There are ways one can make lots of money in different ventures,the leverage of growing the money through online avenues like affiliate marketing,crypto and forex trading and lots more that one cn engage in.
Where should people with low income invest?
- Thread starter HK World
- Start date
People with low income can invest their money in forex because forex is a very good venture at which you could invest very small amount of money and you will make huge profit if you know your way around it.
On a very honest note, people with low income should just respect themselves and stay off any form of online investments, because the risks are too high and they could lose out easily if care is not taken.
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If you are a person that is having low income then you should be looking for something that has low risk then build up the income for something more risky in the future like bonds and securities.
I don't think people with low income can consider any investment at all because with the small the person cannot start any business, so for me I don't really know the kind of business or investment the person should go into.
Online investment is not really good got low income earners because it's very risky and alot of them due to such have been discouraged about any form of investment both online and offline.
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We all know that investment is a risk put, so if you are having a low income and want to invest, it is not adviceable for a low income earner to start investing online, because once he loss he can get frustrated and think he is a loser.
There are a lot of exchanges and brokers that can allow you to invest in stocks with very little as $10 and I think that is where you should be looking into if you do not want to be exposed to.
Personally offline is the only best and available option for people with low income to invest because there will be no need or Less need for high technology and constant activeness.
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there are several low-risk business in which people with low income can invest on and make some good profit from it. A business like grocery business can probably fetch anyone good amount of money if you are in a very good location. I wouldn't advise anyone with low income to venture into any online investment
Yes people with low income can invest their money Into business so that they can as well starting getting small small money so that they can go into bigger investment, like investing the money into cryptocurrency.
If you do not have so much money in order to make any substantial investment then looking out for people who have and forming a partnership with them is something you should be looking to.
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If really you do not earn much income, it is really adviceable to save a little first before you should go into any investment, cause if you do not have the strong mind to loss and maybe you failed, it will discourage you much.
Online investment is not a very good option for low income earnings most especially someone who wished to be good at run business because you may end up losing your investment fund. better engage in offline or anything else.
People that have low capital should rather not think of investing the money in anything because there is no reasonable investment that will need a low capital. The only profitable Investment I know is real estate and that is how you can be able to earn a reasonable profit. Other investment are not profitable except maybe in cryptocurrency.
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There are absolutely so many places where people with low income could invest their money and this place is very impressive and lucrative. Example of such investment is Forex, but first, you need to have good knowledge around it.
Cryptocurrency is an investment that is not going to promise you millions of dollars in a year but then if you are patient even with little amount of money it is the best.
That will be dependent on what rates of income you term as low income in your books. But, generally in investment, you should invest in businesses you already have a prior experience or knowledge on to make your risk less.
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One business I have been thinking of investing my time and resources on recently is Amazon Kindle publishing. It is a very profitable business venture and you can probably make money even if you do not know how to write a book. You can hire people on different platforms to write for you and with right knowledge you will probably make a lot of profit in the long run.
Definitely I won't advise anybody who do not have much money to go into investing online,rather I will appreciate it if the person runs a petty business and get daily income
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