“Never depend on a single income. Make an investment to create a second source”
-Warren Buffet.
The shocking yet obvious news is; there is no best way! There is however the best way of many FOR YOU! If there was a “one best way” to invest money, everyone would be rich! However we all know that this is not the case. What is good investment for you could simply be a disaster investment for someone else and vise versa.
We can divide income streams and investment tools into multiple categories, starting with regular day jobs, moving to Paper Assets Investments (stocks, bonds, mutual funds etc.) to Private Businesses, Commodities (Gold, Silver, Coffee etc.), Real Estate and many more. Those are all ways to make and raise money. The question is how to find the best investment or source of income that suits you and your situation. This mainly depends on two main things 1-What is your goal or the thing you want to achieve. 2- How much time do you have to achieve this goal. Starting with knowing those two main requirements will help you big time on deciding what is the best investment tool for you. Simone Sinek says; “Start with why”! I’ll just add to it & say; “know your time”! .. THEN you can better decide on HOW!