If you find yourself with a bit of extra cash (lucky!), you might be thinking of ways that you can spend that money to make yourself a little bit more money. Rather than the usual go to for trying to make a bit more out of your money, investing in stock, why not try something a bit different? There are all sorts of things you can do to try and bulk up your money a little bit! Keep on reading to find out some unusual ways that you can invest your money to make a little bit more!
1) Investing in gold
Investing in gold can be great fun, but it is risky, as is investing in anything! You never know when the price could go up or down! It is interesting because gold has a lot more purchasing power than all the main currencies, so it is kind of like investing your money into a different type of money that is worth more! Also, it is always more satisfying to invest in something physical rather than something you can never see; it makes it feel a lot more valuable. You can read all about the pros of investing in gold here.
2) Consider investing in tugboats
Putting your money into a physical object always seems better as you can feel like you can see your money and you always have the option of selling it on of your own accord rather than just how the market does. NautiSNP sell some great tugboats that would be ideal for investing in! You could either start a little business with it which would be great if you were looking for a fun new project to do. You could also do some research on places that need them, and it would be quite simple to hire it out and make your money back and then some pretty quickly.
3) How about a house abroad?
People say that investing in property is always a good idea because the value only ever goes up which is perfect for investing! However, why not try something different and find a house abroad that you could rent out for holidays that people might want to go on? The good thing about this is that you can charge more for a place to stay on vacation and you would be able to easily list on on Airbnb as well as many other sites like this. Also, if you ever fancied a free place to stay abroad, you would own one!
4) Online businesses
Investing In online businesses is an excellent idea because you get to look around and find out what businesses you believe in and can figure out what you think might do well! Have a look around and find what you think might be the next big thing. If you do figure it out and get ahead of the game, you’ll be laughing! Also, it is great to work with people, and your potential prodigy would be incredibly grateful!