7 Places To Invest Your Money

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Got some money stowed away that you’d like to make a return on? Investing can seem like risky business to many people, but as long as you take the time to do some thorough research you can usually maximise your chance of a profit. There are countless places to invest your money. Here are seven investment ideas that could be worth considering.


Most first-time investors will try their hand at property. There are many ways to make money out of real estate. You could buy a property and then rent it out to people to live in for a profit. Alternatively, you could buy a property, up its value by renovating it and then sell it to make money. There’s a lot that could go wrong with property investment from dodgy tenants that don’t pay their rent to expensive repairs that you didn’t see coming. It’s important to prepare for all this by having some form of backup fund. Hiring property managers to handle rent and handymen to do renovations can take away a lot of the stressful hands-on work of property investment and make the reward more worthwhile.

Local business

Investing in a local business idea could be a great way of making a profit. This could be a shop or a restaurant that you’re sure will make a profit, or some kind of local service that your community needs. Just make sure the company that you’re investing in has a solid business plan and that there’s a lot of local interest – you don’t want to invest in a company that’s doomed to fail.

Think of buying rolls royce shares and imagine your net worth increasing while you are doing something else. That’s the idea behind investing in good businesses and making a profit out of it.


Whilst the value of gold fluctuates, it’s unlikely it will ever become worthless. Buying some gold from a company such as Bullion Vault and letting it rise in value before selling it could be a way of making a return. Just make sure to do your research as the gold industry can be complex.

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Renewable Energy

People are no longer investing in oil and are instead putting their money into the energy sources of the future. Wind farms and solar panel companies are already seeing huge profits. Investing in such a project could be great for making a return in the future.

Health insurance

Insurance companies are built on risk, however the likes of Health Insurance Innovations are proving to make a steady profit making them attractive ventures for investors. Your money could be helping to fund lifesaving medical treatment for people, making this one of the more ethical insurance investments that you could choose.

Peer-to-peer lending

Peer-to-peer lending sites such as Zopa allow you to offer loans to people. Just as a loan company would charge interest, you get your money back in interest charges. Peer-to-peer lending allows you to contribute any amount, no matter how small. Choose trusted sites that will moderate your lending to ensure you get your payments back.

Pay off your debts

Paying off debt may not seem like an investment, but it can be. Many lenders charge higher interest the longer you take to pay off a loan. By paying off your debts quickly, you’ll pay less interest and technically save money.

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Upgrade Your Home Business to a Fully-Fledged Startup

One of the hardest steps to take on the path to becoming an entrepreneur is stepping out of your comfort zone. As humans, we love comfort. We love the feeling of being safe at home and we love familiarity. However, it’s the successful entrepreneurs that thrive in unfamiliar environments. They know how to take risks, they understand when to gamble and they always have a plan B ready for when plan A fails.

This article could go on and on about what entrepreneurs do that you currently don’t. But, instead, we’ve distilled it down to just a couple of considerations that you should make if you want to upgrade your home business into a proper startup.


Have a growth plan

Perhaps it’s never been on your mind before, but you need to have a growth plan ready for your business. This article from telegraph.co.uk will show you how to create a strategy for your business. It’s one of the fundamentals of running a business, and if you plan to step out of your comfort zone and upgrade your at-home business to a large-scale operation, then you have to be ready to accept change.

Secure the funds

Whether it’s through crowdfunding platforms or a business loan through a website such as smallbusinessloans.co, you need to have money in order to grow your business. Sure, there are plenty of ways to grow a business that don’t involve the use of money, but if you want to hire employees, rent an office and employ proper marketing techniques and materials, then you need to spend money. Just remember the saying; you can’t make money without investing money.

Have a continuity plan

Let’s admit it; growth plans don’t always work out. You could end up bankrupt because you lack the experience or you could grow so quickly that you crumble under the pressure and your business collapses. It’s difficult to expand a business, so always have an exit strategy. For instance, you could dissolve the business and continue your at-home business, or you could scale down your operations and fire all of the staff that you hired. Whatever you do, make sure you have some kind of plan ready for the possibility of your company shutting down.

Understand your responsibilities

As a business owner and entrepreneur, you need to understand that you’re no longer in charge of just a handful of staff or yourself. As an entrepreneur, you’ll have hundreds if not thousands of employees working under you at some point, so it’s your responsibility as the business owner to care about every single one to some degree. Your decisions will echo throughout the entire company, so make sure you’re prepared to have the fate of every member of staff in your hands. Whether they have a job to feed their families next week or not is entirely down to your decisions, so make every decision count and remember that you have more responsibilities the larger your company becomes. Some people can’t cope with this and ultimately pass the business on to someone else while they remain the founder. However, the successful leaders can inspire everyone that works for them, and it’s that kind of attitude that you should be aiming for.

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Go The Distance: Looking Ahead To Prevent Financial Pitfalls In Your Startup


They say that preparation is key, and it’s is never truer than for any individual that is starting their own business. Every little detail needs to be put in place before you can get your product out there, your staff are hired, and even before you go to the bank for a loan. The finance aspects are major turning points for any business. It’s also a veritable Catch-22 situation, you need money to make money, and so the cycle can be getting yourself into debt to push your services a bit further. But you don’t want to end up getting into that debt cycle, which can be a struggle, not just financially, but emotionally on you. So how can you prepare your business to avoid these typical financial pitfalls?

Don’t Quit Your Day Job Just Yet
Yes, it’s very tempting to jump in with both feet, but the fact of the matter is that you will end up treading water for a long time. It’s better to build up a roster of clients and contacts alongside earning a full-time wage, so by the time you have got enough work as a freelancer that the scales can tip in your favor, then is the right time to set up your business.

