Whether you’re just out of university and looking to start making money, or you’ve got a few years of work under your belt but your salary just isn’t affording you the lifestyle that you’d like, learning to invest your money could help you to achieve more of those luxuries that you currently have to avoid or miss out on. If you’ve never invested before, here are just a few of the most straightforward ways you can do it, without having to possess millions of pounds invested in hedge funds.
Investing in Property
Although many people are finding it difficult to purchase their own properties, if you can afford to buy one and then lease it out using a buy-to-let mortgage from a company like Saffron Building Society, you’ll have a stable income coming in on a monthly basis, and as long as you treat your tenants with respect they’ll look after the property well. If you can afford to buy a house in or near London, this is your best bet for ensuring you fill your property up.
Investing In Art
Everybody has an interest in art, and if you think that only high art is valuable, you’re almost certainly wrong. Whether you’re passionate about street art, oil paintings or sculpture, there’s a lot of money to be made, and you might just end up with some delightful pieces of art in your home while you wait to sell it. Investing in art isn’t too much of an expensive task, either, and if you invest in pieces from the collections of relatively unknown student artists who are on the up, your initial investments might not cost more than a hundred or so pounds.
Investing in Collectables
You might think that investing is for people with serious, grown-up interests. However, collectables such as old video games, dolls, board games or comic books can be sold at auctions or on online stores for extremely high prices, so whether you have items from your childhood stocked away in your attic or you know a source where you can get hold of these items cheaper than the going rate, you could be sitting on an investment goldmine.
Of course, it’s important that you have the money up front to be able to afford all of this investment, and if you find that your investments go array, you need to make sure you have enough money to fall back on.