Joseph Fabilli is a serial entrepreneur and funding consultant for future-thinking entrepreneurs and agencies who want to discover and secure government grants and other significant sources of funding around the world. Joseph Fabilli is also the director of a investment firm named Program funding consultants.
With the new year upon us, finally, you can soar to make significant changes in your life. Maybe you want to start exercising more often and take better care of your health. Maybe you have built a respectable sum of money in a high-interest savings account, but you know that saving money is not enough. As we know any kind of investment is not guaranteed for better output. Here are some of the best investment plans that I wanted to share with you.
1: Stock Market
1: Stock Market
If you have been keeping up with the twists and turns of the stock market later, you've probably heard rumors that a correction is on its way. If you do not feel comfortable buying individual stocks, consider investing in a diverse world, low-cost index funds. If you need help and advice on how you can use the services of a counselor as Robo-Betterment.
Just like the stock market, many experts believe that real estate is in a bubble through many US regions. Prices continue to climb with no end in sight. Unfortunately, this scenario seems to never end well. However, many real estate investors buying rental property do not seem to be worried. While the tanks of the property market, people have to live somewhere, right?
If you are not someone who wants to invest in physical real estate, you can always buy real estate investment trusts or REITs. REITs allow you to enjoy the positive aspects of the property market without getting your hands dirty or deal with the hassle of being a landlord.
3: Peer-to-Peer Lending
3: Peer-to-Peer Lending
Another place to invest your surplus funds this year is the one that has been around for a while - peer-to-peer lending. Platforms like Lending Club and Prosper lets you lend money to individuals as a bank makes, and you get to receive interest they pay in. While performance may vary according to the degree of risk of lending you choose funds, they can be upwards of 6% or more. If you are worried about lending money to someone and having the ghosts you, do not be. Lending Club allows you to spread your investment hundreds or even thousands of loans in increments as small as $ 25. This way, you are not betting the farm on a person you do not even know.
4: Your career
4: Your career
No matter what happens to the economy over the coming years, there is one thing that you have total control - you. Regardless of how you plan to invest in 2020, now may be the best time ever to invest in your career and your future. At the very least, you could hire to consume more content specific to career this year. "Between books, audio books, podcasts, and YouTube, all information in the world is at hand," he said. You can also attend a career conference, pursue higher education at night or online, or obtain certification in your field.
5: Your first side Hustle
5: Your first side Hustle
If you want one year in 2020 for the record books, find a way to earn more money that can help. But, if you cannot manage to increase your working day, you may need to take things in hand. A lateral agitation can help you earn more money that can be used to achieve a number of financial goals. Fortunately, there are all kinds of side jobs to consider that you can do in your free time.
6: Debt repayment
6: Debt repayment
Finally, remember that your wealth is determined by your assets and your liabilities. Investing all you want to do, but do not forget how your debts you can slide down. If you have a credit card debt with high interest, it is essential to create a plan to squash these balances this year - or at least as fast as possible. Unfortunately, this is not always a simple feat. As new advisor wealth, Joseph Fabiilli balanced financial life is, too many people get caught in a downward spiral of debt because it is more practical to make minimum payments and worry about the balance later. This problem is compounded by the fact that the average credit card APR is higher than 17%. Even if your balances are relatively low, it is a ton of interest you pay.
