Money, as a concept, is a means of change that is given value under certain cultural guidelines. However, it is important to take care of it and try to make it grow as it is one of the tools to generate wealth and prosperity, which ends up benefiting the whole society.
Saving is the basic behavior to which most people come to begin to capitalize and have a stable base. Very good concept because it provides balance and predictability in your personal finances.
However, great businessmen, like Rockefeller, said that money is like energy, it must be flowed. That is why it is convenient that your capital grows in some way. Here you can know how to grow your wealth.
Ways to grow your money
- Fixed term. The most basic and simple way of investment, almost without risks, but with little profitability.
- Purchase of real estate. It does not have to be a property, you can invest in a small plot of land, a parking lot and then rent and amortize the capital or in a mortgage trust whose legal figure guarantees a very low risk.
- Investment portfolio. Generally it is done by a commercial bank that designs a series of generally diversified investments and is in charge of managing them.
- Place money in microenterprises. For example, provide capital in a business of a known as bars, restaurants, among others, to take a percentage of the profit.
- Purchase of Shares, Bonds and Derivatives. The first ones more stable with expiration date and with a fixed or variable rate. The Derivatives have a lot of risk, but a great profitability. It is advisable to leave it in the hands of experts.
- Foreign currency, gold. Buy gold bullion with denomination or foreign currency, both have quotation in transparent markets and can be easily sold at the time you require it.
These are just some of the most usual ways to multiply money and prevent you from losing the value of your capital.
The concept is that you must try to mobilize wealth in some way, because prosperity is in the dynamic.
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Author : Team Root |
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