The banks don’t seem to be in favour with savers, the rates just don’t encourage us to save our pounds within the four walls or vaults of a bank. This isn’t new and has been the situation for a number of years but nothing looks to be changing anytime soon. Therefore savvy shoppers are researching other options that can help them grow their money. Many may choose to invest in more property and this can be a clever way of growing your wealth ready to provide for you in the future. However obviously buying more property is a huge financial investment and for many just not viable. yet investing in goods and coins that make you money could be an alternative option for middle earners.
My children are collecting coins and especially 50p’s noticing that certain ones are worth more than their face value, the Kew Gardens coin being especially sought after as it sells for £30 plus. Some of the Olympic coins are now becoming collectable so it is always worth looking at your small change. This is a better option for many of us and it is something worth encouraging in children as it can quickly be turned to profit. My teen is always scouring and ebay is a great place to sell your coins, you could also use specialist sites and a quick google will give you plenty of options.
Sitting somewhere between bricks and mortar and coins there are options like investing in jewellery and especially watches. Second hand Rolex watches can be a great investment piece. Did you know in 1910 Rolex produced the first wristwatch to be awarded the Swiss Certificate of Chronometric Precision. By 1931, when it had introduced the first waterproof case and the first self-winding perpetual movement, it was firmly established as the world’s leading watch company. Rolex’s spirit of innovation continued, this ability to repeatedly lead the market turned it into a global powerhouse. Nowadays, it produces over 2,000 watches per day. That is quite a success story and a reason why they make a great investment piece or family heirloom. Art work is another investment but you do need to know how to store art correctly or it risks being damaged.
I enjoy charity shopping and have picked up many toys and books over the years. Whenever I want a new book I head to my local charity shop but like many I dream of finding something really valuable that I can turn into cash. So far my best wins have included a new Radley coin purse and last week I was gutted to see a brand new pair of Radley shoes but they were a size too small! I also scan handbags and jewellery as you just never know what you may find. However I think you’d be lucky to spot a Rolex! However you may have more luck at a car boot sale. There have been many tales of people finding real diamond rings at car boots that were considered costume jewellery by the seller. If you are looking for more Unusual ways to make money have you thought of renting out your driveway?
Do you have anything collectable that you hope to turn to cash in the future?