Despite the omnipresence-induced financial disadvantage of the global economic crisis that never ceases to affect the social fabrics of people around the world so much, the light does not seem to be at the end of the tunnel as to when the good old times. a more abundant life when people normally put their needs before their wants.
The situation is so bad now that the governments of several countries continue to reduce their national budgets and that is why financial allocations to various sectors of politics are drastically reduced to the point that people do not find things as easy as the days before the collapse , so the only way to tighten your financial and economic belt to survive increasing hardships is to diligently seek other legitimate means of survival.
In addition to desperately looking for ways and means to shore up its internally generated income, the government of this country is seriously considering increasing the Value Added Tax (VAT) from the current five to 10 percent, a headwind that will not affect . blow any good into the manufacturing sector, since the eventual increase will be passed on to the common man on the street who normally consumes the products he manufactures due to the consequent reduction in purchasing power.
All things being equal according to economists, interest rates on savings accounts at banks are now very low and unattractive, especially for those whose earning capacity is low, so it is absolutely imperative for the working class. Normal and budding entrepreneurs look for other avenues that will enhance the value of their income and that is to put it where it can work for them.
While it is quite true that investment opportunities exist in the stock market at the present time, global economic stagnation continues to drive interest rates beyond the proportion imaginable, the big relief here is that investment in mutual funds remains quite viable for small businesses. and middle-income investors.
This development undoubtedly encourages large investors to come out of their long self-imposed hibernation on the financial game plan again, as corporate performance indices that fell so low about three years ago are now slowly but gradually picking up. The sore point remains the fact that the return on investment for small investors is still pretty negligible and what they get as dividends is nothing to write home about. For this group of people, instead of keeping money that will not earn them a lot of investment in the bank, they prefer to put it in profitable companies that will bring them better interests and make their lives more abundant.
One of the best options to make your money work for you as a small source of income is to participate in the small-scale buying and selling of essential fast-moving commodities such as food, mini-transport and by providing common services oriented to the public, for example , establish an internet cafe in a densely populated community where the ready market is very scarce or does not exist at all.
The other way that one can make their money produce better income is by investing in mutual funds, especially if the end goal is the stock market, because that is the only sure way to diversify one’s portfolio for better returns with little. income and savings from these days. rising interest on savings accounts is no longer attractive as it was in the days leading up to the merger.
In almost every corner of our densely populated communities, young people, particularly those just out of school and without any opportunities for salaried employment, typically set up TV viewing centers where people come to relax and watch soccer games. , Especially during the major league. and other very important competitions. They, of course, make a good living with effort and even employ assistants who also make a living with effort.
