When people talk about investments, many assume that mean stocks and shares only. But actually, there is so much more that you can do to make your money work for you. We are now very used to seeing bloggers and influencers sharing their secrets to making enough money to afford wonderful holidays, luxurious lifestyles. And, many people think you need to have a huge bank account to make that happen. And while the secrets to success are up for debate, there are a lot of ways that you can make smaller amounts of money work really hard for you. And create that luxe lifestyle you are working towards. 

Photo by Createria on Unsplash

Property

Getting on the property ladder is something many people aspire too. There is a trick to investing in properties that meet your budget, though. Not everyone can stretch to a converted barn or a 3 bedroom apartment with ease. Here are a few reasons why property investments really make sense:

• Physical Assets – unlike the stocks and shares, the property is a tangible asset, it is highly unlikely that your property will go missing or that you could check up on it if you wanted to (or live in it)
• Capital Growth – There are some seriously significant returns to be had if you keep the property for 5 or more years.
• Add Value – if you have the right permissions, you can improve on the property and reap the rewards of a higher selling price. 

There are ways that you can still invest in property without capital. Like real estate crowd platforms. 

Diamonds

Not only are they beautiful, but diamonds are like property – a tangible asset. However, you can keep your gold and diamonds stashed away on your property. They are durable and really unlikely to get damaged or broken. Diamonds, estate jewelry and other gold, tends to hold price incredibly well, and you can wear them every day too. If you want to that is. 

If you want to invest in diamonds and other jewelry then stick to these basic guidelines:

• Learn your classes, colours, and carats
• Only buy within your budget
• Diversify what you buy. You can buy different sizes and weights of gold and diamonds – build up your collection over time
• Loose or mounted – personal preference

It might sound like it would cost a fortune, but over time smaller purchases add up to a vast collection. 

Fashion

It would be remiss to not include fashion in wise investments. There are, of course, a few things that everyone should have in their wardrobe:

• Crisp white shirts
• LDB
• Perfect jeans
• Trouser suit
• Leather jacket
• Tea dresses

They can build the staples of your wardrobe. What do these things mean in terms of investments? Well, timeless classic pieces of jewelry or designer (high end) handbags and shoes hold or increase in value over time. Much like jewlery you can keep these in your sight, and when you want to, sell them relatively quickly. 

A great place to find some vintage classics are in thrift stores or online sites like eBay. So next time you are looking at ways to make your money work for you, consider these options.