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10 Top Ways to Invest Your Money and Make More


how to invest your money


There are many different ways to invest your money. For married couples, this can be difficult to decide on which investment strategies to take. Some people like to go with stocks, some people prefer a more conservative approach and put their money in bonds or CDs, while others want a little bit of both and may choose ETFs.


Whatever type of investment you decide on, there are always risks that accompany them. In this article we will list 10 ways that you can invest your money for the best chance at making the most amount of profit possible!



1. Start a side hustle

Starting a side hustle is probably one of the best ways to invest a small amount of money into. This is not something that replaces your full-time job, but helps you make extra money on the side. It can be as simple as doing what you love with a part-time job or something like babysitting in your neighborhood.


Side hustle

Getting matched up with tasks on sites like TaskRabbit, Amazon Mechanical Turk, Upwork, and Fiverr are also great ways to make money while investing time into learning new skills!


You have to invest some of your own time for this one but it really is worth it if you want to start making more income without working any harder than usual.


This is a good idea too for married couples, because not only can you get extra spending cash from the second job or hobby, but you'll also keep practicing and getting better at whatever task it is.


Though the perfect side hustle may be more difficult to find, try starting out with something that you find interesting. Ariel and I started a blog as a side hustle and are now working towards making it a full time gig!


The best side hustles might include: starting a blog, buying and selling on eBay, dog walking/pet sitting.


There are so many different ways to invest your money in order to make more money.


Start a blog

Starting a blog is our favorite option (obviously!). This is probably the cheapest option out there that can actually have extraordinary gains.


Starting a blog does not mean you will start making money right away, however. To make money with a blog, you have to give it time. Blogs won't make money right away, but can take up to a year or more to start earning.


If you're interested in starting a blog, click here to learn how to get started right away!

Blogging is a great option for almost everyone because it requires so little in terms of startup costs.


You can start blogging on by signing up with Bluehost. There are also some other options like Blogger and Squarespace that require less time investment but more money upfront.


Bluehost is our favorite option, and you even get a free domain for 1-year. Sign up today.


2. Invest in stocks

Investing money into stocks is another great way for couples to start investing their money, though it does involve more risk of loss.


Stocks are usually traded on exchanges through brokers, and there are a lot of things that you need to know before investing in stocks.


If you're thinking about investing your money into stocks, it would be wise for both partners to read up on the stock market and have an understanding of how it works. It'll take some time to learn everything but once you do, don't forget what you've learned!


Let a Broker Manage your Investment

This is the safest option for any couple looking to invest in stocks. If you don't have a degree in stock investing, try letting someone who does manage it for you.


A stock broker is someone who manages your stock portfolio and picks what stocks and types of investments your money should be in.



Minimize your risk

A great place for beginners is Investopedia which has tons of free courses online all with useful information from beginner needs to advanced investors. There are also plenty of books out there like The Intelligent Investor by Benjamin Graham or A Random Walk Down Wall Street by Burton Malkiel if you want more reading material.


Always do your research before investing into stocks. I have invested money many times without doing research, and lost it because I didn't time it just right or I wasn't paying attention to certain signals.


Invest on "Red Days"

What are "Red Days"? These are days when the share price of stocks are lower than where it ended the previous day. Many times a stock that has a "Green Day" will pull back down slightly the next day.



By investing on red days, the odds of getting a green day on the next day is more likely.


Don't panic!

It's easy to panic when you invest money in stocks to immediately pull out when it doesn't go well. Try letting your investment sit for a few days and see how it does.


If you pull out at the first sign of loss, you end up sealing your loss. Stick to your guns and you might just make more money than you ever thought possible!


Don't panic, investing in stocks is easy! But it can also be hard when you invest money only to pull out right away once they don't go well.


3. Pay off your debt faster

If you have a lot of debt, try paying it off faster. You will save more money in the long run by saving on interest. With less debt hanging over your heads, you will have the ability to make more money with your investments.


The best way to save money when you have debt is to invest in becoming debt free. This is also a win for your credit rating, and it will keep you from being in financial distress.


Try to pay off more of your debt as quickly as possible; it can help lower interest rates over time.
Paying off high-interest rate debts first may be the best strategy if you have multiple loans with different interest rates.


4. Put money into an emergency fund

What is an emergency fund? It is an amount of money that you can use to pay for unexpected expenses. You should have at least three months' worth of living expenses in the bank or invested somewhere safe, such as a savings account, stocks and bonds, certificates of deposit (CDs), etc.


The thing about emergency funds is that they are there when something goes wrong with your finances - it's like insurance and gives you peace of mind knowing you will be alright if anything happens. Trust me, things always happen!


There needs to be some kind of buffer between what you make each month and how much debt you owe every month because emergencies happen all the time: Your car breaks down; your roof leaks; your house floods.


These things often cost thousands or even tens-of-thousands depending the scenario.


How much should my emergency fund be?

