Until recently, in Soviet times, it was customary to keep money at home, in a secret place. However, today even ordinary people who are inexperienced in financial matters have the opportunity to place their money in banks or invest it in business turnover with much greater profit.
At home, in a pod
This old grandfather's method, with all its unreliability today, is still used by many people who do not want to categorically entrust their finances to anyone. It is unreliable because burglaries in our country are, alas, not uncommon. In addition, keeping money at home is simply unprofitable: it is "dead weight" - it does not work, does not participate in any business processes, and thus its amount does not grow in any way.
Under the owner's mattress, money cannot avoid depreciation due to continuous inflation, which is observed from year to year in almost all countries of the world. Therefore, keeping money at home is absolutely unprofitable.
Bank deposits
The easiest, most reliable and obvious way to keep your money safe and sound, and at the same time even increase it in part - is bank deposits. Of course, there is always a risk that the bank will burn out, but in reality this does not happen every day. In addition, the reputation of the bank is easy enough to check on the basis of available information on the Internet, reviews of acquaintances, friends, etc.
There are various types of bank deposits today. The most convenient programs for savings are replenished deposits, when periodically new portions of funds can be gradually added to the initially invested amount.
The obvious advantage of depositing money with a bank over keeping it at home is that the financial institution charges interest on the initial deposit amount. If the amount is significant, in this way you can make significant money without making any personal efforts.
Invest money in business
This way of handling money can be advised only for those people who are savvy in investment issues and are aware of the existing risk of losing their money. Young business projects constantly require investors - people or legal entities who are ready to invest a certain amount in the development of a startup, in order to then receive a percentage of the profit - dividends. However, no one can predict in detail and accurately whether a particular new project will "shoot" or in a month or two will irrevocably disappear from the market, unable to withstand the competition.
By investing money in a business, you can get rich quickly, or you can simply lose it. At the same time, the possible return on investment usually significantly exceeds the income from any bank deposit - reliable, but not promising a quick capital increase.
