Making Your Money Work for You

With interest rates being ridiculously low you may have noticed you are not getting such a good return, if any return on your money, I know I definitely have noticed the lack of interest I get on my hard earned life savings. Instead of getting down on this situation though I needed to think of a way to make my money work harder for me, so I initially began looking down the traditional route of managed stocks and shares. I looked at putting 25 percent of my savings into managed funds, which might suit some investors, however, the returns on these were not guaranteed and it was more of a long term investment of at least 5 years, and this is not what I was looking for. So, I decided to look outside the box for ways to make more from my money and make it work harder for me.

I had heard many years ago about investing in start up businesses and thought this was interesting, especially if I could help someone and help myself at the same time. So, I started to do my research, with regards to how much I could invest, what I could get back and so on. After weeks of speaking to banks, other businesses and start-up enterprises I decided I would invest and become an angel investor. I would invest my money into a new business and get the money back with interest when the business started turning a profit. I decided to go down this route as I have owned and run businesses before so know what's needed to make them work and turn a profit.

The decision to invest in new small start up businesses was taken 12 months ago, and since that day the business has been in business, and in profit for 8 months, which is very good, for saying we are in a recession. The business is a furniture shop and has its own niche which has helped. To make my money and my savings work harder for me, I had to work out the risk and reward with each option. Like with any investment of your money it's always wise to know the risks before you commit to anything. In conclusion I know I like to take calculated risks, so investing in a start up business was the right choice for me. Investing in this manner meant I was in control of my money and that I could decide what rate the money would be paid back and when.

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