Tight budgets: where to invest your money?

Making an investment is not just for those who already have a lot of money. Today there are different kinds of investments for small budgets. Investments are made to help you earn extra income or save money for retirement.

Rental real estate

Acquiring an estate to rent it out gives you the assurance of making a profit. The property can increase in value over time and its price will gradually rise. The rental property investment can take several forms: apartment, house or even parking. The first step is to set a goal, to know exactly what you want to do. Investing in real estate is not to be taken lightly, and it is important to be well informed on the subject. When you buy a property, you should also think about reselling it, taking into account the demand in the market. Before taking the plunge, it is important to plan for the long term. Also think about the type of rental, the price of the rent, but also the related charges (tax, taxation and rental management). Take into account the environment in which the property is located. A quiet, secure area with green spaces, but especially close to shops, schools and hospitals attract customers. The city must also be taken into account. In general, large cities are where there is the most demand, especially if they are close to universities.

Crowdfunding

This is participatory financing, regardless of the amount, in a joint project. If the project succeeds, the benefits received will be calculated according to the contribution of each party. With the thousands of projects that exist on the platforms, an error of choice happens very quickly. To invest your money in this type of project, get as much information as possible. Besides, the advantage with crowdfunding is the possibility to invest in several projects at the same time. However, it is a risky investment. If the project does not go ahead, the capital is lost. You have to be careful where you put your money.

Investing in life insurance

It is a suitable investment for many projects. No need to have a large budget and anyone can subscribe to it. One of its many advantages is that there are no constraints on a monthly payment. You make your contribution when you want to, and when you can afford it. For example, it can be used to buy real estate or set aside for education. In addition, a life insurance policy also allows you to prepare your estate. The sum will thus be bequeathed to the person of your choice.