We all work hard for the money we earn, but that doesn’t mean it wouldn’t be nice to turn it into even more money.
One of the best ways you can ensure your future wealth and maximize your income is to invest it wisely into lucrative industries and companies.
Although investing can sometimes be a risk as you cannot always be 100% that you are going to make a good return if you invest it in the right industries you don’t need to worry about losing your hard-earned money.
In this article, we’ve collected information on three of the most lucrative industries that anyone interested in finance should think about investing in if they want to increase their wealth.
1. Online Gaming
The online gaming industry has been growing for a long time and is set to continue growing over the next few years exponentially.
The industry itself is currently valued at around $200 billion but is expected to shoot up to $225.7 billion by 2025.
One particular subset of gaming that is of interest to investors is online gambling games like poker, Texas Hold ‘Em, and roulette.
These games have amassed a large following of people who are placing bets and improving their skills, which makes it a promising industry to be a part of.
The industry is made up of a lot of different subsections, including online video games, esports, and online gambling, which can make it difficult to figure out where is the best place to put your money.
A lot of investors will invest in the stock market or look to get shares in some of the top mobile gaming companies that have gone public.
If you want to take a risk, look into some of the smaller gaming companies that may not have had many popular releases yet, but show some promise in what they’ve made available to the public so far.
These businesses have the potential to grow in the future and could be an extremely lucrative place to invest some of your money.
2. Renewable Energy
If you’re passionate about the environment and want to invest your money into a cause that’s doing good for the planet, you should have a look at the many companies that are developing new sources of renewable energy and other technologies.
Climate change has been hitting our planet hard over the past few years, which has made efforts to introduce more eco-friendly technologies even more important.
Moving away from traditional sources of fuel like oil is paramount if we want to reverse the devastating impacts of climate change, and many companies are working hard to make this happen.
There are many different types of renewable energy sources that can be used, but very few have started to go mainstream yet.
Whether you want to invest your money in a solar power startup, or a more obscure form of renewable energy, there are plenty of companies that you can choose from.
Importantly, the yields that come from investing in renewable energy are high for investors.
In a recent report, it was found that although focusing on renewable energy could cost $19 trillion more than the usual business approach globally, it will bring benefits worth $50-$142 trillion by 2050.
3. Virtual and Augmented Reality
The final industry that we think is worth investing in at the moment is the virtual and augmented reality industries.
The technology industry can sometimes be a risky investment, there are plenty of new tech start-ups that are formed every year, but very few of them end up making as much money as they promise their initial investors.
Although tech may be risky, the virtual and augmented reality industries have seen significant advancements over the past few years and have found their way into a range of industries – from education to the healthcare industry.
Virtual and augmented reality platforms involve immersing a user in a new environment using live video, this can help them do anything from exploring an international destination without ever leaving their bed, or try on an item of clothing from the comfort of their own home.
When you invest in some of the smaller tech companies that are introducing brand-new virtual reality products to the market, it could be a highly lucrative opportunity if you choose wisely.
The growth of these technologies is constantly expanding with every new application that is launched, plus the industry as a whole is very open to receiving external investment.
The bottom line
Investing your money can be a risk, and it’s always important to never invest more than you’re willing to lose.
But, if you have spare cash that you want to try and profit from, investing in a good company can bring you significant returns – especially in industries like online gaming, renewable energies, and VR/AR.