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How to Invest and Make Money for Your Early Retirement in 3 Ways

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How to Invest and Make Money for Your Early Retirement in 3 Ways

Have you ever imagined of retiring early? It’s one of the BIG questions that some young adults ask themselves. In this content, we’ll talk about how proper investments can make solid money that will help you retire early and secure your financial life.

Why Invest? There are many factors that drives an individual to invest whether short term or long-term, but the major reason that I believe influences our desire to invest is our income and our future family.

When I was 18 years of age I started to follow the traits of my father who was local cheese bar tender. He used to take me to investment clubs where he was a member and it really build my confidence of having a stable investment. By the age of 23, I had already acquired a lot of skills on investment which led me to join relevant investment clubs.

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If you would like to make money and retire rich without any debts, then I’d encourage you follow these tips.

1. Invest in Real Estate

Real estate is one of the lucrative investment platforms that can make you or destroy you. If done correctly you can start to the benefits immediately but that will depend with your initial capital.How do you make money from real estate?

From my own personal view, I’d suggest that you build an apartment that has 10 units and of each 10 units I’d suggest that you charge $1000 each unit.  When you do your calculation, you will see that you will make $1000 x 10units = $10000. From my own perspective, $10000 good money to make on a monthly basis.

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2. Investing in IRA (Individual Retirement Account)

Another area of investing that I’d recommend is the IRA. At this point I’d advice that you invest at least $5000 in IRA under Drip Account. Drip Account is a popular and safe investment portfolio under IRA that that provides high value of money with less commission. If you contact any professional investor, they will propose that you invest in IRA.

3. Invest in the Stock Market

This could be touch and go so studying up on the stock market is highly recommended.  It can be a very profitable market but very risky portfolio, if done badly; you’ll end up losing all your investment. If done well, early retirement will be your reward.

My advice and approach

When I was doing my project in stock market, I realized that the best way to make money and hold your investment tightly, it would be by investing in penny stock. You can make some nice earnings by holding 1 – 2 stocks and the results would be awesome. But you really need to be careful with the market conditions based on demand and supply.

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For you to succeed in this industry, I would suggest that you get a certified professional investor who will take through from the start till the end. Most professional investors who are skilled in trading stock are very hard to hire because their return on investment is high.

When you follow the above 3 tips on investing and making money, I can really assure you that when you retire, you’ll have a secure life in terms of wealth.

Now it’s your turn

We hope that these few helpful tips can help you get started on the path to early retirement. Implementing the strategies, and the provided information will help you in building your wealth both for yourself and your family.

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If you want to build a proper investment portfolio, then I’d vouch for the 3 tips. If you have any suggestions or investment tips to add to this, leave your comments below!

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Last Updated on January 27, 2022

5 Most Affordable Australian Cities For Students

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5 Most Affordable Australian Cities For Students

With high standards of education, a multicultural community, and laid-back lifestyle, it’s not hard to see why so many students love Australia. However, one thing Australia is also known for is being the world’s most expensive country to study in as a foreign student.

For those willing to look beyond popular cities like Sydney or Melbourne, however, study abroad doesn’t have to be unaffordable. Check out these five more economical cities that still make for great student living.

1. Gold Coast

If you’re looking for a more affordable place to buckle down and study while still enjoying glorious beaches and a vibrant nightlife, the Gold Coast is an excellent choice. While it has no shortage of restaurants, cafes, bars, and natural attractions, the city is also well-known for its quality of education.

Gold Coast is home to Bond University, which has Australia’s highest rating for overall graduate satisfaction, but also some of the country’s highest tuition fees. Fortunately, it hosts campuses for Griffith University and South Cross University as well, both of which have affordable options for international students.

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When it comes to off-campus accommodation, there are plenty of choices, from shared housing to homestays. Real estate sites like Flatmates can be useful for finding options within your budget.

2. Wollongong

Wollongong’s close proximity to Sydney (80 km) makes it a popular choice for students who can’t afford the high cost of living in Australia’s largest city, but still want to experience all that it has to offer. Wollongong itself is a lively city as well, and is rated as the country’s most livable small city thanks to its gorgeous beaches and lively city centre.

The University of Wollongong is one of Australia’s top universities, with a comprehensive academic program, international research reputation, and high graduate employment rates.

Due to a lack of on-campus parking, most students prefer to walk, cycle, or use the free bus service that operates between the university and city centre. Living costs are quite reasonable in Wollongong, and sites like Gumtree can come in handy if you’re looking to split housing costs or even score some second-hand furniture on arrival.

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3. Hobart

Hobart is the capital of Tasmania, the second oldest city in Australia, and also the cheapest city for university students to live in. While it might not be as happening as cities like Gold Coast or Brisbane, its striking natural beauty and slower pace of life make it a great place to block out distractions and focus on studying.

The Hobart Universities sector is based on a single institution, the University of Tasmania, which is consistently rated among the top ten universities in Australia and has a large population of students from abroad, with more than one in five students being international.

Although public transport in Hobart isn’t as convenient as could be, there is plenty of student accommodation available to make up for it. Students often live in shared houses near the university so they can simply walk to class. If you’re looking to rent a shared house or room in the area, Easy Roommate can be a good place to start your search.

4. Adelaide

Of Australia’s major cities, Adelaide is the cheapest to live in. That, along with its spacious layout, clean and green atmosphere, and beachside attractions make it a great place to live and study. It’s also regarded as the food and wine capital of Australia.

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Adelaide has three universities, including the University of Adelaide, which is ranked in the top 1% of universities worldwide; the University of South Australia; and Flinders University. Its integrated bus, train, and tram transportation system connect all parts of the city and make it easy for students to get around.

Naturally, the cost of accommodation is lower outside the city centre, and depending on which university you’re studying with, the outer suburbs could be more convenient as well. Check Study Adelaide for information on a range of student accommodation options, from independent living to homestays.

5.  Brisbane

Brisbane is the capital of Queensland and Australia’s third largest city. Unlike Sydney and Melbourne, it’s known for being one of the most affordable cities in Australia, which makes it a good choice for students. It’s also known for its pleasant subtropical climate and wide range of entertainment options.

Brisbane has three major universities: the Queensland University of Technology, the University of Queensland, and Griffith University (which accepts the most study abroad undergraduates). The inner city is well-connected by public transportation, although cycling is popular as well, and there are plenty of cycle paths that make it easy for students to get around this way.

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Students typically live in and around the inner suburbs, where the bulk of Brisbane’s teaching facilities are located. If you’re looking for convenient accommodation off-campus, you can check sites like Urbanest or The Pad.

Featured photo credit: Bhavesh Patel via unsplash.com

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