. 5 Great Ways to Invest Your Spare Money

5 great ways to invest your spare money

Spare Money


It should come as no surprise that since we have come out of the pandemic, almost everyone is searching online for how to make more from their money. People want to know how to stretch their wallets and create multiple streams of income so that they can continue a healthy work-life balance that was most definitely highlighted throughout the global lockdown. One of the most popular avenues taken to create multiple streams of income is investing, but how do you invest as a beginner?

What is investing?

Investing is essentially putting your money in one or more pots and reaping the benefits as that “pot” gets more popular, creating profit and dividends. There are a few different ways that you can invest your money and which way you choose will completely depend on how much of a risk you want to take, how old you are and how long you want to invest, and what type of investment fund you are looking at. For instance, if you are in your 20s and you are looking to invest money now so that you can retire early with a good pension fund, you are more likely to invest in stocks and shares and index funds, as you can ride out the longevity of the stock market and see both highs and lows.

Five things to invest your money in


Also known as BTC, Bitcoin was the first of many digital currencies that can be bought, sold, or traded through Cryptocurrency platforms, for example, Blockchain. A lot of people have seen great results when buying into Bitcoin, as digital currency is on the rise and doesn’t seem to be slowing down any time soon. The profits and dividends that you will get from investing in Bitcoin could set you up for a great pension fund that you can access as early as 45 years old. The starting price of Bitcoin was as little as $5 for one bitcoin and has now grown massively, earning the original buyers over $500,000 in profit. As Bitcoin is one of the most popular digital currencies out there, it’s kind of a low-risk investment, however, the dividends will vary depending on the stock market.

Small businesses

If you have any spare money and are wondering what to put it towards, why not invest in a small business at its start-up? You can help someone to grow and build their business to where they want to be, allowing you to become a silent partner or investor that takes home a percentage of the profits. This will be classed as passive income, as you will not have to do any work towards the small business to help build it up.

Your own business

There are many online courses currently being sold to young entrepreneurs who have a dream of owning their own business. What these courses fail to mention is that you may need to invest some of your own money into the business to get it off the ground. But there’s no better way to become a business person than to work hard at your own dreams and put your money where your mouth is.

Stocks and shares ISA

Investing in index funds is a great way to see returns of about 9.8% annually, including dividends. You simply put as much as you can afford into an ISA account each month and watch as your portfolio grows with the stock market. S&P 500 index is a great starting index to invest in as it has proven to show returns of up to 100% from 2019, when it first started, to 2022! This is a great alternative to putting your savings in a normal savings account, which won’t do anything for you.

Real estate

Buying a property to rent out to other people is a great form of passive income, as your mortgage will be less than what you will be receiving in rent and you have to do little to no work to maintain the income. You could assign the property to an estate agent, they will then handle any of the paperwork and maintenance, making it completely passive for you.


Nowadays, there are many different ways for you to invest spare money and create future wealth for yourself and your family. It’s important to do your own research to find out which path is best for you, and also work out how much you can invest before starting. There are few benefits to investing for shorter-term purposes, as you won’t see great benefits, as opposed to long-term investing.