Little money you have can do more for you than you ever think, often, we always overlook the little cash that we have, you can do more if you can know how to invest with little money.
You can do a lot with a little money through investments and turn it into big money that can help build wealth in the long run.
The money you have may just be
N100k or even just N30k, you can start investing today as a beginner investor.
If you don’t start, you may never go rich, if you invest in some form, you may grow wealth to reach financial independence.
Looking to get lucky without investing may not be possible; you need a real investment portfolio to grow your finances.
What to do is to start building a real investment portfolio even with the little money you have than waiting to have a large some.
This post will show you how you can start investing with whatever amount of money you have, without affecting your daily living.
Let quickly explore some great 5 places to start to invest with little money and grow your finance with time.
How to Invest with Little Money In The Right Way
Right now, we are going to see the 5 simple ways to invest small amounts of money and those investments are guarantee to bring you higher profits in due time.
1. Real Estate Crowdfunding
Real estate allows you to invest with that little money you have, many people never believe this is possible.
With real estate crowdfunding, you can enjoy being a real estate investor; if you have 20,000 you can become an investor.
Real estate crowdfunding works by teaming up with other real estate investors by pooling money together to finance some real estate projects.
You have become a partial owner of a property you crowdfunded with other real estate investors and once profit is made on the property or earns an income from ongoing rents; you have your share of the money.
2. Investment apps
Have you heard of Cowrywise, Agropartnerships, real estate investments apps and others, these are investment apps that encouraging you more to invest with the little money you have with you?
One of my favourites is Piggyvest. This is an investment app that is great for new investors with small amounts of money to invest.
There are no account minimums to meet before investing in these platforms and that makes them great, you can trade bonds, individual stocks, mutual funds, and Forex. etc
These apps are recommended for new investors because your money is secure and you can easily grow if you can be patient enough. The only thing you have to be careful about is to entrust your money with the right investment apps.
3. Peer to Peer Lending
Peer to peer lending is also a great way of investing too, with the little money you have; you could decide to lend the cash you have to someone else in a form of investing.
Peer-to-Peer (P2P) lending work in a way that you have to give out the money you have to an unknown borrower who may pay promptly or not. With this kind of small investment, you are putting your money at risk but it comes with an interest.
P2P is a loan you are ready to give out; to limit the risk involved you may give out money install-mentally to test the water and you can go to court if the borrower fails to pay you.
There are several Platforms you can start with a small amount and increasing financing your borrowers with a higher amount, you can start with Lending Club.
4. Precious Metals
Investing in precious metals like gold and other metals are good, but how many people know about this, some believe if you don’t have millions you can’t delve into this form of investment.
What you do is to buy at when low and hope someday you are to sell it off better than the amount you bought it. Metals hold their value because they’re physical, tangible products, you can waste your money with this investment.
What your target to have a higher margin is when the demand is high and people will be desperate for it. This is the right time to sell.
5. Bank High Yield Savings Accounts
The traditional banks give you interest on every saved money, though the rate at which you get may be lower when compared to one bank’s bt is better than spending.
If you have high yield savings accounts you will earn more from the money kept with banks, an alternative to traditional banks, there are numerous online bank that offers you something better.
Saving money in a high yield savings account is a form of investing, and it is one of the easiest ways to invest the little money you have.
Saving and investing works together, if you can marry them to each other, when you save, you can invest.
The money you may consider not using, can go into your saving account and invest it to bring you more profits, you can leave it for as long as many years you want.
This is a form of growing money slowly and steadily and it is a form of investing.
An online high yield savings account earns higher interest than the traditional bank rate account.
You can open up a high yield savings account today online.