When investing any amount your main focus is obviously on getting a return. But what's the best way to do that? Below I'll outline a great money making idea that is a great way to invest 20,000 dollars.
There are two main principals to keep in mind when considering returns on investments. First, you need to maintain control over your money. Putting money into a market can yield high returns but once you make that initial investment, it's out of your hands. Second, you want to be able to compound on your returns as much as possible. This requires making your initial returns quickly.
A great way to accomplish both of those goals is to invest in your own business. While 20,000 dollars might not seem like enough to start a booming business, with a little creativity it can go a long way. I know a woman who made an initial 20,000 investment in a customized t-shirt business. She simply bought a few silk screen presses, tons of blank t-shirts and customizes them from her home.
Her initial investment started returning profits the first day she started selling her customized t-shirts. The more money she makes, the more she's able to put back into her business. Within six months she'd moved into a larger space, hired several employees and had more than doubled her initial investment.
Getting a good return on your initial $20,000 investment can easily be a success story just like my t-shirt selling friend. Get creative, get involved and watch the money pour in!
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