You have a $100k cash in your hands and you hurriedly contact one of the brokers and think about investing it in various stocks to earn high returns. But what if you were to learn that there are better things you can do with a $100k? Following are some of the incredible ways you can use your money. You may consider this as a guide to a secured investment.
Get a bigger place with great amenities
When you have $100 k cash with you, the first thing you would think about is investing in real estate. Simply for the fact that real estate is one investment that can yield long-term benefits for anyone. Buying a big house with great facilities will assure you a good resale value in the future. However, you must keep in mind that this kind of investment will give you returns only after at least 10 years. So, do not rush into anything.
Invest in a local franchise
Sure, you will not be able to buy a franchise of huge chains, but you can always go for local brands that are doing well in the market. They cost less, and the returns are higher than the initial investment. Moreover, since it is a local brand, you would save on advertisements as people would know about it by just word of mouth.
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Buy a lifetime of membership at your favorite hotel
Love to stay at luxurious hotels but think you cannot afford it all the time? No wise person with $100k would spend their money on hotel rooms. They would consider it as an empty investment. But that does not mean that you cannot buy a lifetime membership of your favorite hotel at discounted prices. When you avail of lifetime membership at a place of your choice, you never have to worry about bad room services and paying extra charges.
Purchase a plot instead of a house
If you are one of those who would like to try something different, buy a raw land instead of purchasing a house. This is a great investment for countless reasons, the obvious one being you can do anything on the land; construct your own hotel or make it a residential property.
Provide finances to a builder
Ever wondered where builders get huge funds from? Find out for builders looking for funds. Offer them some of your money and get incredible benefits from them such as a specific number of apartments or even a margin from their profit. Several people have made fortunes by simply providing funds to the investors.
Become a selfless philanthropist
You can invest everywhere but you may not get the same kind of satisfaction as you would when you donate your money to a charity. There are a lot of philanthropists out there and their unconditional contributions have helped millions of people. You can start by donating small amounts. Another benefit of donating your money is you can enjoy tax exemptions. Yes, charities help in getting tax benefits.
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