Most of the people in the world do not invest their money, this is probably because they don't have proper knowledge about investing or how to invest, or in what assets should we invest.
People are happy to save money in their bank accounts and when they see their savings they feel proud and happy that they have successfully saved a good amount of money after so many years and with such low interests.
However, what they do not check is that if they had put the same amount of money in some good assets, currency or stocks they could have got good returns over the same time. This is something we all should calculate before keeping our precious savings in our bank accounts.
I am not trying to say that we should invest all our money, what I am trying to say is you should divide your money into different sections. This means you should create a portfolio of your money and invest some of your funds and keep some in the bank. Through this, not only you will able to save your money, in fact, you will save and grow your money.
Nowadays, there are many options through which you can invest your money. You can go for Mutual Funds, Insurance Plans, Fixed Deposits, Recurring Deposits, Stock Market, Gold, and Cryptocurrency. You can start with a small amount of money. The safest way of investing your money is through SIP, Fixed Deposits, and Insurance Plans.
You can start a Fixed Deposit or Recurring Deposit at your bank. You can also start SIP(systematic investment plan) at your bank. You can contact your insurance advisor for investment plans. There are multiple online platforms like PaisaBazaar, ET Money, Zerodha, and many more.
You can contact these platforms and view the plans for SIP and mutual funds. There are 3 type of mutual funds in which you can invest. Low Risk Low Returns, Medium Risk Medium returns, High Risk High Returns. You can start with little amount and divide your funds into multiple funds so that you have a diversified portfolio.
Investing in Stock requires some knowledge which you can get through YouTube or by Reading related content online. Stocks are basically investing in a company and become one of the share holder of the company. It is similar to having a legal ownership in a company.
Gold is a good option for investing your money. You can buy gold and you can get good returns. You can buy gold in form of jewelry, coins, bonds, bars etc. In case of need you can also get gold loans as well.
Cryptocurrencies are on boom right now. Everyone is getting interested in getting information on different cryptocurrencies. Cryptocurrencies are digital assets that work on blockchain technology. There is lot of development going in crypto world. You can invest in crypto from multiple platforms such as Blockchain Wallet, Binance, Bittrex and many more.
So, in the end I want to say that your money will not grow in banks it will just get save. You can grow your money and everyone can start investing their money through multiple legal ways. Learn and Earn :)
