Childcare is an area which will always be needed, since there will always be children who need to be looked after. Whether it’s a playgroup, a day nursery or a private childminder’s business, there are various things you can do in the world of childcare and various things in which you can invest your money.
1.Think about what you’d like to invest your money in
You might want to invest your money in a day nursery which is setting up, or you might prefer to invest a bit of money to help a local childminder extend the house in order to take on more children. You could work it like a loan, so that you get the money back but with interest after a certain time period. This is ideal if you have some money in a bank account which isn’t doing anything – you could get the money back over a period of two years or so and it will have been repaid with interest. You can get advice from professionals like Mark Berger if you need some help when it comes to where the best place to put your money is.
2.Buy a building
This is a great opportunity if there is a nursery or children’s centre in the area which is looking for a new building. If you have the money to buy the building, you could then rent it out to the other party. You would easily gain back the money you had spent on the building and also a profit if you continued to rent it out for years after this time. The great thing about owning a building is that you can always make some money off it as long as you can get someone to rent it from you.
3.Start a nursery
If you have some money to invest somewhere and you have a passion for childcare, it’s a great idea to start your own nursery, especially if you want to start some kind of business too. Starting a nursery allows you to plan it properly, give it a name, find customers and employ staff, just as you would do if you were opening a shop. You could even work in the nursery yourself, or you could simply manage the nursery from a distance. Since people would pay for their children to come to the nursery, you’d be making money from that, which would cover the costs of running the nursery and allow you to have some profit at the end of each month.
4.Loan Money to childminders
Childminders might be looking to get some small loans at small interest rates, so if you have some money which you don’t want to use just yet, this is something to think about. You would have to make sure that it was done correctly and with signed contracts to avoid any dishonesty from either party. Loaning smaller amounts would mean that you could get the money back in a shorter period of time plus interest.