After you’ve downsized as much as you can, you may have a nice chuck of change in your pocket. That’s the idea, anyway! One you’ve sorted your housing situation, it’s time to think about what to do with the extra cash.
Investing is a good way to generate more income on what you’ve already got. Investing may sound a little scary when you no longer receive a paycheck every month. That’s why making a smart investment is paramount. Investors can help you create a portfolio with minimum risk that still yields growth. You can also set up a back-up plan, if in the event, the markets take a dive. This ensures you have enough cash set aside to get through tough periods without having the sell off your stocks at below-market prices.