Where Should I Invest 50000?

Where Should I Invest 50000?

This is the commonest query that people ask me whenever I go or first time meet someone. People have money to Invest but they don’t know that where to invest? Well, if you have 50000 to invest than you should invest in following things step by step.

01) Invest in your own Financial Knowledge -

Investment in knowledge (Financial) is the best investment which gives you the best returns in the long run. So if you have 50000 to invest, buy some good Personal Finance, Business & Investing books, Audios & Videos. Whenever I have spare money to invest, I give Personal Finance Books the first investment choice.

Every time, I read new Personal Finance Book, I learn something new about managing money which gives me returns in the long run.

02) Invest in your own Business or in a Business on which you have at least some degree of management control -

This is my second best investment. Whenever I have spare money, I first of all Invest in my own Financial knowledge and later on invest in this Blog, My own Internet Business. The Business on which you have full or at least partial degree of management control can give you much more returns than the Business on which you don’t have any control.

03) Invest in those Assets which you understand the most -

Most of the people can’t make money from the Investments because they invest in those assets which they don’t understand. While successful Investors are those who invest only in those asset classes which they understand the most. Say for Example, a Property Auctioneer will primarily invest in the rental properties while the Internet Entrepreneur will primarily invest in Premium Domain Names. If you understand mutual funds more, Invest in mutual funds.

Thus, all of the above are the 3 basic rules of Investing. Invest according to these rules and you will always make money from your Investments…!!!