This depends on how much you want in there. I would try to have a minimum of $1,000. This is a good number to have because it can help you in so many different ways.

Another example would be if there was a natural disaster and you needed more food than usual-this cash could purchase groceries at the store without having to worry about using credit cards or taking out loans from banks just yet.

This might sound like overreacting, but I'm sure most people don't like living paycheck to paycheck! You never know what will happen next week, or next month.


I suggest a minimum of $1,000 if you have a hard time building up a savings very fast. This amount could be greater, depending on what you as a couple decide on.


5. Buy a home

Another great way to invest money into is in real estate. You can invest by buying a home and flipping it, or by buying a home and renting it out.


If you buy the right property, over time your investment will grow exponentially in value!

So what's there not love about investing in real estate?


One thing that I don't like about investing in this area is that you can't really control any aspect of how much profit you make from these properties. Mostly all investment happens at random which makes me anxious sometimes when I want stability for my investments.


The value of your home depends on the current market it's in and how high of a demand there is for more homes.



Rent House

If you buy a home and rent it out, you typically make money by charging a higher rent to the tenants. To make a lot of money in rent houses, you need to really own a lot.

Start out with one house, and try moving up to two and three in the years ahead.


You can choose to rent out the house for a long term, or have it as an investment property that you flip.


Flipping Houses

Flipping a house is a great real estate investment, but it can be costly. I recommend that you only do a flip if you have enough cash. Additionally, make sure to understand the process of flipping before investing your money and time into it.

The cost: Flipping may require debt financing or additional out-of-pocket investment from both of you in order to buy the house at a lower price and sell for more in the future.

I also only suggest this investment opportunity if you can take on a lot of the work yourselves. The goal is to buy a cheap home, flip it for as little as possible, and sell for more money. Don't invest if you expect to hire out all the work only to break even.


This is fun for couples to do together. It can be stressful, but I love working together with my wife doing things like this.


6. Get an education


Invest your money into online school

Invest in yourself with an education. When you invest in education, you're investing in your future and your family's future. You will be able to earn more money with a higher level of skill set and less time spent earning it because you'll have the right degree or certification that is needed for the job today!

Investing in yourself by getting an education means investing in your future.

People go back to school all the time to get a new degree, and to do what they have always wanted to do. If your current career doesn't make a lot of money, try investing in a degree that does make a lot of money.


Have a talk with your partner to see what degree fits you and if one will be able to provide while the other will be in school. Investing in an education is a great way to increase your income and decrease the time spent earning it!


Online School

If you can't quit your current job to go back to school full-time, try enrolling in an online school. There are many benefits to this, including being able to work a full-time job and go back to school at the same time. You can also choose your own pace for completing assignments since you don't have to be on campus all day like traditional students do.


investing your money into school

Online schools will help married couples continue to earn the same income as before, without one partner quitting their job. Instead of taking a hit on your income, school online allows you to work and pay for your school.


Quit your job AFTER you get your degree, unless you can afford to take the financial loss during your schooling. In marriage you should always communicate this to each other and come to a mutual agreement.


7. Start a business

This is a hard, yet possibly a very profitable idea. On the other hand you could lose a lot of money if you don't manage a business well. Starting a business is a good way to invest money because you can get more of it.

Starting your own business is risky, but if it does well then there are many benefits and opportunities for growth! Investing in yourself or investing into something that might not be the best idea could cost you everything.

The only major disadvantage is that most people do need an initial investment before they're able to start their own company.


Although starting a business requires some form of 'investment', one upside is the potential reward: You'll have complete ownership over what happens with your company's future...and potentially earn higher returns too!



What business should I start?

This could be a side hustle or an actual company. There are many different options if you want to start a business. Some ideas might include starting a food truck, an online store with clothes or other items for sale.


If you want to start a business that requires little investment money but still brings in sales then starting an online store might be the best route to take. There are many different platforms available including Shopify and Etsy that make it easy for people who have never started their own company before to get started without having risk any of your personal funds.


For those who already have some experience running businesses, this side hustle could turn into something more serious and bring down the chance of failure significantly because you will take all the feedback from customers on what they like about your products so far and use them as pointers when making new designs/products etc.


Again, starting a blog could turn into a full-time job.


A blog is a website updated with posts, usually on a continual basis. It may be about any topic, personal or professional, and can be read by people from all over the world.

You can start your own blog as side hustle to make money for yourself while also gaining experience in writing for others as you grow readership numbers.


What's great about blogging is that anyone who wants to try their hand at this route doesn't need much more than access to a computer and some ideas!


Blogging can be extremely profitable. A lot of people make over $50K a year from blogging. Many even make over $50K a month! That is so crazy!


Try it out now!


8. Invest into a special savings account

You might think that savings accounts don't really make you a lot of money, and you're right. Traditional savings account are low interest bearing accounts.


