If you want to get rich, you need to make your money work for you.
This is something I learned during my 7 years in Wealth Management.
And after working with 453 millionaires…
And spending thousands of hours studying their habits…
I realized they all had one thing in common:
They NEVER let their money sit idle.
What do they do instead?
They ALWAYS put their money to work.
So, how do you make your money work for you?
Here’s how:
1. Invest in Cutting-Edge AI Startups
Do you want to be an early investor in the AI revolution?
Investing in AI startups before they go public can give you significant returns.
AI startups can also give you:
- Diversification
- Positive societal impact
- Long-term growth potential
The best part?
You don’t need to be a venture capitalist to start investing in AI startups.
Thanks to the Fundrise Innovation Fund, anyone can get in on the action.
The Innovation Fund invests in some of the world’s best tech companies.
Including those leading the AI revolution, before they go public.
And the investment minimum is also only $10.
(Most venture capital funds have a $200,000+ minimum).
Ready to profit from the AI revolution? Sign up here (it takes less than 5 minutes).
2. Invest in Fine Art
What do Brad Pitt, Beyoncé, and the millionaire next door have in common?
They invest in fine art.
Fine art can provide:
- High returns
- Low volatility
- Access to all investors
In fact, the art market has outperformed the S&P 500 by 165% in the past 25 years.
Now, I know what you’re thinking:
“I don’t have $30M to drop on a Picasso painting.”
Well here comes the good part:
You don’t need to be ultra-wealthy to invest in fine art anymore.
Thanks to Masterworks, anyone can buy fractional shares of million-dollar artwork.
So if you want to own a piece of artwork valued at $30M+, now is your chance.
Just remember that fine art is a long-term investment.
3. Invest in Rental Homes
Did you know 90% of all millionaires become so through owning real estate?
Millionaires invest in real estate because it provides several benefits.
Some of those benefits include:
- Tax advantages
- Protection against inflation
- Passive income generation
- Profits from property appreciation
The best part?
Anyone can invest.
You don’t have to be a millionaire to start investing in real estate.
In fact, you can earn passive income with a $100 investment on platforms like Arrived.
And it’s completely free to sign up!
Even Jeff Bezos (the richest person in the world) invests in Arrived.
But remember, real estate is illiquid and a long-term investment.
So if you want to build wealth over time, rental homes might be for you.
4. Invest in Precious Metals
Are you interested in precious metals?
Then investing in gold or silver could be for you.
In fact, silver is up 22% this year and gold recently hit an all-time high.
Precious metals can also provide you with:
- Diversification
- Global demand
- Hedge against inflation
The best part?
Anyone can invest in precious metals.
And with platforms like OneGold, you can get started with just $1.
OneGold is a digital precious metals trading app where you can:
- Buy precious metals digitally
- Sell your precious metals 24/7
- Store your precious metals internationally
OneGold takes care of the storage and insurance as well.
But if you prefer, you can get your precious metals delivered to your front door for free.
Remember, precious metals are a long-term investment.
5. Peer to Peer Lending
Ever wanted to be a bank?
Now you can with peer-to-peer lending.
Peer-to-Peer lending (aka P2P) is an online platform that connects lenders (you) with borrowers.
P2P lending can give you significant returns by allowing you to lend directly to borrowers.
In fact, P2P lending platforms offer:
- Diversification
- Passive Income
- Compounded growth
The best part?
With platforms like Groundfloor, you can start earning passive income with just $10.
And it gets better:
Groundfloor has average returns of 10% and they state that within 6 to 9 months, most loans are repaid.
Keep in mind, you are lending money to people who normally can’t qualify for traditional financing loans.
So make sure you do your research before you invest.
6. Invest in Bitcoin
Bitcoin is one of the best-performing assets of the decade.
In fact, Bitcoin had a 156% return in 2023 and a 57% return so far this year.
And it gets better:
There are over 88,200 crypto millionaires worldwide with the majority holding Bitcoin.
Bitcoin can provide:
- Transparency
- Diversification
- Decentralization
- Significant returns
But beware:
Bitcoin is extremely volatile and there is no guarantee that it will continue to appreciate.
So only invest as much as you are comfortable losing.
You can start your Bitcoin journey with just $10 on platforms like Kraken.
Kraken is one of the largest and oldest Bitcoin exchanges in the world.
It also provides low fees, multiple funding options, and high-security standards.
Just remember to always do your research before you invest.
7. Invest in Farmland
Farmland is one of the best ways to make your money work for you.
In fact, farmland has outperformed most major assets for over 30 years.
Farmland investments have:
- Low fees
- Low volatility
- Passive income generation
And it gets better:
Farmland appreciation and income have tripled since 2000.
Why?
Because of a growing population and a shrinking land supply across the US.
Not only that, but farmland’s average annual return is comparable to that of stocks:
So how exactly do you invest in farmland?
With platforms like FarmTogether.
FarmTogether is one of the leading farmland investment platforms with over 1.8k clients and $189M in AUM.
