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Useful suggestions on how to invest and earn

One can invest and save not only in bank deposits. The goal of this handbook is to inform about the wide range of alternative investment opportunities available to any investor. The target audience of this handbook is anyone who has established or plans to establish savings in the thousands (but not in the many millions) and who basically understands or is ready to learn what shares, bonds, investment funds and similar terms mean. The handbook content is regularly updated.

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Table of contents

Preparation

Investments in stock exchange shares

Loans/bonds

Other investments

A couple of tips on how to start saving

Saving takes discipline. With each salary increase, spending also tends to adjust quickly. We are sure of one thing - the earlier you think up and implement your savings formula, the better. Below are some practical ways to build your savings:

FROM THE SALARY SUPPLEMENT

Set aside, for example, half of each increase in income. Respectively, if the monthly income increases by 100 euros, then 50 euros will be allocated to savings. Bonuses, dividends or other unexpected income can also be diverted to savings.

AUTOMATIC ACCUMULATIONS

Creates an automatic payment that, for example, transfers 10% of the salary every month to another bank account that is not linked to a payment card. An alternative is to save for the 3rd pension level.

THINK ABOUT BIG PURCHASES

Sometimes a large portion of the daily income is spent on large purchases that are more in the "want" category than the "need" category. At this point, you can hold on and put the "saved" purchase amount into a savings account.

REPORTING COSTS

Many small things often make up the majority of your monthly expenses, rather than a couple of big purchases. Average your bank statement or record your monthly expenses and identify which are the expenses that you could do without and transfer that amount to your savings account.

Many have encountered difficulties in starting to build savings. Fortunately, there are a large number of resources and tools that offer advice or help with saving. A couple of the most interesting ones are the Financial Peace University community and the budget planners most banks now build into their internet banking. Several banks also offer a digital piggy bank, which rounds up every card purchase and moves the difference to a savings account. Digital payment institutions such as Revolut also offer similar services.