Investments, as name suggest are great things to do as soon as possible. In this article, we are going to explore 5 Best investments you can make right now. These investments are going to help you with your future, financial security and with your life. These are investments which, personally, I like to make as well and These can provide you with a glorious return as well. If you are a young individual, then this article is going to be gold for you because in making investment the sooner you invest the glorious returns you can get.
There 5 Investments You can make right now.
Start A YouTube Channel.
If you didn’t have a YouTube channel, then you need to start. You will going to learn a lot of skills and with time as your channel is going to grow and get monetized, you will start making money as well. It is going to help you a lot with your financial security when your channel will get monetized.
However, it’s not about money only, you will learn a lot of new skills on your journey on YouTube. You will learn to get in front of Camera, which is going to make you feel more self respected. If you have social anxiety, slowly it is going to get away. It is unnecessary that you have to be full time on YouTube. You can upload 1 or 2 videos in a week which will take 1-2 hours of a day in a week.
If you are thinking about on which topic you are going to start a channel, then start with what skill you are working on right now. If you are learning graphic design, start with that. Teach everyone about it, or make vlog as graphic designer and you will going to have so much fun in this process. If you do cycling or any activity make a channel on that, or start vloging or lifestyle channel. When you will create a certain number of audience which engages with your content, like & subscribe to it again and again, then your channel will start growing.
Get A Stock Market Account.
There are so many individuals who have passed their 18 and didn’t have an account on any stock broker platform. When you become 18 years old, you should have a stock market account so that can invest. It is not risky until you are investing in companies which have high earning power from past years. When you become 18 years old, just buy 3-4 outstanding books on investing and read those and get a stock market account.
You don’t need thousands of dollars. Just save a little money from your spending, and sacrifices unnecessary things such as buying new clothes if you have something to wear already, going out and eating outside. This you will as much money that you can buy a stock of great blue chip company.
Use knowledge from those books and buy company who have strong and consistent earning power. Some outstanding books are Intelligent Investors, The Interpretations of Financial statements by Mary Buffet, Security Analysis, learn to earn and One up on the wall street both by Peter Lynch. Understanding your investments is more important than investing.
Make Small & Healthy Habits.
There are so many habits which are going to make you an exceptional individual, but the problem is developing these habits is hard. However, a brilliant book I can recommend is Atomic Habits. Most of the individuals were already aware of this popular and effective book. As it made so easy to develop habits, and as I have mentioned small & healthy habits, it is because you don’t need to work on your habit for 30 mins or an hour.
You just have to do it for 5-20 mins, but you need to be consistent. Meanwhile, as developing your habits will going to take only 5-20 mins, it will be so easy for you to do that stuff as you know you will not do it for long, and it will end quickly.
This way, you will decrease the unpleasant feeling or resistance you get when you develop a habit. Now, the habit that everybody should have is reading books, and other habits totally depend on you and on what you are working on.
Learn New Skill.
Skill are very important. If you become able to learn a useful skill, then you can make more money and use that skill to make your life easier. A skill which is in demand and hard to learn. If you become able to learn that, then it will become so easy for you to make money in that skill and take use of it. However, whatever skill you want, you can start learning about it from right now.
There is an article on 27 high paying skills. This is going to help you in find the right skill for you. You can learn that skill and do your own research from your side to learn how you can get projects or clients in that space.
Learn To Invest.
Now, you need to become able to be a person who can identify which investments are good and which are bad. So, you need to invest in yourself first, so that you can develop that understanding and knowledge. Choose an investing market which is suitable for you, such as bonds, real-estate, or stock market. When you have chosen a market, then learn about and also make some small invests to test what actually you learned and developed. You can do it as your side hustle or side income, but as you become better at it and your capital grows, then you can do this full-time.