But remember, that farmland is illiquid and a long-term investment.
8. Invest in Top-Rated Stocks
Did you know the stock market has delivered an average annual return of around 10%?
Investing in stocks is one of the most proven ways to make your money work for you.
Stocks can provide you with:
- Capital appreciation
- Dividend income
- Liquidity
The best part?
Anyone can invest.
You don’t need to be an expert to start investing in stocks.
In fact, you can begin with just a small amount on platforms like Robinhood.
But remember, stocks can be volatile.
And it’s essential to invest for the long term to ride out market fluctuations.
Pro tip: If you don’t know what stocks to pick, consider joining Seeking Alpha.
Seeking Alpha uses cutting-edge AI technology to pinpoint top-rated stocks.
I personally use Seeking Alpha for all of my investment research.
9. Invest in the World's Rarest Wines
Think fine wine is just for drinking?
Think again.
Fine wine can give you significant returns.
In fact, if you had invested $100 in the fine wine market in 1952, your investment would now be worth $420,000.
Even Warren Buffett endorses fine wine investing!
Fine wine investments also give you:
- Diversification
- Protection against inflation
- Low correlation to the stock market
The best part?
You don’t need to be a millionaire or a wine connoisseur to get started.
Anyone can invest in the world’s rarest wines with platforms like Vinovest.
Remember that fine wine is a long-term investment (10 to 20+ years).
10. Invest in Top-Rated Dividend Stocks
Is there such a thing as easy money?
If you own dividend-paying stocks, there certainly is.
That’s because companies pay you regularly for owning shares in their company.
Plus, reinvesting these dividends can compound your returns over time.
Talk about making your money work for you!
Dividend stocks can also provide you with:
- Tax advantages
- Lower volatility
- Capital appreciation
The problem?
Picking top dividend stocks can take a lot of time and research.
But if you want to skip that process and go straight to finding the best dividend-paying stocks…
Then consider joining High Dividend Opportunities.
With High Dividend Opportunities, you can see your portfolio start producing high levels of income today, without having to wait a decade to really benefit you.
The group has over 8000 members and is rated 4.6/5 from 734 reviews.
11. Invest in High-Quality REITs
Think real estate investing is only for the wealthy?
Think again.
Anyone can invest in REITs and get significant returns.
What’s a REIT you might ask?
A real estate investment trust (aka REIT) is a company that owns income-producing properties.
REITs can specialize in hotels, apartment complexes, commercial construction, etc.
REITs offer:
- Diversification
- Lower Volatility
- Consistent income from rents
The best part?
You don’t need a large sum of money to get started.
With platforms like Fundrise, you can get started for as little as $10.
And Fundrise isn’t new to the game.
It has over $1 billion of assets under management since it was founded in 2012.
Remember real estate is a long-term investment (5 to 10+ years).
12. Open a High-Yield Savings Account
Inflation is a silent wealth killer.
It hides in plain sight and constantly diminishes the value of your money.
So how do you combat inflation?
By stashing your cash in a HYSA.
(Aka a high-yield savings account).
HYSAs can provide:
- Liquidity
- Passive income
- Low (or no) fees
How do you open a HYSA?
Here’s how:
- Go to Raisin (I use Raisin myself)
- Select one of the available savings accounts
- Open your savings account
- Stash 3 to 6 months’ worth of living expenses in your savings account
The best part about this strategy?
Not only do you get:
- Zero fees
- FDIC insurance
- 24/7 access to your funds
- Availability in 30+ countries
But with the current interest rates, you can also get over 5% APY.
A 5% rate on $10,000 of cash would earn you $500.
For doing absolutely NOTHING.
Talk about making your money work for you!
How to Maximize Your Money Making Capability
Making your money work for you is one piece of the puzzle.
To get rich, you need to think and act rich.
If that’s your goal, there are 9 things you can do to speed up the process.
Here they are:
- Develop a rich mindset – To change your reality, start by changing your mentality.
- Track your money – Use tools like my free budget spreadsheet to track your income and expenses.
- Pay off bad debt – Bad debt robs you of your freedom and makes it impossible to build wealth. Pay it off ASAP.
- Create an emergency fund – Save 3 to 6 months’ worth of your basic monthly living expenses in an emergency fund. If you want to be like the pros, stash your emergency fund in a HYSA.
- Build multiple income streams – If you rely on ONE income source, you’re one step away from being broke.
- Automate your finances – Automation simplifies your life. Set your bill pay to auto-pay. Set your investment contributions to a recurring schedule.
- Increase your income – Ask for a raise. Switch companies. Start a side hustle. Build a business.
- Save & invest more – The more you save & invest, the faster your wealth will build.
- Invest in yourself – Read books. Take courses. Exercise daily. The highest return on your investment will be when you invest in yourself.
Closing Thoughts
Making your money work for you is one of the most powerful wealth hacks.
If you want to get rich, never let your money sit idle.
Put your money to work now.
And always remember to do your research before you invest.
Your bank account will thank me later.
