A $100 (55000frs) bill might look small as investment capital, but if you know the right ways and things to invest in, it could make you up to $1000 a day. Let’s show the best way to invest 100 dollars.
I used to feel sorry for myself for not having enough money some time back.
The issue wasn’t about not getting money because I was getting some, but I didn’t know what to do with it.
Sometimes I even had more than $100(55000frs) lying about, but it was never enough to start something or invest.
Every dollar I came across had only one purpose then; to take care of expenses. I knew I didn’t want to live this way, so I started searching for ways to make something out of every dollar that I got.
I realized that there are many ways of making $1000 a day in my search. It didn’t matter if I had as low as $100 as my investment capital.
So, I will take you on a journey; sit tight, relax and enjoy. I will teach you the best ways to invest $100 to make $1000 a day.
This post will tell you things you have to do with $100 to make $1000 a day; yes, there are such opportunities.
Sure Investments In 2022: Invest $100 Make $1000 A Day
No one thinks investing is easy, and it’s not child’s play to find opportunities you can start investing in with $100.
Nonetheless, there are a few ways you can invest $100 and have it be worth your time and effort. See the best ways to invest 100 dollars.
1. Savings Account
This way might seem boring to you, but it’s an excellent way of investing your $100, and they are super safe.
Using a medium like this is not for you to dump your money but to build it up and look for better opportunities.
There are CIT banks to invest your $100, and even though they might not feel like a high-interest investment, they are still way better than the brick and mother banks in your communities.
If you want to start with $100 as investment capital, put it in your savings account and build that up about ten times. Once you start with a $1000 investment, many great options will open up to you.
2. Robo Investment Advisors
Betterment is an example of this kind of investment class, and they provide online portfolio management that needs no human touch to operate.
The idea is since you can’t afford to pay a finance broker from your meager investment capital, use a Robo-advisor. They only ask you a series of questions and then invest your money automatically, based on your tolerance for risk.
Stash is an easy-to-use investment platform that allows you to start investing at as low as $5. Stash offers you $5 for signing up on their free app.
Nevertheless, stash charges you a $1 per month maintenance fee and a 0.25% fee for accounts less than $5,000. Either way, that’s super cheap for allowing you to get started for as little as $5.
4. Lending Club
Lending Club is a peer-to-peer lending service. Peer-to-peer Lending is actually what it sounds like: in the real sense, you’re lending to someone else.
Ordinary folks lend and borrow from each other to make a profit.
Lending Club is the world’s largest online marketplace for connecting borrowers and investors.
You can make some pretty sweet returns at Lending Club, and the good news is you can invest with as little as $25.
However, you must note that Lending has increased its minimum deposit to $1000.
5. Your 401(K)
This investment method is one of the best ways to invest 100 dollars. You can have money taken directly out of your paycheck and deposited into your 401(k), starting with your first $100. 401(k) is simple. And hey, if you have a 401(k) match, why not take advantage of it?
If you choose to do this, ensure you know what you’re investing in. Target date Mutual funds are a no-no for me.
There’s no better investment than self-improvement and development. Investing in yourself, for me, is the most significant way to enrich oneself financially and otherwise.
Find development courses on Udemy or online libraries like Lynda.com and sharpen your skills in a particular area. You do not need to start a new course all the time.
Sometimes find missing links in your life and fill them in by learning a new course. The ROI of oneself is endless. So if you are still looking for what to do with that 100 dollars, try investing in yourself.
“While investing in a Roth IRA is good, it’s only worth it if you keep investing. Instead, I’d rather take $20 and invest in a knowledge course on Udemy. I’d sharpen my skills in a specific area, then take the rest of the money and advertise my new service to my customers and new customers. If all goes well, that $100 could end up earning me $1,000 in a month or more. That new skill could keep me earning more month after month, which is an excellent way to spend $100. Don’t try to learn something from scratch; sharpen a skill to make you marketable.”
Reading makes a man or, in this case, men and women. Investing in books is a way to improve your knowledge. And they who learn more do more, and when you do more (productively), you’re bound to earn more.
Books can change the way you view life and give you fresh perspectives on handling even your finances.
I recommend The Richest Man In Babylon by George Samuel Clason. You can find other good finance books to help improve your life.
