Lets Think Money

Now, lets get started in our first article of the blog. 

There are numerous ways you can invest money, and which method you choose will depend on your goals, the amount of money you want to invest, and how long you want to invest for.There is no risk-free investment strategy, so learning about different ways of investing is important before putting your money anywhere.I am going to state a couple of the best ways to invest your money.

Investing in buy-to-let properties is one of the best things to invest in right now in the UK to make a long-term passive income while avoiding potential risks.You can earn money from investment properties through many methods one method is;Rental income, where you collect rent from tenants living in your properties.This is very beneficial because it provides you with a consistent monthly income, which you can earn without doing much work, if any.You can earn rental income as soon as tenants move into your property. With the high demand for rental properties we are currently seeing, matched by a low supply, this is likely to be a short wait. The Guardian has stated demands have risen by 23% in a year alone which is the best way to get started.

Next, if you are looking for a safer way to invest your money then a savings account is for you!By putting your money in a savings account, you do not need to worry about whether it will generate additional profit. This way, you are free to do other things, unlike with stocks or cryptocurrency. Savings accounts are also popular with investors as you get a tax-free allowance for the interest generated from them. If you have not used your Personal Allowance of £12,750 on wages or pensions, the money you make from savings accounts can go towards this.On top of this, you get a £5,000 tax-free allowance as a starting rate of savings, so you can earn a sizable level of returns without needing to worry about tax, unlike other forms of investing.Savings account are great for no matter how little or how large the amount of money you are saving is. You are saving it with a purpose which is all that matters.

Overall, the best investment for your money right now would be Buy-to-let investment properties that can bring you both a consistent cash flow of passive income as well as a large single payout thanks to capital appreciation, something no other single form of investment can match. However,with this in mind, it is probably the case that property is the best investment for your money right now. Additionally, the best place to put your money into is to open a savings account.This way, your money is safe and secure while you do your due diligence and research, while accruing interest and earning you more money. This allows you to wait until you are ready to invest before you have to put your money anywhere.However, if you're ready, property investment is a fantastic option for those who wish to make the most of your funds through rental returns and capital appreciation. I hope this short article has opened your eyes about the easy potential ways of making a little bit of money to a big bit and we are just getting started here at Think money.