Types of investments that will make you damn rich

If you’re reading this, you’re already thinking like an investor. Wise investors know not to blindly put all their eggs in one basket. Instead, they become familiar with a few types of investments and use their knowledge of each to make money in different ways.

Thankfully, there are lots of baskets to choose from. Maybe this article on how to diversify your investments to protect your future economy could give you a broader picture.

Anyhow, I know you are craving to become financially free and so I picked the cream of all opportunities you can invest in your time and money to become financially free – no Hype!

Remember to bookmark this post so you can come back and refer to it in the future. Also, tap the notification on the bottom right of this page so you never miss alerts of new online opportunities daily – it’s FREE!

Also, if you can spare a minute and tap on any of the share buttons to help spread the word and help friends also tap into these opportunities – you really will have helped them.

Now let us check out the list… 

Types of investments that will make you damn rich

Types of investments that will make you damn rich

1. Learning to trade Forex

There is too much false information out there on forex being a gamble. But I ought to help you understand that as much as Forex is speculation of price movement over time. It is not gambling but rather an art learned and practiced over time.

This came up first on the list because for sure trading forex is such a golden investment that most traders keep concealed. You just make money analyzing price charts.

The whole event is that you need to take your time – at least three weeks to learn how to trade, come up with a trading strategy or use whatever is already there to make trades. Before you place a trade, wait for a confirmation signal then trade.

I discourage the idea of trusting your forex trading account details to someone claiming to do account management on your behalf. Just acquire the skill and do it on your own. Good enough at Blazona we got a forex trade101 – article on all you need to know before you start trading forex.

Also, You can make use of our video section to watch startup guides on trading Forex or download our Free forex trading for beginners ebook.

Click here to see our recommended forex brokers that you can trade with and withdraw your money anytime safely always.

Risk disclaimer: Trading CFDs carry a high level of risk and it may not be suitable for all investors

2. Starting a blogging / Vlogging career

Blogging and Vlogging are yet other areas you can invest both your time and money and you wanna become damn rich in no time.

A blog is a website that is regularly updated, typically one run by an individual or small group, that is written in an informal or conversational style.

On the other hand, a Vlog is a personal website or social media account where a person regularly posts short videos. 

Top blogs and Vlogs are making millions in a month from ad revenue alone. Meaning, if you add what they sell as an affiliate then the revenue could even double the figure.

Just a point to note, all these high-paying blogs and Vlogs started with zero users and zero revenue.

The owners were just disciplined in delivering valuable content and advertising. They also spared some time and accepted to be taught continually. Then in a few months, they noticed revenue flowing into their accounts.

Starting to invest in either of the above should not be a daunting task. The earlier you start the better. Read our article on all you need to know to start a successful blogging career to help you to get started.

3. Real estate investment

There are a variety of ways to invest in real estate: homes, flip houses, business buildings, apartments, farms, and trailer parks, to name a few. While the options are many, the price of entry is high, but there are a couple of ways to get around this

Property such as buildings for business operations, land, and homes are often an expensive investment, which easily crowds out investors with less capital. 

The hardest part about investing in real estate is finding a property that you can purchase with a margin of safety. If you can do that, you can make some decent returns investing in property. 

A Real Estate Investment Trust, or REIT, is similar to a mutual fund in that it takes the funds of many investors and invests them in a collection of income-generating real estate properties. Plus, REITs can be bought and sold like stocks on the stock market so they can be cheaper and easier to invest in than property. 

4. Trading Gold

Gold has always been among the best investments to make money since time immemorial. It had served as a haven for investors even at times when the economy was war-hit.

Besides investing in solid gold and gold coins, investors can also opt for a cost-effective alternate by investing in paper gold or gold ETPs.

Gold ETFs are open-ended Mutual Fund schemes that invest the money collected from investors in standard gold, and the holding is denoted in units.

5. Trading Cryptocurrency

In its most basic form, cryptocurrency trading is the exchange of cryptocurrencies. The operational concept is very similar to stock or forex trading, where you speculate on the price of a financial instrument and hope to profit off it.

Today, there are multitudes of cryptocurrencies available in the market. However, the two most dominant coins are Bitcoin and Ethereum.

Most cryptocurrencies are spurred by Blockchain technology, and each of have has different volatility levels.

Currently, their potential is estimated to affect the financial market extensively, opening up investment and trading opportunities for people of all shapes and sizes.

Someone who invested in Bitcoin in 2013 and sold it today would certainly make some incredible profits. The problem is that there’s no way to time the cryptocurrency market. Bitcoin and other cryptocurrencies could continue to dramatically increase in price, or they could drop to zero. 

Unlike forex, at this point, no one knows for sure what the future holds for cryptocurrencies. so investing in cryptocurrencies is little more than speculation.

Final thoughts

Everybody has the question, “How to get rich in a short time?” but they often forget that wealth creation is a process and takes time, energy, and planning.

Therefore, if you too want to become rich, build a financial plan and start investing early in schemes that will help you generate wealth in no time.

The above-mentioned options are just but a top pick from The Blazona’s point of view. You may also do your research on the same to make a concrete decision. 

We wish you all the best in your investment journey towards building your financial freedom.

Important parts of our blog

If you’re just starting out, then we highly recommend that you check out the following areas of our site:

  • Blazona Blog – The central place for all our recommended business ideas, money-making methods, and legit online jobs.
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