it: whenever I see an opportunity to buy a stock or bond, I immediately jump at it. However, I don’t do very well with impulse buys and rarely hold an asset for longer than three years. This is the reason why I highly recommend saving an additional 10 percent of your budget each year and setting aside your full income to try and increase your cash flow. That means not spending any real money on your stocks or bonds unless absolutely necessary.

But don’t feel guilty saying no. I mean, look at Warren Buffett – his net worth is estimated to be around $300 billion, according to Forbes. He doesn’t spend nearly any time on the stock market, and he owns his entire company for free! His company, Berkshire Hathaway Inc., is among the smallest in history, but Warren Buffett is still considered to be the world’s greatest investor because he’s actually a billionaire.

That said, the following are some strategies that I use when I make decisions on how to allocate my earnings:

Investing In Low Cost Alternatives. These are investments that pay more with a lower risk, but you can afford to pick them apart too. There are dozens of popular alternatives you can choose from, ranging from starting an app business to renting an apartment or selling your house altogether! Many of these opportunities require little upfront cost, meaning you’ll have to wait for a while to see more income and potential growth from them.

T

hese are investments that pay more with a lower risk, but you can afford to pick them apart too. There are dozens of popular alternatives you can choose from, ranging from starting an app business to renting an apartment or selling your house altogether! As a rule of thumb, invest in one of these low-risk, low-risk investments at least once a week for the next five years to ensure you can generate passive income instead of having to rely entirely on your job. If you’re trying to build a passive side hustle, there are plenty of ways to monetize your extra cash instead of relying on a paycheck! Also, diversify. Diversifying is key to generating passive income, because you’re limiting your risk, but you’re also enabling yourself to become a better investor. Choose a stock or bond that will allow you to earn dividends for life. Dividends are good money! According to Wall Street Journal, one could earn an annualized return of more than 9% if they invested between $50,000 and $1,000 per month, and would be able to keep at it for roughly 20 years. Plus, you can often find value in stocks even if you get a lot of returns. Remember, a $50,000 investment back in 2011 means you’ll lose a ton of capital, but the opportunity for passive income is enormous.

 Consider using an IRA as part of a growing portfolio, rather than a traditional bank account. As explained earlier, there are several rules that you can follow to help maximize your IRA from earning passive income, such as: Keep everything tax-free unless you plan to sell your stocks or land a piece of a huge deal, or you’re planning to use your IRA to reduce your taxes. Create a separate IRA for retirement and saving for down payments. Have a portion of your IRA allocated to your 401(k), Roth IRA, and Education Savings Account (ESSA). Make sure that you do a thorough review of the amount of money that goes inside the accounts to make sure that you don’t end up missing out on even a cent. Check out the latest figures from IRS and ask them for advice if you aren’t completely clear! By choosing low-risk IRAs, you can earn long-term passive income instead of getting paid a regular salary, but remember, these accounts don’t benefit from compounding interest.

3. Get Rid Of Debt

           This might be tough news for many folks, but I think that it makes sense if you consider yourself an early adopter. Just like with your money, you should prioritize debt that can only cause problems for you and keep a roof over your head, rather than paying off debt that you likely won’t need to pay off in the future. What is commonly referred to as debt, however, is pretty complex, so here are some of the basics before diving into what debt actually is. First, credit card debts are loans. These are loans where you borrow from someone else’s debit card, then pay off the balance every month. Most debt comes with a variable interest rate – basically, a floating rate that depends on the interest rate on the original loan. Typically, interest rates rise on higher-interest-rate credit cards due to inflation. This leads to higher interest rates for everyone’s debt. In that instance, it becomes very important to pay off more debt than you can handle. If you keep a credit card, check to see if your balance is increasing at all since when you pay off debts, you’re increasing your total value. Credit Card Debt vs. Student Loan Debt. Before students started to apply for credit card debt, they were looking to get a degree to secure a stable and steady income. They weren’t worried about getting into an affordable but high-paying job before graduation, or going to college with poor financial terms, or having to be responsible for all sorts of debt by default. So when students started applying for credit card debt, they were looking for an income with the flexibility of student loans and the stability of student loans. Now that they’re graduates, they were able to turn their backs on student loans for a while, and now they’re able to pay them off. Because of this, student loans are known to give students a bad name when it comes to working out a fair amount and understanding when it comes to student debt. Luckily, student loan debt is not as problematic or dangerous a credit card debt, and students tend to be safer financially when it comes to student loans.