There are many ways where you can invest your hard earned money. We only need to have proper knowledge and study these ways so that we will know what are we doing. Because of lack of proper financial education, many people fall into scams. They don’t know how to invest their money in legitimate ways. I think you encounter some scam sites in the internet where their offering a big return just like 30% in one month. Its obvious that these kinds of investments are scams. When you know where to invest your money in legal ways, it will give you better returns in the long run.

Saving and investing money always works in both ways. You need to save first your money before you can invest. It is best to have a savings for emergency cases, all the excess you can invest in money making investments available nowadays. So going back, where you can invest your money? Investing is a tool to make your money grow. The following list are some ways where you can invest your money.

1. Stocks

Investing in stocks is one of the oldest ways on where to invest your money. Stock is the share of ownership of a publicly listed company. You need a stockbroker before you can buy or sell stocks. When you invest your money in stocks, keep in mind that this involves high risk because stock market is very volatile. You can lose your money when the stock market fall down. Many people use the concept of leveraging when investing in stock market in order to minimize the loss.

2. Mutual Funds

Mutual fund is a pool of investment from different investors. Mutual fund is professionally manage by a mutual fund manager. It is regulated and oversee by the Securities and Exchange Commission. When your decided to invest your money in mutual fund, you must choose first an investment company where you will open a mutual fund account. There are many types of mutual fund depending on where it is invested. The types of mutual fund are Equity, Balanced, Fixed-income and Money Market mutual fund.

3. Time Deposit

Another way to invest your extra money is to put it in time deposit. It will give you higher return than a regular savings account. Your money invested in time deposit will surely give you profit and it is insured. You will not worry of losing your money.

4. Business

If you have excess money, you can invest it in business. Business can be franchising or establishing a new business. Franchising business is easier to do than putting a new one but there are few limitations.

Reading lots of books and articles about how to
become millionaire, I discover that most of the
millionaires are preparing budget to control
their cashflow.

Even I know how to prepare a budget for my daily
spending and know how budget is so important to
control my money, I do not like to prepare budget!

I just do not like to prepare a lot of paper work
just for controlling my expenses.

Yes, there are lots of software that I can use
to prepare my budget, but to me, it still requires
me lots of time and work to prepare budget.

However, if I want to become a millionaire, how should
I control my money without prepare budget?

This question comes in my mind quite a period, and
finally find out how to control my money.

Answer is simple.

What I do is just ready 100 bucks for one week
expenses. In other words, every week I can only
spend 100 bucks.

This trick is simple and everyone can apply
immediately. In one week, I can spend this 100
bucks to buy everything I like, to eat and use for
any expense, as long as I don’t over spend this
hundred bucks.

After I apply this simple trick, now I don’t have
to prepare any more paperwork and at the same
time, I can control my cashflow without over
spending.

But, sometimes I still cannot control my spending
for hundred bucks in one week. This is mainly due
to some emergency cases.

For this reason, I set up another limit, there is
every month when I receive my monthly salary or
other incomes, I will transfer part of my money
into another saving account.

The main purpose of this saving account is I only
can use the money from this account for my monthly
spending.

This is my simple way to control my cashflow.

If you like me, who want to control your money
but lazy to prepare your own budget, then these
two simple tricks could help you control your
money without prepare any budget.