When it comes to saving money, people usually think of much easier and less painful ways. This article will show you the best way to invest your hard-earned money while avoiding unnecessary risks and growing your wealth.
Interested in investing 100 dollars and turning it into 1,000 fast? Read on to find out how.
Table of Contents
Have $100 to invest? Here are 28 ways to invest your cash
Pay off your debt
Saving money is essential, but even more important is learning how to spend wisely. The quickest way to build wealth is through a budget, and the first step to building a good budget is by reducing your debt as much as possible.
Invest in a Certificate of Deposit (CD)
CDs are very safe investments. They are usually fixed interest rates and come with no risk of losing money. You can also keep your money in the CD for many years, allowing you to make more money from it.
Look for a stable stock that pays dividends
Stocks can be a little riskier than fixed interest. Still, if you find an excellent company with an excellent record of staying in business and paying their dividends, it can be very profitable.
Invest in bonds
Bonds are also a way to earn interest on your money without taking too much risk. These are usually issued by the government or large companies and are backed by the full faith and credit of the issuer.
Start a blog
One of the best ways to make money blogging is through affiliate marketing. If you have a blog about something you find interesting, you will begin to receive many more customers. This is because people will trust you more than other advertising, resulting in more sales.
Buy items locally and sell them on eBay
eBay is an excellent way to sell items that you have found in your area. You can buy and sell many items for an incredible profit if you find the right buyer. It’s all about finding the right items and doing your best to get exposure for your auctions.
Peer-to-peer lending is a type of loan; the borrower does not have to rely on a credit card company or bank as a lender. Instead, the borrower pays interest to the individual or company that has lent him money. Lending can be a risky business, so make sure you are careful before investing too much money in it.
Invest in yourself
Investing in yourself is one way to ensure you are worth more to employers and customers. You can take classes, purchase courses or workshops that will teach you new skills, or get higher education; all of these things will make you more valuable to potential employers.
Buy partial shares of stocks
You can buy partial shares of stocks from companies you believe in without paying a lot of money. This will allow you to invest your money wisely without breaking the bank.
Consider starting a business that you can run from home
Running a business from your home can be both exciting and profitable. You won’t have to pay many of the expenses of a traditional business, and you can make more money while having more time to do what you love.
Put your money in a high yield savings account
These high yield savings accounts will earn you interest on your savings while also allowing you to keep your money in a safe place until such a time as it is needed. You won’t earn much, but it’s the safest thing you can do with your money. You can pretty much guarantee that your money is safe if it’s sitting in a bank account.
Put your money in a 401k
If your employer offers a 401k, this is an excellent way to invest. Self-employed people can also set up their own 401k, which allows you to make contributions toward your retirement.
Put your money in an IRA
If your employer doesn’t offer a 401k, you can open an IRA, which allows you to put money away for retirement. You can also contribute to a Roth IRA even if your income is too high.
Buy a small piece of property
This is a great way to make money because the price is usually low, and you have an asset that will increase in value over time. Plus, there are many ways to make money from buying property.
Real estate investment trusts
If you want to build wealth in real estate investing, this is a great way to do it. These companies buy real estate and then rent them out. As a result, the underlying property can increase in value over time, which means more money for you at the end of the day.
You can buy original artwork or prints for reasonable prices and sell them on sites like eBay for a profit. While this doesn’t qualify as an investment, you will still make money. Also, keep an eye out at yard sales and other flea markets where people might be selling artwork at a price that you know you can make a profit at reselling it.
You can find a lot of fabulous antiques for very little money. Of course, you will need the time and space to shop in antique stores, but you can make a lot of money off of them. Sometimes you can find a real gem, and the person who owns it has no idea how much it’s worth.
Take your hobby and make it profitable
If you enjoy doing something, you can take it to another level and start a business around it. Many people have made a ton of money by taking their favorite pastime and specializing in it.
Invest in penny stocks
Some penny stocks have a lot of potential for growth, which means you can make a lot of money. They are very risky, but if you do your research and know what you’re doing, they can be worth it.
Raise chickens and sell their eggs
Chickens are inexpensive to buy, and they produce eggs. People love to buy eggs from local farmers, so this can be a great way to make money raising chickens. Healthy chickens lay eggs every day, which means you will have eggs every day to sell to your customers.
Sell items on Craigslist
This is a great way to make money because it doesn’t take up much of your time while making you money. You can list items on the site and then sell them when someone contacts you about the item you are selling.
Start a cleaning company
You can start a cleaning company by investing your $100 in cleaning supplies. You should be able to make back your investment after the first one or two customers. After that, try to get cleaning jobs that pay enough to make it worth your time so you don’t bust your back for a few dollars here and there.
Start a moving company
This can be a great way to make money because you can charge more than just your hourly rate. You can rent the truck with your $100 and charge at least several hundred dollars per moving job. If you’ve got a good back, this is an ideal business for you to start.
Learn how to knit and make blankets and sell them
You can make a lot of money by making blankets that you can sell on eBay. This is a great way to build up your Etsy sales and develop into an online store for knitters who want to sell their products. A $100 can buy a lot of yarn, making a really nice profit off it.
Sell on Etsy
Etsy is the place to sell your handmade items, so you should be looking for ways to make money on Etsy. This isn’t a guaranteed way to make money, but it’s a way that people do make a good living. You can start with just $100 and reinvest your profits as you go along.
Do odd jobs and repairs
If you have some miscellaneous skills and know-how to fix stuff around the house, you can make a pretty good side hustle doing repairs and odd jobs. Invest your $100 in second-hand tools and buy better ones as your profits begin to roll in.
Make an online course
Have you ever considered making your own online course? This can be one of the easiest ways to make a good living. Create your course, invest in a domain, some hosting, and you’re ready to go. You can easily turn your $100 into much more in a short time.
Buy ads on social media
Promote affiliate offers by buying ads on social media. Are you going to turn a profit? Well, probably not if you’re a complete newbie. However, if you’re lucky, you might be able to make a profit on your first ad run.
Ready to invest 100 dollars?
There you have it! Do these 28 things, and you’ll be on your way to making some money investing just $100. It’s not much money, but if you invest it wisely with some of these ideas, you can turn it into quite a bit with a bit of elbow work. The highest returns you’ll get are by starting a blog or finding stuff to sell on eBay.
If you’re searching for an almost foolproof way to invest your money with virtually no risk, the best and only place to do so is with a savings account. Savings accounts are insured through the FDIC, a government agency that guarantees the safety of your money. This means that your money will always be there waiting for you if the bank goes under or something happens to it.