Dear Friend,

I’m aware that most of us want to work hard, save up and dream of becoming rich and wealthy at some point in life.

You want to provide for your family the best there is in terms of the quality of life, the place you stay, a good education for your children and never imagine when you never have to worry about money anymore? How would that feel like? Priceless?

So how do you become rich?

There are few ways of doing this, for instance:

• You can Get rich by inheritance. But, the problem with this option is that unless you’re born with a golden spoon this is not likely at all in your lifetime.
  
  
• Win a lottery. What are the chances of you striking a lottery? The odds must be like 1 in a Gazillion, and that’s not likely to work as well.
  
  
• Start a business. Now we’re talking. This is more feasible but what kind of business do you want to start? You’d need some capital and it also takes time to do this and achieve success.
  
  
• Investing. You can do this starting from now. Now that’s more like it. So what should you invest in?

Properties are some of the best investments you can make but you need to have some capital and the other downside is you need to manage it.

You will be deal with the tenants and collect rent. Unless you don’t mind doing all this extra work, investing in properties is a great investment vehicle but not necessarily a hands free investment. You got to get your hands dirty and get things done.

Should you just put your money in a fixed deposit. It’s not the best option out there as it gives a very low return and do you really want to keep all your savings in the bank after the major recession in the past few years?

What about the stock or forex market? You need to study the companies and currency pairs you want to invest in or trade, understand them to know whether you’re mentally prepared and equipped to make money with these, and how does it look like in the long term.

If you’re not sure with what you’re doing, the stock and forex markets can be very volatile and risky places for your investment. They can give you some fantastic returns but you need to do your homework well. Also, do not forget that over 95% of traders lose ultimately.

Is there something that’s not as risky as the stock or fx market, give better returns than fixed deposits and something simpler than property investing?