Put Your Money to Work and Work Hard!

Sally and I were talking the other night about what do with small amounts of extra money we have left over each month. On one end we are slowly saving for owning our own house on day, but with interest rates at practically zero I hate the idea of saving any money in the bank right now. I’m also saving for a new car, but I have the same problem there.

Then we look at other options to put our money to work immediately.

1. Buy more Gold and Silver. I think is not a bad idea right now but the problem with it is you just hoard it. It’s not working for you, it’s not creating cash flow. It can preserve wealth and if things go as they seem to the metals will appreciate.
2. Invest more to produce internet income. I could invest for example in this blog with link building and buying content to get more natural traffic and advertising income. The problem is that is that even more money is going into the same kind of asset, which is highly dependent on Google and leaves little diversification. I would like for us to be able to survive off of at least 2 different asset classes if necessary.
3. Start buying stocks for dividends. Right now it seems like a really bad time to buy stocks as the market could tank again and it takes a whole lot of shares to generate a decent cash flow from stock dividends. Nevertheless it may not be a bad time to start, putting some money in dividend producing stocks in long term solid companies -just getting started.
4. Real estate – out of the question right now. Prices still sky high in this part of the world and with all the work involved I’m still not 100% sure I want to grow our real estate business. Maybe it will be interesting when the right time comes.

Whatever we choose I want to put my money to work immediately. Each euro is a little worker and I want him to work hard.