You Don’t Need An Office
There are plenty of people that run a business from home successfully in the first year of their business, so take this on board if you are trying to find ways to cut back on expenses. The working at the kitchen table scenario may not be beneficial for everybody but you can find ways of renting out a small office from an existing business, or you could become a member of a co working space. As long as you have somewhere that brings minimal distraction, this will be the best way to focus your efforts and your finances.

Look At The APR
Of course, if you need to borrow money to cover a certain expense, or you are onto something that you feel deserves financial backing, there are various ways to get financial loans, but you need to weigh up the pros and cons, as well as the interest rates on each loan. A site like businesslineof.credit shows the options for a business line of credit and the various criteria you need to possess in order to be granted this line of credit, which shows there are various interest rates attached. If you feel that your business needs this financial injection in the short term and it will prove beneficial, only you can decide. But beware of the additional interest rates on top that could add to your expenses.

Use Limited Staff Where Possible
If in the first year you can get by with just you and your laptop, then great. If not, then hiring staff on an as-needed basis is far more beneficial for you and your bank balance. You can use plenty of websites like upwork.com for short-term freelancers. Beware about scaling up your business too fast, because you need a skeleton staff to bring everything off the ground, not a full fleet of workers.

Preparing a business for these pitfalls is a very common issue, but there are plenty of ways around it.

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Don’t Let Your Home Business Leave You Bankrupt!

For a lot of people, running their own business from home can be the perfect career choice. After all, it puts you in far more control over when you work, it gives you the freedom to work from home, and it takes away a lot of the pressure of having a boss staring over your shoulder all day long. Of course, just because there are a lot of positive things about it, doesn’t mean that it doesn’t also involve some challenges as well! One of the most significant challenges that you’ll face when trying to run a business from home is, of course, financial. Sure, you don’t have anyone breathing down your neck all day, but that means that the buck stops with you, including any and all financial responsibilities. With that in mind, here are some ways that you can avoid letting your home business leave you bankrupt.

Getting into debt

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There’s a pretty good chance that, unless you have a pretty hefty amount of capital just sitting around, you’re going to need to take out some kind of loan in order to get your business off the ground. This isn’t a bad thing by any means and many business loans offer fantastic rates, but far too often small business owners turn to creditors to solve all of their financial problems. This can lead to a lot of accumulated debt from a lot of different direction. If you have a look at this debt consolidation loan payment calculator, you can see that, by consolidating your debts, you can make things much easier for yourself. Sure, you’re still going to need to pay back the loan, but having a single, smaller loan rather than multiple debts can be a lot easier to manage.


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When you first start your business, it’s tempting to do anything that you need to in order to make yourself tempting to potential customers. This leads many business owners to make one of the worst possible mistakes: undercharging for products and services. Sure, you might think that by doing this you’ll be able to undercut your competitors but in reality, you’re just putting yourself in a position where you’re not earning a fair profit on your products. Even if it does work, eventually you’ll want to grow your business, and that will require higher earnings, which could lead you to want to increase your prices. However, by raising your prices, you’re likely to end up upsetting many of your customers who were used to paying the smaller amount that you’d been charging previously. There are plenty of ways to compete with more established companies, but undercharging is certainly not one of them.

Of course, this isn’t going to be the only difficulty that you’ll face as a business owner. You’ve got to be aware of just how much responsibility such an endeavor requires. If you’re not ready to deal with all of that responsibility, then running a business might not be for you after all.

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The risk of lending money.

There are times when the person you least expect to betray you happens to be the very person who will do it to you.

Get my drift?

Well, a friend of mine did that to me. It was almost a year ago when he talked to me, asking to borrow money. I normally don’t allow this but since he was a very close friend of mine, I lent him some. Well, I should have just told him to go and apply for a loan or cash advance rather than lend him the money myself. It will be a year by end-June and I haven’t heard from him since. I was hurt, to say the least. But well, I took the risk and I just have to suffer the consequence.

I suggest that instead of borrowing money from family or friends, there is a cash advance facility available for a person. Impersonal yet very helpful. Try that first before anything else.

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How come?

How come when you have so many cash lying around, you don’t know what to buy. But when you don’t have any excess funds with you, you find so many stuff you want to hoard!

I recently found out that there are so many cute trinkets and other fancy schmancy stuff in a novelty shop I frequent. I also discovered last week a new shop that carries so many cute stuff I like. Last weekend, I felt like taking my sisters to this buffet/eat-all-you-can restaurant that my friend took me to on her birthday. I found a way to easily buy books abroad without the staggering shipping costs and delay in shipment but I don’t have enough to pay for it.


How come I see so many things I like but I don’t have enough to finance all of it!!!


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Financial Planning: Umbrella or Limited Status for your Company

As a start-up, one of the first things you need to decide is whether you should trade as a limited company or use the services of an umbrella company. You aren’t an accountant, so you’ll be forgiven if you feel overwhelmed by such a decision.

In the following paragraphs we’ll breakdown the key benefits of both options to help paint a clearer picture as to whether you should be limited or umbrella company. It is important that you seek the advice of an accountant before making a final decision.

The key differences between umbrella and limited
Both options are extremely different from one another, so it is vital that you understand the key advantages and disadvantages of both options before you are able to make a decision.

Limited Company
In a nutshell, the limited company route will see you incorporate your own limited company and become the director. You’ll be in charge of invoicing and the day to day running of the business (with the help of your accountant) and it is the most tax efficient way of trading, seeing you typically take home around 75% to 80% of your gross earnings.

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