To beat the bank, if only it was as easy as saying it. There’s a popular slot game that goes by that very name, but let’s face it, gambling is no way to beat the bank or solve any of your financial problems. Instead, if you’re going to beat the system, you’ll need to either pay ball or opt for alternate and viable solutions. These days seeking out such means is a lot easier than it was in the old days. Before the advent of the internet, financial solutions were relegated to savings accounts, property investment if you had the funds, and/or investments in stocks or shares – once again only applicable to those who had the monetary means. However, in more recent years the internet has proven itself to be incredibly resourceful. The information superhighway is a multifaceted force of technology with the means to inform, entertain and enrich when it comes to aiding you in your financial decisions. In fact, even traditional banking has given way to its influence. With all this mind, let us look at three possibilities of beating the bank.
Forex Trading
There’s a lot of literature online on the topic if you want to learn more about Forex markets and trading. There’s also a fair amount of brokers out there that offer their services by way of an account and access to the various markets and financial instruments. Usually a good online broker will provide a demo account with free money to allow you to learn the basic ins and outs of currency trading. You’ll learn how to place and execute a trade. But here’s the thing, while the act of placing a trade is quite simple, the mastery thereof is an ongoing and uphill battle. This is quite simply due to the volatility of the market and the currencies that populate it. Each currency is prone to market variables which includes and is not limited to interest rates, natural disasters, economic prosperity and political machinations. This is where the real knowledge comes from and it’s what you’ll need to factor into all your trade decisions.
Property investments
The property game can be quite an exciting one and offers various ways in which to profit from it. And that’s a real drawcard; property is malleable enough to provide a number of ways to go about reaping its rewards. There’s the rental option for those with tremendous patience and good management skills. Not only can you rent out property and profit immediately, but the property itself will also accrue value as time goes on. You do however need capital and dealing with tenants can prove tedious. House flipping is another way to profit from the property game and simply put, involves purchasing property, fixing it up and selling it at a profit. It can offer really quick returns but you’ll need to have a good knowledge of the market itself. Once again the internet comes into play, this time in the form of online real estate platforms. This way your money gets managed by professionals who invest in commercial and private properties. The only drawback is that investments can run anything between 5 and 7 years.
Affiliate marketing
Unfortunately in this world there are no get-rich-quick schemes and anyone who said that affiliate marketing as an easy way out would be bypassing the truth. If done right, it can be a great way to bring in not just additional income, but the income. Think of it as your own small business or a startup, and like any business, you’ll need to make the time and put in the work. The beauty of affiliate marketing is that it can be done as a side-hustle as long as you apply yourself and set aside time each day to tend to it. It’s one of the ideal internet-based marketing plans and the way it works is quite simple: you channel traffic to a third party website and the minute someone does business at the third party site, you receive a cut. You’ll have your work cut out for you though and this will include setting up a website, overseeing social media accounts and implementing sound SEO practices. If you’re computer savvy, then affiliate marketing can definitely help you beat the bank.