The right investments can make a world of difference in your life. From portfolio diversification to products that can save you both time and money, you don’t always have to hit a borrower minimum with the right investments. Finding a good investment opportunity can sometimes be as simple as going to the right stores.
Whether you’re looking into generating passive income through real estate or you’re buying new business attire so you can crush a job interview, there are some smart investments that are worth your time and money.
1. Alternative Investing
If you want to get into the financial game, alternative investments may be a perfect way. Plus, you don’t have to play the stock market or become an accredited investor to do so. Platforms like Yieldstreet provide investment opportunities in different asset classes like real estate, marine finance, commercial finance, and litigation finance. If you’re not convinced about this investment platform, check out a Yieldstreet review to see why so many people are interested in what this brand has to offer.
2. A New Wardrobe
If you haven’t updated your clothing in a while or you’re tired of rocking the business casual khaki pants, it’s time for a wardrobe rehaul. Your clothing can be a high-yield investment, especially if you’re one of many working professionals. This type of investment often involves sweaters, dresses, blouses, blazers, and other women’s business attire. Business casual doesn’t have to be boring.
3. Your Bed
You spend a good portion of every day in your bed so you need to do your own due diligence to make sure it’s comfortable. You can even get some accessories like soft sheets and memory foam pillows. Some businesses allow you to make interest payments on installments to make it easier to afford a top-end product.
4. Real Estate
If you’ve ever wanted to make some passive income, a great option is to purchase a second property. If you’re not a pro-landlord, you may need help with a real estate investment. The right sponsors can help you find smart investment options, though you may need to pay a management fee for the help.
5. Good Experiences
An investment doesn’t always have to be a tangible asset. In fact, your entire investment strategy can be to focus on experiences. Instead of collecting profits and mature funds, you can collect amazing moments and memories.
One downside to being thrifty is that your cookware may not be the most durable. If you’ve ever shopped at a home goods marketplace, you’ve probably balked at the price of cookware. However, it’s a good idea to invest in worthy products that will last for years to come.
While consumer finance, vessel acquisition, and minimum investments may sound more appealing, remember the old saying that “time is money.” You’ll get a major annual return on any financial product that can save you time or energy. It never hurts to purchase an added warranty too to ensure your investments last.
8. Rewards Credit Cards
While these might seem like a strange form of debt investment, the right cards can actually bring smart collectors some added income, especially if they have high-value rewards. If you’re an individual investor, you can also use this form of lending to help you build credit in a smart, effective way. However, if you’re not prepared, it can be an investment risk for your net worth.
Whether you’re purchasing some professional attire or you’re looking into a new individual offering or the Yieldstreet Prism Fund, there are smart ways to invest that will truly better your daily life. Work with the right lenders and don’t take too much of your annual income and you’ll be good to go.