How to increase my money? double, triple...?

Question

I have £2000 saving in bank, and every month I can add £200 to it.

But I am just wondring how can I increase my money really?

I have heard about buying Funds, Bonds, Shares, but it seems they are too risky, and takes time

I and my wife have web developing skills, maybe I can establish a company?

Answer 1

Risk and reward tend to be tied together. If you study and read, you can reduce risk through knowledge. You can start a sideline business, but I wouldn't quit your day job. You should get into investments so the money in your bank can earn dividends. There are lower-risk investments that you should look into: some investments are better than others.

Answer 2

You are thinking in the right direction. You should start a company and try exploring the outsourcing opportunities. The profit margins and return on investments are mouth watering. If you need further assistance you can always approach me.