Investing is great. You get to take some money and grow it, until it exceeds the original amount by far. But investment can also sound scary. The finance world is a difficult one to navigate, and investments can be tricky if you don’t have some idea of what you’re doing.

Many people are under the misconception that to invest you need to have a certain amount of money, or that you need to be a certain age. In reality, you can invest any money, no matter how little you have to offer. And anyone can invest. You can even start teaching your children to invest by having them put a bit of their pocket money into a cookie jar. Savings and investments go hand in hand, so it’s a good principle to teach them.

Often, people freeze when they hear the word “investment”, and their minds immediately go to the complicated science behind stock markets, forex, and trading. While these are all popular options in the investment world, there are loads of other ways to invest, so you can easily find one that works for you.

Mutual funds

Mutual funds are a way for the public to come together in the financial industry. Basically, a bunch of people poll their money together and then invest in a variety of things – stocks, bonds, or whatever else they feel will give a high return on their money.

They are professionally managed, and your gains and losses are proportionate to how big of an investor you are. It’s a bit of a risk, as with most investments, since giving a lot of money could lead to a lot of gain, but also to a big loss. However, mutual funds are beneficial because all of the investors carry some of the responsibility.

Be sure to pick a mutual fund that will pretty much guarantee high returns. Do research on how mutual funds work and what your options are wherever you live, since mutual funds in Canada may differ from mutual funds in other places.


Due to the pandemic, there is a lot of speculation about the future of education. It might therefore be a good idea to consider some form of education investment. Investing in your own education is a form of self-investment, which means that you are using money in ways that could potentially give you a better future.

You could also start a study savings account for you or your children to make it easier in the future. School fees are expensive, and you might not always be in a position where you have enough extra money to pay them. If you start saving a little bit each month towards a specific goal, you might have enough by the time it rolls around.


If you don’t have the time or knowledge to properly research possible investments, a robo-advisor will be your new best friend. As the name suggests, these are digital platforms that analyze data and decide on the best investments for you, so that you don’t have to.

They need almost no human supervision, and after they’re done, they will be able to offer you advice on which investment options are best for you. You will have to pay a fair amount of money for them, but they will probably earn you that back, plus more!

Pension funds

Your retirement is supposed to be one of the most peaceful, stress-free times of your life. This certainly won’t be the case if you suddenly don’t have a source of income anymore, and you didn’t start saving up for your retirement in time.

Investing some of your money into a pension fund is a great way to ensure financial security once you make the decision to retire. It’s never too early to start saving up for your pension – in fact, the earlier, the better. Putting away a little bit of money every month will definitely be easier than reaching your old age and not being able to take care of your bills. Trust me, your future self will thank you.

Fixed deposits

A fixed deposit is a type of bank account that generally offers a much higher interest rate. There are usually some restrictions, though. Many banks require a certain notice period before you can withdraw your money. This means you can’t instantly access your money if there’s ever an emergency.

However, these restrictions actually have some benefits to them as well, especially if you’re an impulsive buyer. The notice period means you’ll be forced to have a look at your financial situation and consider whether it’s really worth it to withdraw money from your account.

This is definitely a long-term investment, since it may take a while for you to see any significant growth in your money, but it’s definitely worth it because of how much your money will grow in time.

Dive into the stock market

As mentioned, the stock market is where people’s minds immediately go to when it comes to investments. And for good reason, too. The stock market dates back many decades and continues to be one of the leading choices for investors, both new and experienced.

Knowing how to invest in stocks can be quite intimidating, but it’s easier once you understand the basics. When you invest in stocks, you will be considered a part-owner of a specific business, which means you get to share in some of the profits. How much you earn will depend on how much you put in.

Real estate

Yes, buying your own place is a form of investment. If you rent a place, you’re paying for it but not getting much in return (besides living there, of course). Owning a place, on the other hand, is an entirely different story.

Every time you pay a monthly fee for your property, you get a little bit close to paying off that property. Having a property in your name is a valuable asset, since it adds to your net worth. Once you’ve paid it off, you’ll also be likely to experience a bit more financial freedom.