Grow Your Savings, Make Your Money Work for You!
Have you ever had a chunk of money that just sits in your account or you have it in a jar at home? Have you ever wondered how you can make more money from the money that is just sitting there collecting dust? Your money can grow more money, but you have to know how to grow it properly. We are going to grow money with as little risk as possible. The ROI or Return On Investment must be high enough for the investment to even take place. If you implement these steps, then you can make more money from your money and grow your savings.
1. Put Your Money in Stocks or Crypto-currency
I have invested about $300 in Dogecoin and I have easily made $1500 by sitting there and watching it go up after I bought it. Do your research and observe the dips. You will have to risk some money here, but if you catch the stock or crypto on a down day, then you can make a quick chunk of money from just being aware of things. I use River News to keep up to date on what is happening in the world and what could be crashing soon and what is rising.
2. Invest in Side Hustles, Use Your Gift and $10 Idea
This step is one that I can’t even emphasize enough. You MUST invest in your side hustles that are connected to your $10 Idea. What is a $10 Idea, you might be asking? CLICK HERE to go back to my blog post about your $10 Idea. Its your, “money maker” idea that is specialized to YOU! There are side hustles that can coincide with your $10 Idea. Do some research and start experimenting in your $10 Idea. You may just find a gold mine!
3. Invest in a Website and Put Your $10 Idea Out There
I have found that a LOT of people are saying that websites are DEAD. I am here to tell you that WEBSITES ARE NOT DEAD! Websites are not dead! Websites can get you an email list and the ROI or Return On Investment for email marketing is 4200%. 4200%!!! That means that for every dollar you spend on email marketing, your average ROI should be $42. Spend $1, get $42, its a NO BRAINER! Put your $10 Idea out there in the form of a website and solve someone’s problem, ask kindly for their email in exchange for your telling them what the solution is, and boom, you have an email list! Anik Singal is a genius for utilizing the billions of email addresses for his business.
4. Get on Social Media and Network Yourself
Get on social media with like minded people and network yourself. Be of some help to other people and in turn, they will help you. Look at their website and ask if they will look at your’s. I have had people that have shared my posts if I will share their posts and it just helps you and it helps the other person. When you make it all about helping other people, then other people want to help you.
Key Point: This was MONEY when I saw it in action. The key point is to follow other people and be interested in what they are doing and it will come back to you. I followed someone on Pinterest the other day and 4 people came and followed me from following that 1 person! I was on another social media site and followed a bunch of people in my niche that were like me and I have gained about 350 followers in a matter of a couple of days. CONTACTS ARE MONEY!!!
I do hope you have enjoyed this blog post about growing your savings. Please throw a like on it, follow us for more blog posts on money and share it with your family and friends! We can grow our money and have it working for us at all times. This is how to build wealth. It does take some risk and some money management on our part, but we can make our money and cash work for us. Until next time.
Jeremy Scharmann