But there are other types of savings accounts out there. One type of savings account that makes a lot more money is an online savings account. Online banks like Ally and Synchrony offer higher interest rates to customers who sign up for their bank with them.


Investing in one of these high-interest bearing accounts can give your money more time to grow before you withdraw it from the bank while still having access to it whenever you need it as long as you do not make any transactions on the account within a certain amount of days each month.


You should be aware that this will also maintain some level of risk because if the bank closes then all your funds placed into this account are at risk too so only invest what you're willing.


Certificate of Deposit

This is another way of putting money into a savings account. What is a certificate of deposit?


A certificate of deposit is a type of savings account where you agree to keep your money in the bank for a specific period. For example, if I put $5,000 into a two-year CD with an interest rate of four percent and then at the end of those two years withdraw all that I had saved without any gains or losses on my part, it would be worth $5,408.00.



The disadvantage of this investment strategy is that some banks require large initial deposits (sometimes as much as $5000) which can take time to save up. The other downside is that many CDs are only insured by the FDIC within US borders but not internationally.

In addition, since they offer higher rates than typical checking and savings accounts, banks always put a hold on the money.


You can't make future deposits or withdrawals unless the CD matures at the end of the term.


The CD holder can also choose to withdraw the funds at any time, but this will have a penalty. A CD is similar to an account where you deposit your money for a certain amount of time and earn interest on it. However, if you do withdraw any amount from it, the penalty is usually a certain number of months or days worth of interest.


Only invest into a CD if you have money you're willing to not touch for a number of years.


Money Market Accounts

What is a money market account?


Money market accounts are a type of savings account in which the bank pays higher interest rates and there is no risk associated with investing that money.


A money market account allows you to store cash for future use while putting your funds into something safe. They pay more than traditional checking or savings accounts, but also require you to maintain a minimum balance or there may be a monthly fee.

Money market accounts are very similar to checking accounts, except they offer higher interest rates. You still have access to your money, and you'r earning higher interest amounts.


This option won't make you rich but long term it can bring in pretty good interest amounts.



9. Bonds

Bonds are actually like another style of savings account. You are essentially lending money to the company, which in return gives you a fixed interest rate for how often they give you your principle back.


The reason why bonds are not usually considered as an investment strategy but more like savings is because, unless it's through a retirement account or something similar, most of the time if you want to access your funds before five years have elapsed (another way of saying "before the bond matures"), there will be a penalty fee that can range from $25-100+ dollars depending on what kind of bond and how much was invested.


There are some types of bonds where this doesn't matter as much: municipal and treasury securities. Treasury Bonds typically don't come with penalties when trying to redeem them at any point while Municipal Bonds are usually tax free, but still have a penalty fee if you redeem them early.


The interest rates for these are typically lower than other types of bonds.


Municipal Bonds

Municipal bonds are issued by state and local governments. Government bonds usually have lower interest rates than corporate bonds. They also come with some risks, but the risk is worth it because they usually have a lower interest rate.


This risk is not as bad for the small investor because they have a low risk profile and are not in an active market like other types.


Treasury Bonds

Treasury bonds are a great way to invest your money, especially if you're a conservative investor. These are essentially government backed bonds that will bring in interest payments on the bond from the US Treasury Department.


Bonds in general don't make as much as stocks do, but they are more secure than stocks and other types of savings accounts.



10. IRA's

What are IRA's and what types are there?


Invest your money into an IRA

IRAs are accounts that give you tax advantages when investing. There are several different types of IRAs: Traditional IRA, Roth IRA, SEP IRA and SIMPLE IRA.


IRA's are basically just another account that you can invest your money in.


The IRA is a type of retirement plan, and it's just an investment vehicle to save for retirement with tax benefits. The most common types are: the traditional IRA which has been around since 1974, and the Roth IRA which was introduced in 1997.


The traditional and the Roth both have income limitations for contributions but they can be very lucrative over time due to their ability to grow investments without being taxed on them until retirement age or another qualified event occurs such as disability or death of a spouse in some cases.


What is the difference between Traditional vs. Roth?

This refers back to whether your money grows while it's been invested (Traditional) or not (Roth). With a "traditional" account taxes will be owed once withdrawn from an investor. So you can deposit your money and pay taxes on it later when you withdraw the money.
In a "Roth" account taxes are owed up front, but can be avoided once withdrawn from an investor.


Other Investment Ideas

There are certainly other investment ideas out there

- buying a term life insurance policy

- investing in mutual funds, ETFs, and annuities

- putting money into a retirement account like an IRA or 401K

- purchasing gold coins and bullion for long term investment purposes.


Final Thoughts

Investing your money doesn’t have to be that hard. It should be a fun experience, not stressful. But with so many options out there and new terms popping up all the time it can be tough to know where to start.


What kind of investor are you? Do you want passive or active investments? Are you looking for growth opportunities or income (a dividend)?I hope this article has helped guide you in how best invest your money and make smart choices when investing your money. Please let me know what investment strategies work for you!

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