If you are smart then think of investing in SBP

Every earning person especially those people who are doing some job is familiar with the word SIP. SIP simply means small investment plans that means your little saving into some investments like mutual fund etc. Most of the mutual funds are subjected to market risk and they blocked your savings for atleast 2 years.

The great investor Warren Buffet has said that a person should never rely on one source of income even if you are saving money, you have still one source of income that is your salary. If you agree with me then just think of SBP.

What is SBP?

SBP means small business plan that means you invest your saving in some business. It will definitely become your second source of income, Never consider SIP as your second source of income, they block your money and you will not get more then 10-12 percent return.

We know that business is too risky but if it is not doing well, you can stop it any time. It's in your hands but that rule doesn't apply to SIP, it blocks your money and return is never 100% guaranteed.

The most important part is that even your job is not 100% guaranteed and in that case you cannot rely on SIP's for your expenses but you can rely on your small business plan.

What could be an SBP?

You can invest your little savings in MLM plan like amway, oriflame, tupperware etc. Now a days, creating an informative website is not a difficult task, you can create a website, it will hardly cost you some amount and if your website get famous, you can put ad on it and start earning some money.

Most of the online ventures have started selling their merchandise on wholesale basis because they know the limitation of online sales that is why they want to sell their merchandise through wholesale also.

You can invest your small saving in purchasing wholesale attire, wholesale jewellery etc. You just need to find the right consumer, don't worry they are near you only. You just need the way you look around things.

Now in most of the offices, you will get two week offs and you can invest that time in developing your small business, we know that time is for your family but still if you invest your today in small business or other source of income, it will give the financial security to your family in the future.

Conclusion

So before investing in SIP, I would suggest you to invest in SBP. Lastly I said, that smart people are not only those who earn money but also those who save money.