As a mompreneur, you have a lot of challenges that make it hard to get out there to make money. With the kids to look after and general life getting in the way, you need some way to do business from the comfort of your own home. Of course, there are loads of opportunities to do this online. But, these are usually some sort of lie or scam. Instead, you can make money the old fashioned way; through investment.
As a mom, you probably don’t want to be risking too much of your money. So, when it comes to risky investments, you should probably only spend a little. Of course, higher risk methods will usually also yield greater reward. But, you still have a lot to learn. Trading with CFDs or stocks can be a risky game. If you invest too much and lose it, you may not be able to invest again. If you play the right game, though, you can be quite successful in these areas. Always start off small until you are confident enough to risk more. It’s not worth losing all of your money.
You could also have a look into some ideas that are a little less risky but still give you a pretty decent return. Peer-to-peer lending has become very popular, over the years. A group of people all contribute towards a loan, and the receiver pays them back with some interest on top. These schemes are easy to buy into, and you don’t have to put in very much. Most companies that offer this service will guarantee a return of around 10 percent. This is a huge return considering the incredibly low risk.
For some, any risk is far too much. So, for these people, something with absolutely no risk is required. This is where a bond comes in. Bonds are like savings accounts, only with a timer on them. Once you put the money in, you can’t get it back until the timer runs out. During that time, the organisation that it’s stored with will use it to make riskier investments. Some of the return that they get from those will be passed back to you. To make this sort of system work very well, you need a substantial investment. This is because the interest rates on accounts like this are quite low, compared to other investments.
All of these routes can be taken while sitting on the sofa. This makes them perfect for a mom with more money than time. Of course, you may need to do some research for yourself. Every country has it’s own rules, so certain types of investment will be different. It’s always worth putting in time and effort before you invest large amounts of money.
Hopefully, this will give you an idea of the value of investment. It’s easy to start off small in something like this. You may find that you really enjoy it, which is great. But, if you don’t, you may have to try a different type of investment.
Mia Guerra
Latest posts by Mia Guerra (see all)
- Five Wedding Details You Shouldn’t Forget While Planning - July 17, 2023
- Essential Considerations When Planning an Extension - July 17, 2023
- Easy Ways to Reduce Your Carbon Footprint and Contribute to a Greener World - July 17, 2023
