Investing your money is the best way to grow it over the long term. But what if you can't afford to lose money? In a situation like this, don't fear, there are still a lot of great ways of investing money into stable investments that have a very low probability of losing money over the long run.
1. Stock Market Investing
The stock market does have its ups and downs that is certain. But the nice thing about it is that it does go up over the long term and it does tend to be very profitable over that time period as well. The idea here is to invest into a diversified holding of strong stocks or to even invest your money into a couple ETFs which simply track a group of stocks, and then hold onto them over the long term.
2. Real Estate
Real Estate investing involves buying a rental house or an apartment building and then renting it out. If you already have a lot of money saved up and can buy a house outright this can be a terrific way of investing because you will receive some passive income by doing it and you can also build up your long term wealth as the house appreciates over the long term.
2. Buying Tax Liens
If you ever pay your property taxes late you will find out that you will have to still pay it later on, only you will have to pay some sort of interest on top of it as a late penalty. Well tax lien investing takes the other side to this. The idea here is to pay for someone else's taxes and then when they do pay up you collect the interest.
So, you are pretty much guaranteed to get your money back. Also if you pay someone's property tax and they do not pay their taxes back with interest you would end up with their house after they are kicked out of it. So, no matter what happens you can come out ahead and this means there is really no risk in buying them.
1. Stock Market Investing
The stock market does have its ups and downs that is certain. But the nice thing about it is that it does go up over the long term and it does tend to be very profitable over that time period as well. The idea here is to invest into a diversified holding of strong stocks or to even invest your money into a couple ETFs which simply track a group of stocks, and then hold onto them over the long term.
2. Real Estate
Real Estate investing involves buying a rental house or an apartment building and then renting it out. If you already have a lot of money saved up and can buy a house outright this can be a terrific way of investing because you will receive some passive income by doing it and you can also build up your long term wealth as the house appreciates over the long term.
2. Buying Tax Liens
If you ever pay your property taxes late you will find out that you will have to still pay it later on, only you will have to pay some sort of interest on top of it as a late penalty. Well tax lien investing takes the other side to this. The idea here is to pay for someone else's taxes and then when they do pay up you collect the interest.
So, you are pretty much guaranteed to get your money back. Also if you pay someone's property tax and they do not pay their taxes back with interest you would end up with their house after they are kicked out of it. So, no matter what happens you can come out ahead and this means there is really no risk in buying them.
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