I know your palms are itching and pockets are burning because you want to spend that tax return as fast as it hits your bank account. Let’s not do that! 2019 is the year of new and positive change in your life, how about doing that with your tax return as well. Let’s be honest, you don’t really need that extra pair of shoes that just came out. Nor do you need to buy that 70″ TV that you’ve had your eye on since you missed the Black Friday sale. Right? Right! We should be mindful of the things we decide to purchase with our hard earned money. This includes your tax return.
Yes, you may have the thought, “well its my money why can’t I spend it on what I want?” The answer is, you are 100% right! You can spend YOUR money on whomever and whatever you want to, but lets break those unhealthy spending habits and switch gears for a moment. Wouldn’t you like to see your family doing well in the years to come? If your answer is yes, please continue to read.
invest your tax return
Investing should be thought of as a long term financial commitment rather than something short term or “quick money.” It takes time to see a real profit from an investment, so patience is key. There are so many ways to invest your money, you just need to do the research to figure out which way is the best for you and your pockets.
- Real Estate
- Bitcoin
- Crypto currency
- Stock Market
- 401K
- Bonds
- CDs
- Mutual Funds
- Trust Funds
- Business Startups
- IRAs
- Peer to Peer Lending
- Life Insurance
- Crowdfunding
One simple way to invest is Crowd Funding. You simply pick out an organization or person involved in a special project, and come together with other people (most often times they are strangers) to invest in their vision/project. You will most likely be a silent partner in this type of investment, meaning you don’t have a say in what the main owner(s) of the project actually does with your money. Before you decide to put your money into their project, do extensive research on it. Ask questions, research again, then ask more questions.
Crowd Funding
The practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.
One company I plan to invest part of my tax return with is Tulsa Real Estate Fund. This company has raised more than $50 million and doesn’t plan to stop until they have reached their financial goals. Many celebrities have already taken a pledge to invest in this company and I will do the same. Tulsa Real Estate Fund focuses on investing money into urban communities by purchasing real estate and flipping them. Click the above link to read more about the company and check out their video below.
Updated 2/17/2021: After ongoing review of the Tulsa Real Estate Fund and the negative press against them, I have decided to no longer push forward with that company. I am in the process of trying to get the money I have invested into this company back. You can look up the negative press against this company on your own and determine if you would like to invest with them or not.
Invest, invest, invest! Your money….your legacy…your choice! Hopefully by now, you have had the chance to watch the video and check out the company’s website…seeing that this is the end of this blog post. It takes money to make money, and even if you have to budget to get to the point of investing, I truly encourage you to do so. However, we are talking about your tax return, so the money is already there. Don’t spend your tax return on meaningless objects, invest your money where it counts most!
