Making Your Money Work Harder For You

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Whether you have profits from a business that you want to grow or are looking to create a nest egg for your personal use, you must put your money to work.

That’s right, leaving it in savings accounts or even worse, under the mattress may feel secure, but you could be losing out.

Instead, consider setting your money to work by investing it. A subject you can read all about below.

Mutual funds

An excellent way to make your money work harder for you and begin your investment journey, a mutual fund will add your capital to others’ money and use the total amount to give you more buying power.

The great thing about mutual funds is that they are diversified and so are lower risk than other types of investment, and they can be a lot cheaper to trade-in.

After all, you will only have a single trade fee, and you can negate even that if you buy direct from a fund company.

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Contracts for Difference

You can also use CFDs or Contract for Difference investing to maximize the return on your money, ensuring it works as hard as possible for your future self.

CFDs function as an instrument that lets you trade assets without actually taking ownership of that asset.

With Share CFDs, what you are trading is whether you think their value will rise or fall from when the contract opened.

Of course, things are a little more complicated when you get into it, and that is why many people choose to carefully research how CDF shares work before they invest their hard-earned money.

After all, a return on investment is never guaranteed, but understanding how the different types work and the Market can help you make the best decisions possible.


Bonds can be a fantastic lower-risk way of making your money work harder for you. This is because they can be bought for as little as $10, and even the government offers bonds, which of course, have an excellent chance of paying off in the long run.

In a nutshell, bonds are all about raising capital for businesses or securing their debt.

It is a service that is unlikely to go away anytime soon, making bonds a reliable, if slightly less-profitable way to invest your money.

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There is a massive difference between the fast buck appeal of penny stocks and longer-term stock investing, with the former being far riskier than the latter.

Of course, this means that it’s vital that you carefully consider the type of stock investments that will suit you best.

In particular, watch out for the fines that too much day trading of penny stocks can incur. Instead, a longer-term approach can yield anything up to around a 9% profit on your original investment. Although you will have to make sure that you can hold onto your stocks until they are on the up, which could be anything up to or over ten years.

Final thoughts

While investing your money never guarantees a profitable return, it certainly can allow your capital to work harder for you than even the highest rate savings accounts.

How are you making your money work harder for you? Share your favourite investing tips below.

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About Lauren Kinghorn

Visionary Digital Entrepreneur ► Heart-Centred Influencer | Plant-Based Enthusiast | Speaker | Writer | Course Creator | YouTuber | Podcaster * Come join me at Wealthy Affiliate *

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