8. Build A Business Of Your Own
If you get the right books and gain the right skills, you might learn something about starting a business.
So, take that $100, invest it in something that others might not have thought of, maybe render a service to your neighbors like mowing their lawn. Grow it from there.
One good thing about owning your own business is the higher up the ladder you are, the more you get paid, and the more control you have. And you can’t go any higher than owning your own business.
9. Explore Paid Survey Sites
Also, many sites that will pay for your thoughts don’t just stop at surveys. Some companies provide a wide variety of different tasks to keep users interested.
10. Work As A Sales Person
Talented salespeople earn a considerable amount of money. It’s evident that everyone has the ‘Gift of the Gab,’ but those that do can command hundreds of thousands of dollars every year. As the vast bulk of this is made up in commission payments, you won’t be able to rely solely on a fixed monthly income.
Successful salespeople earn hundreds of thousands of dollars each year; you, too, can be one of them.
Prosper is another peer-to-peer lending service worth trying. If you have 100 dollars, you don’t know what to do with it. Like the lending club, you can also invest as low as $25.
Prosper Can give you some pretty good returns, so if you have 100 dollars you’re not sure what to do with or what to invest in, try Prosper Lending Club.
12. Ally Investment
Ally Invest (formerly known as TradeKing) is an online broker that allows you to trade for only $0 a pop.
And here’s the deal: you can fund an IRA or Roth IRA with as little as $100. That’s right; there’s no minimum at Ally Invest, so you have no excuse not to get started investing.
The mutual fund company offers a portfolio manager to help you find new investments based on your risk tolerance and research tools to help you strategize and manage your assets.
This is for people who travel a lot; there are ways to save extra bucks if your job requires you to travel virtually all the time. You can get the Recheck program at $85, so you can breeze through airport security with little or no hassles.
14. Write A Book
Write a good book if you think you have what it takes to write. If It’s good enough, you make even more than a thousand from it. Say if you sell your book at $10 a copy, and you’re able to sell 100 copies a day, easy-peasy. You’ve got yourself a $1000.
15. Invest In The Stock Exchange
Do check out the fine print when investing with small dollar amounts. Brokers who charge high fees can eat up the profits of beginner investors real fast. However, beginner investors who start investing with smaller dollar amounts can grow some extreme wealth when done right.
But hey, before you invest, get yourself educated, so you don’t make rookie mistakes and lose all your money.
16. Index Funds
Index funds are a popular choice for investment managers and for good reason. Open a Roth IRA and invest in a low fee S&P index fund.
Index Funds are easy to understand, so take your time to understand the different investment options.
17 Clear Your Debt
Debts are huge setbacks for anyone seeking financial freedom.
Having debt is like having an investment that goes poorly every moment you hold on to it. If you want a guaranteed return on investment, paying off your debt is a great idea.
So if you got a debt, try to pay it off first.
Putting your money into charity is like investing in another person. It has a promise of great reward. Philanthropic activities are probably the best investment you can make after your self-development.
So if you think you have some money you’re not using, take up a charity cause maybe.
19. Save For College
$100 won’t even buy your kid a college textbook these days, but it’s a start. Anything will help reduce the student debt down the road. Set up a 529 College Savings Plan and start saving now. As a bonus, you get tax savings, which furthers the return on your investment.
20. Start Your Blog
It’s a simple thing to do; while you’re making a positive impact in the lives of others from the content you’d publish, you’d also be making some money.
With less than $100, you can start one of your own and have it up and running in an hour. This remains one of the best ways to invest 100 dollars.
Running a blog might be what you need right now.
21. Become A Social Media Manager
All you need is already at your disposal, internet access, a mobile phone, or a desktop. I’m sure you either of these. All you need is to take a few courses online to know all there is to know about the job. And you can do this while keeping your regular job. I just need to work out a schedule that will fit.
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Starting an investment with $100 might look small, but it can be grown into something tangible with time. The problem most investors face is starting; once you take that bold step, the following steps will be more manageable.
Whatever you choose to do, make sure that you’re familiar with whatever niche (so you decide to hedge your 100 dollars on. Additionally, do not restrain yourself from investing more if you have what it takes to do so.