Home > Tag Archives: ways to invest

Tag Archives: ways to invest

Wise Ways To Invest Money

different ways to invest money

When I started this blog, the goal was paying off credit card and consumer debt. Now my focus has shifted. One of the many great things about paying off debt is that once it’s gone, you have extra money every month!  Smart people don’t increase their  lifestyle or go on  shopping sprees. They invest that money for the future. Unless you are buying from a guy named Bernie who guarantees double digit returns with no risk, there really is no right or wrong way to invest. Just about anything you choose is better than nothing, but that doesn’t mean you shouldn’t try to choose the best investments for your future. This list is in no way all inclusive, but these are some wise ways to invest money. Investing For Retirement With a 401(k) If you have an employer plan, usually a 401(k) or 403(b), that’s usually the easiest and best way to invest for retirement. It’s easy because all you have to do is fill out the paperwork and best because money invested is tax deferred. That means you don’t have to pay income taxes now and your money can grow for years. When you do take disbursements from your ...

Read More »

5 Best Ways to Invest Your Money

This post was submitted by a guest author. If you would like to contribute a guest post, please contact me.  Investing wisely is the best way to increase your net worth over time. On the other hand, investing poorly can result in a significant loss of money for you. Most financial experts recommend diversifying your investments by distributing money into a variety of assets. No matter how promising and profitable a new company might seem, it’s never wise to invest all your money in one place. Having multiple streams of income is always better than having just one, because if an investment of yours fails and you’ve got others to back it up, you can cover the losses with one of these additional investments. While nobody can guarantee that an investment will pay off, there are basic investing dos and don’ts that everyone can benefit from. Here are the five best items to invest your money in: 1. Certificate of Deposit (CD) If you have a specific amount of money that you know you won’t be needing for immediate expenses, invest it in a CD. When you invest money this way, you are basically loaning it to a bank or ...

Read More »