How to grow your money through your investments

For you to become wealthy, there are a couple things you need to do. Simply earning money is not going to help you break even. The most important thing you need to do is save the money you are earning. This way, you can easily start growing your money.

So, how do you increase your money? There are several ways of growing your money, but the best way to increase your money is by investing it.

As an investor, you have to be armed with the right strategies for growing money. More often than not, you will be using your hard-earned money to acquire properties that have the potential to give profitable returns. Some of these include:

  •     Cash flow returns from real estate or businesses
  •     Value of your property appreciating from real estate, stocks, and or any other assets
  •     Dividends and interests from bonds and savings

Now that we know how investing is going to make us money, let us talk about why you should invest and how to invest.

Investing has the power to grow your money from a single penny to millions of dollars within a given time. Compound returns make it possible to grow your little investment. As a matter of fact, compounding is the pillar that holds all the investments we make.

When is the Right Time to Invest?

Now! If you want to grow your money, you need to start investing right now. There is no right time to invest. Start with the little you have. Let’s look at some of the ways of investing.

Before we delve into investing, there are a couple of things that you need to be aware of. As Warren Buffett put it, the most crucial factor to consider before you make any investment is how you handle your investment portfolio. Choosing the right assets and having a robust investment plan is key to success.

Mutual Funds

A mutual fund is a type of investment where several investors make investments into one pool. The money is then managed by professional managers who invest the money by buying securities for the investors.

This is the best way to start investing. Mutual funds have low risks since you get to invest in a wide portfolio of stocks and bonds within a single transaction. Mutual funds also require less money to start.

Individual Stocks

If you want to invest in individual stocks, the best way to do this is by approaching the stock market slow and steady. New investors in the stock market should not invest more than 10% of their money until they have gained enough experience.

Real Estate

Do you have enough money to invest in real estate? With a good strategy, you can not go wrong with real estate. The industry is so large, and real estate property is always appreciating with time. However, like any other investment, there are risks involved. It’s good to know what it takes to run a real estate business.

Overall, investing is very crucial if you want to enjoy your future. For new investors who have quite a large sum of money, it is advised to get a financial advisor. It’s recommended that one should get a face to face financial advisor who will answer all your questions on time and accordingly. You can also study the ways mentioned earlier on investing and start slow with mutual funds then grow from there.

chrisbrown1224

Managing Director – New Vision Financial Services & New Vision Real Estate After years in the banking, finance & commercial sector Chris noticed that the industry needed a company with a personal touch that offered their customers a complete solution. In 2015 New Vision Financial Services was created to allow our consultants to use their experience (including approving and structuring large complex commercial transactions through to basic home loans) and to concentrate on offering a personalised service to their clients. With the growth and success of New Vision Financial Services a decision was made in 2019 to launch New Vision Real Estate to provide an end to end solution for client weather they be first home buyers or seasoned investors. Chris has built a team at New Vision Financial Services and New Vision Real Estate that have access to over 70 different lenders, insurers, lawyers, accountants and financial planners giving you more flexibility when making a decision. We offer a full service Real Estate agency offering Sales, Leasing, New Developments, House & Land and Commercial. Call me anytime on 0433 181 544 or email chris@newvisionfinancial.com.au The team at New Vision Financial Services have access to over 70 different lenders, giving you more flexibility when making a decision. Our consultants have had extensive experience within the banking, financial and corporate sector. At New Vision Financial Services we specialise in finance lending for home, investment, business, commercial, asset, debtor and many other requirements. As New Vision Financial Services has progressed, we have developed strong relationships with professional service providers such as; Financial Planners, Accountants, Settlement Agents, Leasing & Equipment Providers, Debt Management Specialists and any more to allow our clients access to a complete suite of services.