Tips for multiplying your money

Money, as a concept, is a means of exchange that is given value under certain cultural guidelines. However, it is important to take care of it and try to make it grow as it is one of the tools to generate wealth and prosperity, which ends up benefiting the whole society.

Saving is the basic behaviour that most people go to to start capitalizing and have a stable base. Very good concept because it provides balance and predictability in your personal finances.

However, great businessmen like Rockefeller said that money is like energy, you have to make it flow. That is why it is convenient for your capital to grow in some way.

Ways to grow your money

• Fixed term. The most basic and simple way of investing, almost risk-free, but with little return.

• Purchase of real estate. It doesn't have to be a property, you can invest in a small piece of land, a parking lot and then rent and repay the principal or in a mortgage trust whose legal form guarantees you a very low risk.

• Investment portfolio. This is usually done by a commercial bank that designs a series of generally diversified investments and manages them themselves.

• Placing money in micro-enterprises. For example, to contribute capital in a business known as bars, restaurants, among others, to take a percentage of the profit.

• Purchase of Shares, Bonds and Derivatives. The first most stable with an expiration date and a fixed or variable rate. Derivatives have a lot of risk, but a high return. It is advisable to leave it in the hands of experts.

• Foreign currency, gold. Buy the gold ingot with denomination or foreign currency, both are quoted in transparent markets and can be easily sold whenever you require it.

These are just a few of the most common ways to multiply money and prevent you from losing the value of your equity,
the concept is that you must try to mobilize wealth in some way, because in the dynamic is prosperity