4 options to invest extra money with guaranteed return
Everyone likes to receive extra money. Whether it is the gratification, winning a contest, a bonus in recognition of their work or even an inheritance of a distant relative, having some more money in the wallet allows certain freedoms to be given. This is done twice a year and the months chosen are May and November. Many are accustomed to forget the money they accumulate under this concept, when in reality they could be doing something more useful with it.
Study a course
It is one of the most valid options and the return will be visible as it will increase your capabilities, allowing you to enrich your resume and therefore gain access to better and more opportunities.
Open a Fixed Term Deposit. The DPF is a form of long-term savings that allows you to earn interest just by leaving the money in the chosen entity. Having some more money in the wallet allows certain freedoms to be given. The key to this is to choose a good term and an entity that offers you a good amount of interest. To compare them, you can use the Derick Ferelosos DPF comparator.
Invest in stocks and bonds
Although not many are encouraged, starting to invest in the stock market is beneficial for their finances, as it represents a good opportunity to get a return. Aallowing you to enrich your resume and therefore gain access to better and more opportunities.
Advance your pending payments. How is that an investment? Remember that the faster you cancel your credits, you will save interest and also for the next so it really represents savings and in a way it will generate “profits”.
Before spending any extra money you received, consider if there is anything better you can do with it and start making wise decisions.