There are two major types of investments people could get into. Those might require much of the individuals’ time and those that would require little to no time on the part of the investor. In some cases, people have a job that they intend to retain while investing. In other cases, they have carefully and deliberately saved money over some time. They intend to quit their job and concentrate fully on their investments. For these two groups of people, here are some of the investment types that you can go into.
P2P lending is becoming more and more popular in recent times. Several people need loans at various times and are willing to pay back with interest. The data management system in most developed countries is very efficient such that it would be to the detriment of an individual to borrow money from a loan company. Thus, it is relatively risk-free and profitable to go into P2P lending. All you just need to do is get matched with somebody who wants to loan money, you loan the money to the person and you subsequently get paid back the money with interest when the person returns the money. Note that this is different from the Ponzi scheme where you pay money to someone’s account and someone else is expected to pay double the money to your account after a period. Ponzi schemes are risky investments as there is no guarantee there would be someone available to pay money to you when it is time to get paid. This is as opposed to P2P investment where you are borrowing someone money and the person is expected to pay back with interest. This type of investment does not require a lot of your time and you can easily merge it with your work with no issues. You can invest with IUVO P2P investment if you are interested in this type of investment.
Another investment that you might want to go into is real estate. You could go into real estate full time. This will involve helping people build and/or acting as a real estate agent to those that want to sell houses. There is also the option of looking for real estate companies that welcome investors. You can talk with them and if you can come to terms, you can invest with the company or individual. The company or individual does all the job while you are just like a shareholder, or at the least, you get some profit to your capital which you can reinvest.
Starting a business
Another way you can invest is by starting a business. You definitely want to learn how to file taxes if you work for yourself of course. If you are still working, you can take up a hobby you can do during the free time that can earn you some money. However, if you want to start a full-time business, you might have to resign from work or partner with someone else. Considering how difficult it can be for a new business to survive, it might not be best to immediately resign your job. You might need to use your salary to run the business for some months. After the business picks up, you can subsequently resign and concentrate on the business.