What should I do with my money?

Discussion in 'Growing and Managing a Business' started by Jay., Apr 6, 2013.

  1. Jay.

    Jay.
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    I have a decent amount of cash that at the moment is just sat in my bank account earning very low interest. What would be the best thing to do with it?

    A cash ISA?
    Invest in premium bonds?
    Invest in a business? (My own, or if I could find a good opportunity, someone elses?)

    I'm not entirely sure what to do with it and any thoughts or ideas would be appreciated.
     
  2. FB92

    FB92
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    I can give you my Paypal account email address if you want. :eek:

    Is there a DVD, game, something that you're wanting? I usually spoil myself when I have money from clients to a movie or something.

    You could even save it for a course you want to do or something.
     
  3. TimeRider

    TimeRider
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    Jay: Why not invest it in a Business where you can make profit? Jay, See what are you skilled at? So, you can decide.
     
  4. StrivOlogy

    StrivOlogy
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    Invest in a business. Do you have any in mind?
     
  5. rises5544

    rises5544
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    Invest it any offline or online business, where you look more chances to growth, it's all about your past experience and your knowledge.
     
  6. Fergal

    Fergal
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    It's a good habit and principle to save a certain percentage of all your income. Many people recommend 10%, that could be a good place to start. Then use the rest of your money to invest in your own business, that has the potential to grow and provide you with an income stream in the future.
     
  7. Scarface_007

    Scarface_007
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    Jay start donating!! start from me and keep going until you finish!!!! Start business its best thing you know i always wanted that but lack cash and if you have that then whats stopping you.
     
  8. AnushaJain

    AnushaJain
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    May be you can invest some in gold and some in fixed deposit both are very much safe i think.
     
  9. Rocky

    Rocky
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    Since you have a good amount of it you can think of your own business first. And if you think you do not want to get into it then you might invest it in various places with low risk and steady returns. It depends on your long term goals though.
     
  10. database13

    database13
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    If you have a business then you can use few money of yours to promote business and services in local as well as global market with latest business mailing list.
    From this mailing database you can get clients contact details n information. Just try to invest small amount of your money and see Big result.

    Visit our website:
    http://www.databaseangel.com/3/Business-Mailing-Lists.html
     
  11. Webcs-Peter

    Webcs-Peter
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    Invest your money in property.
     
  12. pauldave11

    pauldave11
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    I think you should invest in business
     
  13. Delgado2009

    Delgado2009
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    Build your own website with your money. :)
     
  14. Michael Leng

    Michael Leng
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    It depends on your amount and your individual skills.

    To invest and run business which only you specialize in it only. Every kind of investments are risky.

    I don't have any particular skill. So, invest in financail fund that they have good management team to deal with it for you.

    To my, I have devinded my money to several account. Than invested them in different amount in defferent fund.

    1 ] I have bought Government Savings Bank's Lottery which is valid for 3 years (The lottery's term is 3 years.) No risk, but return is around 4-5 % a year.
    2 ] I have done a few insurance policy which offer the return and also I can lodge my tax return.

    To do room for rent is not bad idea. But it spends lots of money. The average interest is around 10-11 % a year. Also, this is passive income.
     
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  15. BlueCoyMarketing

    BlueCoyMarketing
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    You can invest in my business ;)
     

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