We could all do with an extra source of income in 2014, which is why finding lucrative opportunities is currently at the top of most peoples to-do list. Still, we’re living in a rather uncertain world at the moment, and many US residents are a little hesitant when it comes to parting with their savings (understandably). Truthfully though, this is the only way of creating a new, innovative income stream that’s guaranteed to support yourself and your family for generations to come, so it’s something we’ve all got to deal with.
Over the last few weeks, I’ve been doing some research online for a friend of mine who’s looking to invest all his own savings in the next 12 months, which is why I’ve decided to write this post today. Currently, this account balance is around $15,000, and so all the suggestions I’ll make in this article are taken from my own research and can be realized for this amount of capital or less. Who knows; you might find something that interests you, but even if you don’t, at least you’re actively seeking out solutions to your financial issues, which is a lot more than some people are doing.
1 – Start A New Business
This is one of the most popular ideas for making money in 2014, mainly due to the fact that many multinational corporations have recently collapsed, leaving room for thousands of new, smaller firms to attack the markets. What you decide to do will be down to your own innovative ideas.
2 – Invest In A New Business
Don’t worry too much if you can’t think of a business idea of your own. Because of the sheer amount of young companies around nowadays, you should have no trouble finding investment opportunities that could well provide a positive return very quickly.
3 – Join The Stock Market
Most people have this misconception that stock market trading is difficult, when in fact, it’s incredibly simple for rational and logical people. All you need to do is keep a close eye on the news and various tips websites, and you could be making a healthy profit in days.
4 – Buy Precious Metals
Gold prices may have decreased slightly recently, but it’s almost certain they’ll rise again in the near future, so getting in touch with reputable companies like Rosland Capital Gold could be the best move you’ve ever made. They’ve got a reputation for looking after their clients and providing the best advice in the business.
5 – Get A Better Job
Of course, if none of the solutions above appeal to you, then it might be worth holding onto your savings for a while and concentrating on getting better paid employment. Perhaps you might consider retraining at college for a different industry, or maybe even asking for a promotion at the place you currently work.
Well my friends, I’m sure you’ve now got some great ideas that could really improve your financial situation considerably in 2014, and I wish you the very best of luck with whatever you decide to do come January.