How can I put the little money I have to work?

How can I put the little money I have to work? Topic: News and media research companies
July 15, 2019 / By Rosie
Question: Ok, I have always been fascinated and interested to find ways to have my money make money. For starters, I dont have much money to work with (less than 5,000) but I am sure there are still ways out there where I can increase it besides earning it from working. Dont get me wrong, I love working but I would love to see my money make money at the same time. I currently have 2 accounts with Bank of America, checking and savings accts (keep the change). Is there any other accounts that may be in my best interest to look into. Or, are there any other cool investing tools worth researching? Thanks for the time and patience.
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Best Answers: How can I put the little money I have to work?

Myrtle Myrtle | 4 days ago
My knowledge of this stuff is abstract - from textbooks and magazines and such - rather than practical - 'cause I have no money to invest. But this is what I do know: Warren Buffet is buying stocks right now. Probably commodities, too. This is his investment advice, paraphrased: "When everyone else is afraid, buy. When everyone else is buying, be afraid." Because most people tend to buy high and sell low, which is a horrid investment strategy. Normally I like the idea of revenue-producing investments (such as bonds, preferred stock, windmills even, stuff like that). But since the price of stocks and commodities is so low right now, it may be a good time to invest in things like that, that yield capital gains (i.e. they make money only when you sell them). Like, the price of General Electric common stock is incredibly low right now. Assuming that GE survives the economic crisis, one day the price will rebound. If you bought it at a low price, then you make a lot of money on that future date. This approach *does* carry risk. But high risks tend to yield high payoffs (or losses); low risks, low payoffs (or losses). That's a basic rule of investment. Your investment strategy should be a ratio of high risk, medium risk, and low risk. That ratio should depend on your age, especially if you are saving for retirement. If you're in your twenties, your portfolio should have a greater percentage of high-risk investments. If you're in your fifties, high-risk should be a small percentage of your portfolio. The logic behind this is that young people can lose more and still rebound, but yet have the potential for greater gains while they're not making as much money at their jobs. Assuming that you're on the young side, you might want to look at small cap mutual funds - they are higher-risk funds that invest in new small and medium-sized companies. If you want to be more conservative with your investments, look at large cap funds - I think they may be a better idea anyway right now due to the low stock prices of large, old companies (such as GE). Since mutual funds are just a way to invest in stock with the intermediary of an investment banker, it carries greater ease. Mutual funds do tie up your money, however. I'm not sure if you have to pay taxes on their gains each year or not. And many mutual funds have minimum investments - from $200 to $20,000. Also, I don't think it's a good idea to tie up ALL your money in ONE mutual fund. You may even want to try to find one small cap and one large cap with low entrance minimums. Also, if you're not a homeowner and you don't have to be highly mobile for your career, it's an excellent time to invest in real estate. It's a real buyer's market out there.
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Myrtle Originally Answered: My 7year old is having problem learning how to count money I have her work on a Money book but she has no?
First of all M H has really good advice. I too am a teacher, Jr. high math and Math improvement (like title 1). I see kids that are in 3rd grade that are still learning this. This is very difficult for children to learn. let her know why she needs to learn this. Don't stress her out about it though. If you make counting money common in your house she will pick it up. Hopefully she will learn counting money again this year at her new school. A second grade teacher in my school uses money as a reward system (fake money) and when they do a good job they get money, when they get in trouble or forget things they have to pay. When they get so much money they get to buy a pencil or eraser. Now I'm not saying that you have to come up with a reward system to teach her how to count, but if you give her other opportunities to count without it being homework or schoolwork she will be more apt to learn it.
Myrtle Originally Answered: My 7year old is having problem learning how to count money I have her work on a Money book but she has no?
I teach first grade, and this concept is very hard to learn. The way I have taught my students is to arrange the coins from most value to least value. For examples lets say there are 3 dimes, a nickel and 2 pennies. Line the dimes up, then the nickel and then the pennies. Then have her count the dimes by tens. Have her touch the dimes. So obviously she would say 10, 20. Then before she touches the nickel, make her stop and say, "Now we are going to count by 5's because we are touching the nickel. When we count by 5's what comes after 20?" She might then count by 5's to answer if she is not strong in skip counting. Either way she will say 25. Then you do the same thing but with pennies. Tell her, "Now we are going to count by ones since we are touching the pennies; what comes after 25 when you count by ones?" I would suggest starting off with nickels, and she gets the hang of that go onto dimes and then after that to quarters. Also keep in mind that some kids need repetition before the light bulb goes off. However, if they see you getting frustrated they will close off. My suggestion is if she is having problems with this just work with it a couple moments a day (like 30) and find a way to make it into a game and then maybe give her a treat. Also explain the importance of learning the concept. We learn more when we know it is important. Overall, it is a lot of patience involved in teaching.

