What is the best thing to do with your savings? How much money do you need to start an online business?

I've recently come across a pool that asked about the reason why I am not saving money. For me, personally, the answers were merely excuses, tons of reasons why people are not saving money. I think that saving money is a responsibility for everyone regardless of their financial situation. There is always a way to save money, even if it's just a few pennies. It is easy to become enslaved "just" for a reason not having savings. Even little money that you have spared can help you to say "No" if you feel enforced to do something you do not want to do or to say "Yes" if an opportunity appears on the horizon.

There is a misconception about spending saved money. The best use of saved salary is to invest, so in time, this money will eventually make a little money "by themselves". There are many ways how to invest (same as there are many ways to save money), but I think the best investment is to spend money either on yourself or, if you are that lucky, on your kids. Buying a new TV or another gadget is not an investment. I am thinking more about educational purposes, learning new stuff or even experiencing new things, like making a trip to a different country (but again, the all-inclusive trip is not an investment either).

If you are reading this article, it means that you are thinking to invest in your online business. This is an excellent investment opportunity, but you must be aware that it is risky, requires a lot of time and even more money to make a return. But on the other hand, you will learn a lot, gain great experience, and you get the perspective to get one of the highest investment returns that money can buy.

How much money do you need to invest in an online business, such as Software-as-a-Service, to succeed? I would say, quite a lot. You can have a look at Crunchbase find a startup that operates in the area that is closest to your interest. These startups are getting millions of dollars of investment. This enormous amount of money is fueling these companies so they can make the revenue.

So what to do if your savings are not even a fraction of the funding startups receive? Let's break it down into three categories.