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I've been working for a couple of years still living in my parents home with no outgoings, meaning all my money goes straight to the bank. I've saved around £30'000+ but I'm unhappy with money sitting there as I feel there would be a better way to make use of it such as private equity or investments after some research - could it be used to kickstart some sort of business?

I guess my question is: How could this money best be invested for me to improve my revenue / increase revenue streams?

chris timber
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I am sure there is plenty of detailed answers on this topic around here so this is the short version

  1. set some money aside for an emergency fund for unemployment, new car, etc. Depending on you life situation this is probably in the 5-15k range. This money needs to be liquid and risk-free. It's only purpose is to avoid going into debt if you need cash fast
  2. determine your risk tolerance
  3. invest accordingly

Private equity is very risky and definitely not in your budget. 30 000£ is at the lower end for an investment in a sensible startup and you would lose everything if that startup fails. Most people nowadays go for low-cost index funds instead as those offer a rather attractive rate of return for reasonable risk and without any need for constant attention or stock picking skills.

Manziel
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