Investing cash allows you to receive passive income from the deposit. This is the dream of many employed and businessmen. But it takes time and a lot of effort to become a millionaire through investment.
Instructions
Step 1
Start saving money. The sooner you start doing this, the faster you will come to a million dollar capital from your investments. Of course, it all depends on how much you are getting at the moment. But remember the fact that absolutely all people have to give money for housing, food, clothing, rent, etc. First of all, pay yourself with every salary and income you receive. How much to save is up to you. The recommended investment figure is 10-20%. More is better. But do it constantly from month to month.
Step 2
Create multiple sources of income. You can start investing faster if you have more cash. There is no need to explain. Increase your ability to earn more by creating new streams of cash. This can be a part-time job, seasonal sales (furniture, vegetables, clothing), bonuses for additional production, etc. Also, a great option would be to open your own business. Keep it small but stable. The main challenge is to save as much money as possible.
Step 3
Invest in mutual funds, bonds and stocks. As soon as you have more free capital, start investing it every month at a certain percentage per annum. If you are a beginner, invest in mutual funds and bonds. This is the least risky type of investment, which gives a fixed percentage: 15-20% per annum with a deposit of 1 year or more. The profitability of mutual funds will increase if the invested funds are not withdrawn at the end of its closure. That is, 3-5 years will be enough to reach the level of a millionaire, if you invest 25,000-30,000 rubles on a monthly basis.
Step 4
Place your money in trust on the Forex market. This is another way to increase capital, but it is more risky. This type of investment can give up to 100-150% per annum of the initial deposit. When choosing a company, be guided by its profitability, reliability and history of deposits. If you also invest 30,000 rubles every month, then with a favorable outcome, you will become a millionaire in 1.5 years.
