Travel is one of the best investments you can make in your lifetime, but for most of us it won’t last forever. So, whilst we’re out exploring the world we need to be investing in our future and focusing on goals we want to achieve back home.
One way I have found to earn a passive income as I’m traveling the world is by dividend investing. It seems simple to do, all you have to do is find stocks that pay dividends right? Well that’s easier said than done, and I’m too busy travelling to do all that research. Not to mention I am not a financial expert so I wouldn’t even know where to start managing my own investments. Luckily, you can have someone do most of the work for you – so all you need to do is plan for your future.
The company I found that is designed to earn passive dividend income while you travel is Emperor Investments. Their online platform makes it easy to start investing, and you can even call them at 1-855-588-7577 if you want to talk about your finances.
Not sure if you’re ready to invest? Here are some tips and info I wish I had know before I got started with investing.
Investing & Saving
The Difference Between Investing & Saving
An easy way to look at this is by using a laptop as an example. If you don’t buy a new laptop so you can hold on to the money for another time, you’d be saving. But if you’re buying that new laptop with the aim to make money from it, then you are investing.
Essentially your goal when you make an investment is to get more money back than you paid. Of course, this isn’t always guaranteed, usually you take on more risk for the possibility of a higher return.
What Are Stocks?
One of the things I found that puts off fellow travellers investing is that they’re confused about what stocks are, and which ones are the best to invest in? A stock is just a piece of ownership in a company. Typically, you’d want to buy a piece of a company you believe in that you think will continue to grow. As I mentioned earlier, this takes a lot of expertise and research time which travellers don’t usually have.
The good news is that you really don’t need to be a pro when you register for a service like Emperor Investments. When you sign up online, you will answer some carefully selected questions and tell them about your goals. This helps them pick what stocks are right for you to invest in. It really couldn’t be easier and only takes a few minutes – plus if you have any questions you can give them a call for free.
From my own experience I think that investing while you travel is an absolute no brainer! I add to my investments each month and let my money work for me. The best part is that no matter how the stock market is behaving, if you invest in a dividend paying company you could still earn your dividends!
I would love to hear from any of you out there who have invested in stocks either on your own or with a similar company. Let us all know about your experiences and share your tips!