Mika
VIP Contributor
Generally speaking, there are four ways to make money.
Working for a company (job)
Freelancing (working independently)
Starting a business
Investing
A job can give you a good income and also financial security, but it does not allow you to build a fortune. It is difficult to build a stable income source through freelancing. Starting a business will allow you to make a lot of money but you will have to work really hard to build the business.
Investing means you invest money in various companies, businesses, markets, etc., and earn profits from your investment. If you want to make money from investment, you can start investing in
Share market
Mutual funds
Real estate
Startups
Businesses
Companies
Cryptocurrencies
Forex, etc.
The options are unlimited. However, what is the best way to profit from the investment?
It depends on what options are available to you how much money you can invest, etc.
For example, if your country allows you, you can buy USD, Euro, Pound Sterling, Yen, Yuan, etc., and hold until the value of these currencies appreciate. You can then sell these foreign currencies to make a profit. You can profit from foreign currencies when the value of your country’s currency depreciates compared to the USD. You profit from foreign currencies when the economy of your country fails. This sounds sad though.
Working for a company (job)
Freelancing (working independently)
Starting a business
Investing
A job can give you a good income and also financial security, but it does not allow you to build a fortune. It is difficult to build a stable income source through freelancing. Starting a business will allow you to make a lot of money but you will have to work really hard to build the business.
Investing means you invest money in various companies, businesses, markets, etc., and earn profits from your investment. If you want to make money from investment, you can start investing in
Share market
Mutual funds
Real estate
Startups
Businesses
Companies
Cryptocurrencies
Forex, etc.
The options are unlimited. However, what is the best way to profit from the investment?
It depends on what options are available to you how much money you can invest, etc.
For example, if your country allows you, you can buy USD, Euro, Pound Sterling, Yen, Yuan, etc., and hold until the value of these currencies appreciate. You can then sell these foreign currencies to make a profit. You can profit from foreign currencies when the value of your country’s currency depreciates compared to the USD. You profit from foreign currencies when the economy of your country fails. This sounds sad though.