Throughout this 2 part series, we’re going to be exploring a few ways to invest $1,000 this year, which will include cryptocurrencies, education courses, trade option and robo-advisor… If you’d like to know more, keep on reading! This article focuses on cryptocurrencies and education.
Cryptocurrencies are digital or virtual currency that uses cryptography for security (Cryptography: n. ‘the science or study of the techniques of secret writing, especially code and cipher systems, methods, and the like’). A cryptocurrency is difficult to imitate because of the cryptography security feature. It’s organic, it is not issued by any general authority, and therefore it’s theoretically immune to government interference or manipulation. The internet is the catalyst for everything that Bitcoin is – if the internet dies, so does the cryptocurrency.
The first form of cryptocurrency that you’d be aware of would be Bitcoin, launched 9 years ago – in 2009 – which was then worth no more than 5cents, now it’s value is around $11,500, per coin, just today, tomorrow it could be completely different.
Cryptocurrency is seen to be a cheaper, easier investment than putting money in the bank. This is because there is less time to transfer funds between the two parties (exchanging your money for your preferred coins) and are done with minimal processing fees. In a bank, you could be charged $30 for any transaction over $500, plus tax on top of your investment, whereas in cryptocurrency, there are no taxes and low-cost transaction fees, some of which are even free.
A blockchain is used to store an online ledger of all the transactions that have ever been done using bitcoins, which creates a unique protection for the whole base. It’s just as safe as investing your money into the banks.
At Investercon, we feel that the best investments as of January 2018 would be to look into the Ripple Coin, Sia Coin and Lite Coin. We predict that they will all see steady growth throughout the year and have a beneficial monetary value by the end of the year, but remember to be smart about your purchases, do your research.
Invest in Money Making Courses. When we say this, we mean to invest in your mind. There is so much that is already in your brain, but there is always room for more. If you’re interested in a topic that will benefit you and your future, why not enrol in a short course to gain more knowledge and experience on the topic?
There are so many things that you can invest in – Google, Stocks, Real Estate, Banks, Companies Cryptocurrency… all of which could go bankrupt or just go bust… so why not yourself? Surely you are more important to yourself than anything else is -even money-.
Put yourself first and you might even find that you enjoy the study, spurring you to want to further your education. From here you can find your first form of passive income through creating and selling eBooks, or creating up your own short-course about that of what you’ve just learnt to sell online so that those people can revel in your knowledge, and in turn, pay you for their learning!
There are so many benefits to indulging in, and losing yourself in the books every once in a while, and who knows, you could benefit more than you ever thought.