Ways to Invest the Extra Money You’ve Saved

We’ve talked about different ways to add new sources of revenue here on Mom and More. Blogging is a great way to earn extra income sharing the things you love. Some of the DIY crafts and recipes we’ve covered on this blog can also be turned into products you can sell to friends or customers online. Now that the economy is getting better, many of you are now able to save money on a regular basis.

So, what next? Saving money is just the first step. The next step to take is investing that money to earn more income. Here are some investment ideas to consider if you want to get started.

Education

I’ve always said that advancing in your career is one of the best ways to increase your income. Those who are currently assuming the role of a full-time mom can also consider getting back to work once the kids are old enough. This is where an investment in education comes in handy.

Pursue a degree in some of the most lucrative fields on the market and you’ll be able to jumpstart your return to the corporate life. A master of information degree, for instance, is one of the most valuable ones you can pursue today. An online MLIS program will prepare you for a career in information management, data analysis, and much more.

The key here is online education. Top names such as Rutgers Online are making their best programs available to online students. You don’t have to relocate closer to the university or become a full-time student to get a master’s degree. you just need to be better at managing your time.

Property

Next on our list is an investment in property. It is considered the safest form of investment under normal circumstances since you can always expect the value of properties to go up. What’s important is to find properties that you can buy to let, so you will be earning monthly rent aside from the expected capital gain.

There are even buy to let mortgage loans on the market, designed for those who want to invest in the property market without stretching their savings too far. Low down payment and manageable monthly installment amounts make having the tenants pay for the majority of the property very possible in many situations.

Invest in Shares

The last investment opportunity to explore is the stock market. Investing in real corporations can lead to a lucrative long-term gain. You can take the time to learn more about stock investment or invest in a retirement fund managed by a reputable financial institution. Both routes are great for securing a more comfortable retirement.

The only thing to keep in mind is to start early. Today’s stock investment opportunities can be explored for a relatively small amount of money, so you don’t need to wait until you have thousands in your savings account to get started. The sooner you can start working on that retirement plan, the more secure you will be when the time comes.