Higher education is expensive. Especially if you do want to get into a highly acclaimed course at a reputed university, you will have to shell out a little fortune just to complete the admission procedures. So, it is not only enough to be good at the studies but one must also plan accordingly to meet these expenses. Of course there are many benefits of getting into a great college and earning a degree. So, you should plan for it rather than compromise due to high expenses. You may be planning for your own post grads or planning for your kid. In any case, it is a good idea to look at some innovative alternatives that can offer you high return and ensure a comfortable life.
Start Early
If you are saving for your baby, it is the best thing to start early. This is because if you give enough time, even a very small amount can grow to a significant level. So, do not wait till the kid reaches high school. Start as soon as possible. Nowadays, various banks and financial service providers offer specific plans targeted at education and children. You can also go for usual fixed or recurring deposits. No matter what you do, be careful in your choices. Do not go for high risk, high gain options because you do not want to play games with the future of your children.
Buy Diamonds or precious metals
A good way to invest is to buy diamonds or gold or other such precious metals. These materials have always been considered to be precious and their value remains intact even when economies falter. So, it is a good idea to invest in them and trade them later on when needed. All you need to ensure is that you buy authentic stuff from certified sellers. The prices of these commodities vary according to their quality. So, take some time to educate about various types before you make a purchase.
Buy Real Estate Strategically
Real estate is always a great investment but is very expensive. But you can make a killing by acquiring property at places that are growing or are likely to grow. For instance, suppose you find a plot of land that is located in the remote outskirts of the city. It is cheap, and the location is remote. But the catch is that there is a new airport coming up nearby. So, in the next five years, the price will increase by 10 times. Isn’t it a great investment? It is only a simplified example but you can surely look for such opportunities and make informed choices and take calculated risks and achieve great results at the end.
Invest in Promising Start-ups
Just have a look at some of the new age start-ups in the last decade or so. Companies like Facebook, Instagram, Twitter, or WhatsApp grew too fast and became global brands in no time. Those who invested early in them by realizing their potential became millionaires within a few years. So, if you are indeed a keen observer of the market, you can probably spot the next big thing and invest in the same. However, be careful and do not bet all your money on one horse. Do your research well and find out a few potential candidates to invest on over a period of time.