Lorelle Lorelle
There is not one single investment today that is generating any returns. Even the riskiest are not making much money. Because so many people are defaulting on the risky debts. Since you can only get 2% on a 5 year bank CD, that doesn't work for you. You would have to find a local business that needs a bank loan but can't get one. They would gladly pay you 9% interest for your $5,000. That is how you can put your money to work..
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Kat Kat
Most of the time I do. Not at any time when tho, a few days I see the little purple kettel a dozen instances, I might cross broke. At this time of 12 months, I more often than not positioned cash in no less than four instances every week and a few days I positioned cash in three to four instances an afternoon.
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Kat Originally Answered: Does anyone know of any reputable part time work at home jobs, that do not cost money to make money?
Your looking at making about minimum wage. Is this sufficient amount of income for you? If so, I can give you a web site where you can apply for a home job. If your married, your paycheck is going to go into their gas tank, as well as in yours for basic things that you still will need to drive around for like grocery shopping and a variety of different things. But if this is all you need to make, I can give you a web site for a call center. I don't know what their requirements are though. If you really want to work from home, and want to make a sufficient amount of income, then I suggest you get involved in a own home based business. There are many different kinds of home based businesses to get involved in like Child Daycare Centers, Catering, Telecommunications, Candle Making, Travel, Health etc. Most home based business cost under $500 to start. Depending on what you want to get involved in doing. Home based businesses have the same income opportunity as a tradition store front business like a shoe store, Subway etc, but you don't have all the over head expenses as you do with traditional businesses. Just about everything in your home, becomes a tax write off. Like your phone, computer (if you have one) car expenses, some food, utilities etc. Things that you use on a daily bases all become tax write off's. When you first start in a business, understand that you don't make money off the bat.. You have to build it up. No matter what business you get involved in. The more effort you put into it and how hard your willing to work it, the faster you start making a sufficient amount of income. If you calculate the amount of hours you put into a regular job or a home "job" and the little you get paid, you would be better off getting involved in a simple home based business, rather than getting involved in a low paying job. Because you can make a lot more money and have more advantages then just a home job! In home based businesses, depending on which one you get involved in, it usually takes about 2 to 4 weeks to start making an average income. (about the same time frame as your first payroll period) Then as you keep working your business, 4 to 6 weeks to increase that income, and 3 to 6 months to be self sufficient. That is if you put the time and effort into it, and do what's needed to get it off the ground. Most people have full time jobs and run their business on the side. When their business reaches the income level they want, they put their normal jobs down and continue with their business growing. Some people don't have another job for different reasons, they just dive into and build their business. I suggest you keep your day job, if you have one, until your business reaches the income level you want. I don't know what you enjoy doing, hobbies, interests etc, so I'm not sure which home based business to refer you over to. One example of a home based business is what my wife and I have been involved in for over six years now. The business we chose to get involved in was more practical to us and something people used on a daily bases and wouldn't know what they would do without. We didn't have to worry about when money runs tight for them that they'd run to the nearest store and buy the items on sale, or have to cut back expenses and drop what I was providing some sort of service to make ends meet for them. We got involved in the Telecommunications industry. The company we partnered up with is now a 15 year old world wide company. They are the largest direct selling Telecommunications service provider in the world. They have been featured in several magazines like USA Today, Success, Fortune etc. Inc 500 also rated us the 22nd fastest growing company in our first five years. The headquarters are in Farmington Hills Michigan, Carolina, Canada, Europe, Australia. So it's a pretty good sized organization to be involved in. We offer services that people use every day and pay for anyway. Services like Local and Long distance telephone services, Internet, digital, video, VOIP, Satellite TV, and all the major cellular phone providers like Verizon, T-mobile, Sprint, AT&T, Nextell, Alltel etc. as well. How many people do you know, or know of around the world that uses one or more of these services? That's another reason why we chose this business because everyone uses one or more. It's a product and service that's in high demand and always will be for both men and women. So that's one example, there are plenty of other options as well. If you'd like more information, your more then welcome to email me at [email protected]

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