A Guide To Making Your Money Work Harder For You

by Pam on July 14, 2015

investing tipsContrary to what some people say, money does make the world go round. While it doesn’t necessarily buy happiness, it does make life a lot easier. Sadly, for the majority of us, there never seems to be enough it.

For most people, wanting more money isn’t just about making life easier for ourselves. The chance to provide a better life for our families is often the main reason behind the attempts to secure a better financial situation. While our jobs might keep our heads afloat, getting the most out of our disposable cash is key.

The most effective way of making money work harder is to invest it wisely. Sound investments can create a much better future for your family. However, the importance of this concept means that you cannot afford to rush into things.

Determine the amount you want to invest.

Before even thinking about investments, you need to analyze your situation and work out how much you can actually afford to invest. These great tips about budgeting will help teach you about cutting expenses and saving more cash. Good habits will rub off throughout your entire life, so this is a great starting point for anyone looking to take their finances more seriously.

Adopting a stern approach will go a long way to helping you make better financial decisions. Stop viewing cash as ‘just money’. Instead, you should see the opportunity to create a better life. With the right mindset, you won’t go far wrong.

Find the right balance.

Finding a way to save more money will increase your capital, but don’t leave yourself too short. The last thing you want is to land yourself in debt because your money has been tied up or lost, in investment ventures. While frivolous spending is ill-advised, you should ensure that you’re leaving yourself enough money to survive. As important as your future is, it’s equally significant that you are allowed to live for now too. You don’t want to limit your enjoyment by investing too much. Finding the right balance is key.

Once you’ve set a budget, it’s time to weigh up the different investing options. There are various ways to help your money grow, and it’s about finding the best solution to suit your individual needs.


A lot of investors will opt for the steady but unspectacular. Buying bonds is a risk-free method that will guarantee a return on investment. Your money won’t grow as quickly as it could with alternative options, but the added security is certainly something that will appeal to the more conscious saver. If this is the route you wish to take, then it’s still important to assess the different types of bonds available. The variations might be subtle at times, but they can make a huge impact on your returns.


While bonds will appeal to some, a lot of investors want to see their money swell rather than grow in a gradual curve. In these cases, one of the most common avenues to travel down is dealing in stocks and shares. Becoming a trader is exciting and can bring huge rewards, but you should be warned that there is a potential to lose money too.

Forex Trading

The most popular market to deal in is the foreign exchange. Trading currencies is probably the easiest commodity to monitor as the value is quite clear for all to see. While denominations can take serious hits, there is still a safety net that other stocks don’t offer.

Forex trading can be a very rewarding path to take, which is why it’s so popular. It also runs for much longer hours than many other trade markets. It does take skill to master this field, though. If you haven’t got the hours to dedicate, then you could always hire the help of a professional trader. However, as with any form of trading, you must make sure you understand the associated fees.

Trading & Betting

Alternatively, there are hundreds of other items to trade. The key is to find something that you are knowledgeable about. It might sound a little unconventional, but if you have a knack for predicting sports matches, then you may even want to consider gambling. Be warned, though, this method could see you lose everything. However, good gamblers will see a bigger return on their investment than investors in any other field.

Lucrative Hobbies

Investing in worldwide markets isn’t the only option available. There are many other ways to invest your money. Buying antiques or collectible artworks can provide very handsome returns for those with a keen eye for judging the true value of an item. It might be a little more time consuming, but it can also double up as an enjoyable hobby that generates extra capital for your future.

Real Estate

Similarly, you could dabble in the property market. One particularly popular method is to purchase ‘doer uppers’ that require some restoration. Once renovated, these homes can often be sold for huge profits. Just be sure to check any building for major issues, such as problematic foundations.

Start A Business

Starting your own property developing firm is a great way of starting a new business, but you could always launch a company to follow your other dreams. The only problem is finding the time to run the operation, especially if you still work in another job. Time is a major factor in your investment ventures. Be sure that you have enough to make a success of whatever option you take.

Take Calculated Risks

Ultimately, it’s a case of understanding your finances as well as the risks and rewards at stake. Finding a solution that is enjoyable can improve your investment experiences. However, the most pleasurable option is often the one that generates the most money.

As with any major financial decision, the key is to research your options and refrain from rushing in. Seeing your money evaporate due to your own negligence is never fun.

Finally, if you feel uncomfortable with your investments, then it’s not too late to back out. You’ve got to do what’s right for you. For some people, letting money sit in the bank is king. 

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