As entrepreneurs and entrepreneurs, we always pay attention to the many different and exciting ways to make our money work for us at any time.
With savings accounts and bank interest near all the lows, the thought of putting your money in an interest savings account or even a CD is not just “old school”. It’s a method that you don’t really make that much money at all.
According to the FDIC, the national average interest rate on savings accounts is currently at a terribly low APY of 0.04%. Since this is true for both average and jumbo deposits, the concept of putting money in a bank account just gets worse.
If you had $ 100,000 in the bank, you would only be making around $ 400 a year with no interest! And while I never consider myself a financial expert or tell you where to put your money, there are simply much better ways to grow and earn more.
With that in mind, there are now more ways to put your money to good use while growing your investments and your retirement money.
Here are some of the top investment trends and methodologies that will be getting a lot of attention in 2021.
Personal investing in the stock market
Year after year, the stock market makes people rich. Whether through personal investments, retirement accounts, or even playing your chances in the world of OTC stocks, money is there to make money.
And since the stock market continues to grow in value year after year, this is always a good strategy for long-term investments. As shown in the table below, the S&P 500 has seen double-digit percentage gains in 3 of the last 4 years!
And the great thing about investing in the market is that it can be done through a retirement account, mass investment ETFs, or even just through mobile and web-based stockbroker services.
Not only can you make money through good investments, but you can also make easy money when you sign up for a new brokerage account. There are also many websites like trade-ideas.com that offer various discounts, coupon codes, and promotions for many of the best online investment applications and services.
With so many, so many different brokers offering cash rewards after you deposit, this is an easy way to get an instant return on your investment that goes beyond offering a traditional interest savings account. And when you have a lot of money to invest, try joining various platforms to take advantage of the new sign up bonuses they may offer.
Mobile investing in cryptocurrencies
Dogecoin, Bitcoin, Etherium … you name it, crypto is everywhere and it is quickly attracting more people to personal finance and investing than ever before.
With so many different crypto applications and services, it’s extremely easy to open an account in no time and start making your first crypto purchases.
And it’s not even about knowing which application or service to use, it’s also about which crypto you want to invest in. Just look at the most recent numbers of how quickly and quickly some of the most popular cryptocurrencies have risen in the past several days and months – as provided by Cryptorank.
However, with as many success stories as you hear from the world of cryptography and investing, there are a ton of other mistakes that you rarely hear about.
No matter what your thoughts and expertise regarding crypto, it is a super-fast world of financial trading that is always worth getting better informed about.
Art investments and NTFs
If you think the world of crypto is fast moving and full of cash, wait until you see what’s going on in the new world of art and digital property!
NFT stands for non-fungible tokens and they have been very popular lately, with some items selling in the over $ 40 million to $ 60 million range … and for just one digital file!
With so much attention being paid to NTFs, it can be overwhelming within minutes of doing your research and figuring out how to get started. And if you’ve been an avid comic book or sports card collector, you can invest even more in the world of NTFs than you might think!
To aid in this process, we recommend reading this article by The Verge and the short explainer video below.
Start your own new business
Are you looking to make a great investment with your own money and in yourself? If so, what better way to use your money wisely than by investing in your own business.
With the internet, it’s now easier than ever to start your own business, website, or blog. You can only spend a minimal amount of money getting started while potentially changing your personal and financial life for the better!
With so many different ways to start and run a business on the internet, this is one of the most obvious and best ways to use your money wisely.
How to get the most out of your money and investments
As with all things, the best ways to make money often involve a lot of time, work, and patience. And if everyone knew what would bring them the most money, it would be exactly an investment … right?
With this in mind, it is important to put a lot of time and effort into your decisions as you are investing your hard earned money and trying to build a better future for you and your family.
Remember, nothing is easy … and most of the wealth story rags you see and hear are often just a feel-good story to get more attention and readers – rather than normal scenarios.
Invest wisely and always invest in yourself!