Congratulations, you’ve got $20,000 to invest in whatever you choose. But what is the best route to take when investing? What route will bring you the most return?
Probably the first thing that people opt to invest in is property, and for good reason, because property is a fabulous investment. The key here is to do thorough research first. Foreclosures are at record highs, and with a little effort, you can find homes and lots for sale for a fraction of what they are actually worth. You can then resell those properties for their full value, and easily make thousands in profits.
Another great tip is to invest in another’s ideas. There are millions of people with a great idea that the lack the funding to take it to fruition. With the proper research, you can find the right people who can guarantee you a return on your money.
The third way is to invest that $20,000 into your own small business. While most people do not think $20,000 is enough to start a business, that couldn’t be farther from the truth. You could even start a consignment shop, or simply buy merchandise, such as used children’s clothing, and resell it for a great profit. At the rate kids grow, many parents are looking for ways to spend less on clothing or other children’s items.
So if you have the money to invest, starting your own business, investing in someone else’s ideas, or buying foreclosed properties are a great way to double your money.