4 Ways You Can Make Good Investments Without Investing All Your Time Too
Good Investments
Time is the one thing that you can’t buy any more of, nor can you find ways to generate more time on your own. While investing is important, there’s no way to magically make time to invest if you are otherwise busy living your life.
Fortunately, there are a few steps you can take to make good investments without investing any more of your valuable time.
Work With an Advisor
One of the best ways to invest is to provide the money and to let someone else do all the heavy lifting for you.
Working with an advisor is often a great way to make good picks without having to do all of the research yourself.
It’s even possible to work with an automated advisor (also known as a Robo-advisor) to get advice as to where to put your money without having to spend time meeting with a real person.
Stick With What You Know
Too busy for an advisor? It might be a good idea to just invest in what you already know.
If you’re involved in a business, think about which businesses are always succeeding and on which companies your business relies.
Make investments in those companies so that you can continue to grow your wealth without having to go out of your way to learn about a completely new type of business market.
Look at Passive Sources
Sometimes avoiding the stock market is the best way to go. A great way to get into the investment game is to buy properties and rent them out.
You can actually hand off all the day-to-day work to various property management companies, paying them to deal with tenants while you reap the rewards.
Though property ownership isn’t entirely passive, it is a good way to make money without having to be hands-on all the time.
Consider a Retirement Account
Finally, you might just want to put your money in a 401(k). If your business offers one, this tool can be invaluable for letting you fund your retirement without having to make any difficult choices.
Your business will direct where your money is invested and you’ll get access to your money when it’s time for you to cash out.
You don’t have to give up all of your time to invest. Choose easy investments, work with an advisor, or look for passive ways to make money.
All of these choices will help you to build a financial safety net without feeling like you’re taking up a second job.
Category: Investing
