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What is the Best Way to Invest Money

What is the best way to invest money without risk? This is probably the most frequent question i receive daily. One of the business challenges facing entrepreneurs is that of raising capital. Yet, it may surprise you to know that there are individuals with excess money; looking for what to invest in.

Now how do I know this? I know this because I receive tons of emails from people asking to know what sort of product or business opportunity to invest in. Examples of such questions are:

What is the best investment opportunity with the highest return on investment?

I have $5,000 in savings; what business should I start?

I am a student and I have an extra $1,000. What is the best way to invest 1000 dollars?

Well, this article is an answer to these questions. Regardless of the amount of dollars you have; be it $500, $1,000 or a million dollars, I am going to tell you the best way to invest your money with minimal risk.

What Best Way to Invest Money?

Before I proceed, I want to make it clear that there is risk involved in any business or investment opportunity. There’s nothing like a risk free investment and if there is; the returns will be nothing to write home about. Now how do you invest your hard earned money without losing sleep?

1. Invest in yourself first

Yes, the very first investment product you must invest in is yourself. Investing in yourself means getting the necessary education regarding a particular investment. It involves increasing your financial intelligence and IQ. Today, I see people jumping into the stock market and real estate market without proper education.

Everyday, I get tons of mail from people asking for my opinion about a particular investment product and my reply always is: how well do you understand the investment? What my question simply means is how much education do you have about the investment you are about to make.

“It’s not gold, silver or real estate that makes you rich; it is what you know about gold, silver or real estate that makes you rich.” – Robert Kiyosaki

Don’t ever get excited about a business opportunity or investment product without first understanding its in and out. Always remember that the best investment is an investment to increase your financial intelligence. The higher your financial IQ, the more sophisticated you will become with respect to analyzing investments. So always invest in yourself first.

2. Start a business

Starting a business is the next best way to invest your money especially if you are starting from scratch. I once wrote an article explaining in details starting from nothing and my stand here still remains the same. If you are starting out with little or no money; then investing in building a business is your best investment, that’s after you have invested in getting the necessary street smart education.

Take a look at the drop out billionaires such as Larry Ellison, Bill Gates, Mark Zuckerberg, Steve Jobs and the rest. You will notice that they started from scratch with virtually no money but they invested their little resources and time equity in building a business; and today, they are billionaires. So if you have little money or excess money; my advice is “start a business first and let your business buy your investments.

As a final note, I want to state that the opinion I expressed above is not the only answer; you can equally seek out answers and financial advice that best suit you. But whatever business opportunity or investment product you decide to invest in; make sure you first invest in yourself because it pays in the long run.