• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, January 19, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home Business

How to take calculated risks with your spare cash

by Claire James
11/08/2020

The ability to take calculated risks is often the key difference between ordinary people and wildly successful ones. Entrepreneurs, professionals, and athletes build a life around a series of well-calculated risks that have a lopsided payoff. In other words, they do things that others wouldn’t consider to gain an edge, whether that be investing in other businesses or putting money into their own. Companies like SoFi have plenty of experience that could help you make decisions around this – be sure to look through all of the options before deciding what to do with your own finances.

This skill is critical to financial management. Much of personal finance and investment advice is based on the asymmetry of risk and return. In other words, the simple formula to managing money is to cut the downside and maximize the upside of any decision.

Here’s how you can spend your extra cash wisely without wasting another opportunity:

Invest in yourself

There’s no better investment than one in yourself. Traditional education might seem overpriced, but that’s not the only way to learn and gain new skills. Online courses, premium webinars, eBooks, and workshops are all great ways to sharpen your talents and boost your potential long-term. The downside is limited, since even the most frivolous course or useless certificate can help you meet new people and develop a fresh perspective.

Look for a group experience

The intangible value of group experiences can add a lot of value to your life. Taking part in activities with others can help ensure a healthy work-life balance, and help you create new relationships, generate new opportunities, and maintain a healthy lifestyle. There are many ways to do this, such as joining local fitness clubs, going on a networking cruise within your industry, or even online via gaming and casino sites.

Start a side venture

RelatedPosts

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

Hiring Help – 5 Tips To Help You Streamline The Onboarding Process For New Employees

Price of the Allianz shares on the stock market

Trading on the China A50

Load More

Not all businesses are complicated or time-consuming. Some just require an upfront investment and a little ongoing maintenance to generate a considerable return. The ‘Buy-to-Let’ boom was a good example of how ordinary people with regular jobs could generate wealth by taking advantage of a clear arbitrage opportunity. A small down payment coupled with a mortgage at an attractive rate and a property in a high-yield area could generate a passive return for years.

Now with the property market fading, there are other opportunities to create similar passive returns. You could consider crowdfunding a startup on sites like Crowdcube or Seedrs, investing in P2P loans, helping your friend set up an online shop, or selling digital goods through your own website. According to some estimates, nearly a third of all workers in America have a side hustle. It wouldn’t be a stretch to assume the figures are similar in other developed economies. With the technology and access available today, it’s easier than ever to invest in different streams of passive income.

Spare cash is an opportunity to take some calculated risks that can have an outsized payoff. Consider spending the money on bets that won’t have an impact on your financial circumstances if they don’t work out, but could give you a considerable advantage if they do.

Previous Post

The Fastest Cars in The World 2018

Next Post

Brexit Woes Fuel Powerful E-Commerce Platforms

Related Posts

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic
Business

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

19/01/2021
Hiring Help – 5 Tips To Help You Streamline The Onboarding Process For New Employees
Business

Hiring Help – 5 Tips To Help You Streamline The Onboarding Process For New Employees

19/01/2021
Price of the Allianz shares on the stock market
Investment

Price of the Allianz shares on the stock market

18/01/2021
Next Post
Brexit Woes Fuel Powerful E-Commerce Platforms

Brexit Woes Fuel Powerful E-Commerce Platforms

AI, blockchain and the future of insurance

AI, blockchain and the future of insurance

3 Bad Customer Support Stories Your CSRs Can Learn From

3 Bad Customer Support Stories Your CSRs Can Learn From

Latest News

Ways to Improve Your Property During the Pandemic

Ways to Improve Your Property During the Pandemic

19/01/2021
The Benefits of Double Sink Bathtubs For Your Home

The Benefits of Double Sink Bathtubs For Your Home

19/01/2021
10 Facts About Vasectomy Procedures that You Should Know

10 Facts About Vasectomy Procedures that You Should Know

19/01/2021
Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

19/01/2021
Top Four YouTube Music Downloader Apps

Top Four YouTube Music Downloader Apps

19/01/2021
Pandemic Fills The Supermarket Checkout

Pandemic Fills The Supermarket Checkout

17/01/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.