If you are looking for simple ways to invest and make money daily fast, finding the right platform can be sometimes confusing. There are several ways to earn extra money every day. When you invest money, you must also be aware of the risk involved. The returns of investment even from a small amount of money will depend on your investment length as well. You’ll be making much higher returns if your investment lasts at least a month.
Why investing is important?
Investing is important to ensure that you have your financial needs met in the present and for the future. In simple words, investing provides you with financial security which you won’t be able to achieve by saving your money alone!
When you start investing your money, you are actually allowing your wealth to grow from the power of compounding.
For many people, (even for me a few years back), when the word ‘investing’ was heard, the first thing that popped into the mind is ‘large sum of money’ with the thought ‘I have no money to invest’ as the word investing is being tied to being rich.
However, investing money doesn’t necessarily require you to have a large chunk of money. In fact, there are many people who started with very less amount of money and become a billionaire now like the famous Warren Buffet.
Investing will help you to be able to –
- Grow your wealth.
- Help you save on taxes.
- Help you meet your financial goals.
- Help you to retire early or in your retirement.
- Stay ahead of inflation.
Main reasons why you should start investing your money
1. You are missing out on ‘free money’ when you don’t invest.
Everybody wants to have free money. However, what most of us weren’t aware of is one of the safest and easiest ways to make free money is by investing. The money you invested will give you free money from the power of compounding.
2. Your money loses value in a savings account.
If you are stacking money in your savings account, you are in for a loss because your purchasing power drops with the rising of inflation. A savings bank account will give you 2.5% maximum interest per annum for your money which is much lower than the current inflation rate. So, start to invest money and earn handsome returns instead of stocking cash in your bank account.
3. You want your money to work for you.
The hard fact is, that it is not entirely possible to become wealthy from the paycheck you are receiving monthly. You’ve worked hard for your money and if you want your money to multiply you must be willing to let money work for you by earning returns from the money you invested.
4. You can retire early or have a peaceful retirement.
When you started to invest regularly, you will be building your own wealth and financial security by the time you want to retire from your job. You can even retire early if you wish to. You sure won’t want to work till you almost drop down if you have the choice.
And to be honest, you have the choice by starting to invest regularly so that you can reap the benefit of compounding in the future.
5. Investing has become easier now.
With the growth of infrastructure and technologies, there are hundreds of platforms that will cater to your investment needs with a few clicks of a button from the comfort of your home. These platforms did all the hard work for you.
You don’t need to sit in front of your computer for hours to study stock charts or to start investing. All you have to do is choose the platforms, set it and forget it.
How to start investing with little money
As I mentioned earlier, there are hundreds of platforms where you can literally invest your money now. Out of those here is our top pick short-term investment platform you must try.
#1. Capital Group Funds
What Is Capital Group Funds?
Capital Group is a privately owned organization that provides millions of individual and institutional investors around the world a platform to invest and give high returns.
How To Make Money From Capital Group?
1. Investing by purchasing financial plans.
The investment directions of Capital Group Financial Funds include stocks, bonds, diversified, finance, real estate, infrastructure, high-tech, medical care, pharmaceuticals, and consumption.
There are Fund Plans you can start investing in right away and get up to 10% interest of what you have invested!