Financial freedom and Security can be achieved by means of investment. When investing you should take into consideration your goals, current financial status, experience and risk taking comfort. Always study the market before making any attempt to invest and never put all your eggs in one basket. Some of the best investments that you can make for 2020 are:
- Smart property management
Buying and owning properties can be very lucrative. In taking this step you have to be real about your expenses. Sometimes the full cash is not readily available for purchase. However, in Jamaica, you can make a purchase by contacting a mortgage lender to help in that regard.
- Put yourself first, develop your own potential
Self investment takes time, effort and money, however , this is one of the best investments a person can make. Self investment paves the way for increased earnings, personal and professional development. You can further yourself in your career or take the path of a new career. Get qualified and obtain the necessary skills needed that will allow you to advance. There is always the option of industry programs, degree programs, short courses and many others.
- Finding multiple sources of income
It is always good to have multiple sources of income to generate extra cash. One way to do this is to start a side business or offer personal services that do not require a large investment to start. Side business also creates a room for persons to expand their creative art and do more of the things that they love while earning.
- Clear your Debts
When you pay off your debts in a shorter period than the stipulated time you will pay a lower interest rate, giving you more funds to cover other expenses or to put in another investment. Paying off a debt might not seem like an investment. However, when this is done there can be tremendous benefits such as the return received