Little capital investment but almost zero risk

Currently, most people have two ways to accumulate wealth. The first is to keep it in the bank, mainly in cash; the second is to choose to buy a house and invest, so that family assets are preserved, or even profitable… Many people buy houses and invest to preserve value, then have a small amount of cash available. to prepare for emergencies.

Currently, this approach is much more outdated than it used to be.

Saving money is like “throwing money out the window”

First of all, cash is now inevitable the reality of less and less value.

Why does cash depreciate? The explanation for this question can be encapsulated in one sentence: “When the money supply is too much, money will increasingly depreciate”. Many people may not understand why this is so. For a better understanding, a specific case can be taken as follows. For example, the total amount is only 10,000 VND while there are 1,000 items left, the price of these 1,000 items is 10 VND each. But if the total amount is now 20,000 VND and the goods are still 1,000, when you want to buy goods, you have to pay up to 20 VND more.

Compared with the past, this fact can be clearly seen. We make more money, but at the same time, the prices also go up, so even if we have a lot of money, life is not necessarily better.

It can be said that for cash, devaluation is a very normal thing. So keeping all the cash on hand is an unwise choice, keeping cash means waiting for your assets to slowly depreciate.

Smart investments help assets grow quickly. Photo: Lastestphonezone

Real estate is no longer a wise investment

As for investing by buying a house, it was certainly a very good direction in the past, but now, the real estate market has had great fluctuations. Because in the past, house prices increased very quickly, so after investing and buying a house, after two years of waiting for the price to increase, you can make a profit from it.

But right now, housing prices are already very high, which can be seen from the house price-to-income ratio. The so-called house price-to-income ratio is the ratio of a family’s total housing price to that household’s disposable income. Currently, especially in urban areas, apartments are very expensive, not to mention real estate. According to calculations, many families even take more than 20 years to have enough money to buy a house, provided they do not spend any other money.

Therefore, currently, investing in a house is not advisable, the risk when investing in buying a house is much greater than before, and the profit earned is also reduced compared to before. A bank president also bluntly said: “House and cash will depreciate in 10 years, and you will feel safe with two things in hand.”

Two things you should have a firm grasp on:

1. Knowledge

In this day and age, many people have made the mistake of thinking too much and reading too little.

Many people plot opportunities, do big things, and make money, often ignoring an important condition, which is education. Speaking of the word “reading”, many people are now falling into the “dead cycle” of reading textbooks.

In life, most people think of reading books like reading books like math, English, history… They have never thought that the world is so big, there are many shapes, The book is also full of genres, why not expand your knowledge?

2 profitable investments, anyone can try: Little capital but almost zero risk - Photo 2.

Knowledge is an investment that never loses. Photo: Purplecrest

According to Pew Research, the average American reads about four books a year. Even a quarter of those surveyed have not read even a single book. In contrast, successful entrepreneurs read up to 17 books a year on average. More specifically, Bill Gates is out of the rankings because he reads 50 books a year. In other words, he reads one book a week.

In an interview with TIME magazine, the Microsoft founder said that reading more than an hour a day was an important factor in his success. “Every book taught me something new or helped me see things differently,” Gates said. “Reading ignites a sense of curiosity about the world, and it has helped me move forward in my career.”

2. Relationships

Entrepreneur Jack Welch once said, “What a person tells you behind your back depends on the quality of the last meal you offered them.”

Inviting others to a meal is not worth the money. But for a poor person, it’s a big sum. After all, a meal in a large restaurant can cost several hundred, even several million dong.

It is natural for the rich to invite the poor to eat. It is rare for the poor to invite the rich.

Really wise people will not manage wealth and poverty, but focus on reciprocity in society, absolutely not eating or drinking other people’s food forever. When necessary, invite others to eat a meal, both expressing gratitude and increasing affection.

The debt of gratitude is the hardest thing to pay, and also the most practical. When the poor interact with the rich, they may not be able to use material things to flatter them, but can only treat them with sincerity.

Believe that people are willing to help you not because they like your money, but because they see your dignity, feel your spirit.

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