5 Savvy Ways To Invest $10,000 In 2018

ways to invest

What would you do if you suddenly had $10,000 in cash at your disposal? Would you splurge for a trip to some far-flung corner of the world? Trade up for a nicer vehicle? Buy new furniture and a hot tub for your backyard deck?

Those ideas might be the first that come to mind, but they may not be ones you will feel proud of ten or twenty years from now. Unless you have high interest debt you could pay off, your best bet with any “found money” is always going to be investing it for the long haul.

Why? Because when you invest cash instead of spending on depreciating assets, you set yourself up to have more financial freedom and better outcomes later on.

5 Smart Ways to Invest 10K

But, how should you invest $10,000? While there are plenty of smart ways to invest your money, the right option for you depends on your appetite for risk, your investing strategy, and your long-term goals. Of course, your best option might also depend on your unique needs and what you require to move to the next stages of your business or your personal development.

If you have found money this year, here are five ways to invest that could truly pay off down the line:

Online Real Estate Investing

Investing in real estate is all the rage these days, but that doesn’t mean everyone wants to be a landlord. The mere thought of dealing with tenants or painting interiors is enough to send some running for the hills, let alone the concept of having to deal with late night calls or costly repairs.

That’s why investing in Fundrise is such a smart idea. Fundrise.com is an investing platform that lets you invest in private real estate assets without dealing with the minutiae that comes with owning traditional rental real estate.

You only need a $500 minimum to get started with Fundrise, which makes it an ideal option if you have $10,000 to play with. Once you open an account, you can invest in major metro markets like Los Angeles, Washington D.C., and Jacksonville, Florida. Not only do they offer plans that support supplemental income, but they offer plans good for balanced investing and long-term growth.

While Fundrise has only been around since 2010, the company has performed well with returns ranging from 8.76% to 12.42% over the last four years, net of fees. These returns really speak for themselves, which is why Fundrise continues to grow in popularity among investors.

Another option within the online real estate investing is RealtyShares. Realty Shares has been featured in the Wall Street Journal, Bloomberg, and Forbes, and is already being used by 120,000 investors nationwide.

In a recent interview with Forbes, RealtyShares CEO Nav Athwal credits the company’s success to their ability to help accredited investors invest into real estate opportunities nationwide without a huge initial investment. Not only can investors browse opportunities by asset type, but they can buy in for as little as $5,000.

Plus, your investment with RealtyShares is easy to track. “Investors also have access to an investor dashboard where they can monitor their investments, returns and tax documents,” notes Athwal. “Thus, through crowdfunding, we’re making investing in real estate as easy as easy as investing in stocks in publicly traded companies.”

Real estate crowdfunding makes it possible to invest in real estate without ever stepping foot in a property and without borrowing hundreds of thousands of dollars. These reasons and others are why online firms like RealtyShares and Fundrise are so popular, and why they could continue growing in the future.

This article was written by Jeff Rose and published on Forbes.com. You can read the full article HERE.

How to Invest Your Business’s First Profits

business's first profits

You may have been in family owned business recently, noting that they framed their business’s first profits on the wall.

That’s not unusual.

It’s a great way to remember the first day, month, week, and year of business. It’s a great memory for an entrepreneur.

The bigger question is how do you invest your business’s first profits? What can you do to ensure that your business keeps making money?

Even if you haven’t considered this before, it’s time for you to rethink how you’ll handle the money you bring in from your efforts.

This article is going to share with you how you can grow your business and invest your business’s first profits for a better future.

Learn Strategies to Invest Your Business’s First Profits

What should you do when your company starts earning it’s first fruits?

The key is to figure out how to best allocate your funds. The first place you should consider investing in, is any improvement your business can make.

How can you improve your business brand? What about your business’s service offerings?

  1. Draw up a strategic plan. Before you make any future moves, draw up a strategic plan and then follow it. If you don’t have a strategy drawn up you’ll have no roadmap. Have a sound strategy in place, and then you’ll know where those first dollars go. This could mean infrastructure, customer experience etc.
  2. Marketing campaign. What is your first step to an effective marketing campaign? It’s creating one, and then implementing it. Digital marketing is your best bet, and it takes some tools to do so. When you run a campaign, keep track of it. Tools like Mailchimp, Active Campaign, and even Infusion Soft are all different tools used for tracking of open rates of emails, conversion rates and more. Building a sound marketing campaign is the key to determining where to allocate your future marketing dollars. Digital marketing is the best place to invest your business’s first profits.
  3. Need more team members? Be careful who you outsource to. Make sure that these individuals are aligned with your goals and vision for your business. If you build a solid and dedicated workforce, you’ll have no problem bringing your business into alignment with your goals for your future. If you need to add more team members, you’ll be able to grow your business beyond your wildest dreams and serve your customers in a way that says, “Wow”!
  4. Invest in you! As an entrepreneur you’ll face some unique challenges from day one. Your friends and family may not always understand where you’re coming from, and that’s okay. If you can improve yourself, add more skills to your arsenal, and you can build your mental toughness, you’ll be more than halfway to success! Attend conferences when possible and invest in coaching for you personally. It all matters. Being strong mentally is such as valuable to you as being strong physically. It’s another great way to invest your business’s first profits.
  5. Allocate money to a cash buffer. Cash is king, there’s no doubt about it. However, you should know that cash is essential for daily operations too. Don’t spend money on tools you don’t need, and don’t expand your team until you really need to. If you aren’t sure how to do this in a way that won’t dry up your cashflow seek financial counseling from a trusted accountant or other financial expert. You need to know how to best use your funds while saving for a rainy day. Even for your business.

An online business will save you time and money, and it can still be just as rewarding as anything else you are doing.

You can still connect with people, and you’ll be able to connect with more of them as a result.

Using your funds wisely and learning how to create a cash buffer as well as how to allocate funds will help you be very best captain of your ship possible.

Once you prepare by seeking out some sound counseling on how to invest your “business’s first profits,” you’ll be on the path to success.