Success Comes From The Accumulation of Small Things Added Together Overtime: Learn How To Invest $100.
Want to be successful? Learn how to invest $100 confidently before you handle the bigger numbers. It all starts off with the small amounts first, then you’ll hit the big ones like $1000, then $10,000, etc.
Some people hold off on investing because they simply “don’t have enough”. They will invest when they have more money to spare because they believe small amounts won’t make a difference. That’s how I felt when I was in high school. I was in an endless loop of making a few bucks from my paycheque; only to find myself spending it and ending back at square one.
It can seem very small and insignificant, but things have to start somewhere before it snowballs into a bigger result. Aim to save up your first $100 and learn how to invest it. Continue reading to find out how to invest $100 to maximize your return!
Like what you’re reading? Check out my other blog posts that can help you with your finances!
- Should I Invest Or Pay Off Debt?
- 7 Things I Stopped Buying (That Saved Me A lot of Money)
- Thinking About Investing? Read this before you get started.
The best investment that you can do with $100 is to invest in yourself. Grab yourself any educational books to expand your knowledge (Finance, Personal Development, Self-Help, Happiness, etc.) Some books range from $15-30, and you can even download Ebooks online for free.
We can never stop gaining new knowledge; many billionaires constantly read every day in order to expand their horizons. If you want to grow as an individual and develop yourself to the next level then you need to continue learning. Your results currently are derived by the knowledge you already know; if you want to continue to further your success, you need to further your knowledge.
2. Stock Market Investing
If you haven’t read my blog post on why you should be investing then check it out here. The reason why I love investing in the stock market is that it can generate you a return on your investment more than a normal savings account can ever give you. Not to mention, investing in the stock market requires very little in order for you to start.
Open up a brokerage account through your bank or an online brokerage website, and start purchasing any stocks that you believe will do well and are willing to support. Obviously, with $100 you won’t be able to buy any FAANG stocks, but there are many corporations with a stock price of under $100.
Do your proper research before investing in the stock market. I would advise steering away from penny stocks: although they are cheap, they can be very risky! This is just my opinion, I am not a financial advisor!
3. Side-hustle (blogging)
I mentioned in my 5 Money Trap blog post that one of the traps are relying on one source of income to sustain your lifestyle. If you’re employed and want to find another source of income other than the traditional work-by-the-hour route, then consider investing your time and effort on a side-hustle.
It doesn’t just have to be blogging; you can start a YouTube channel, develop your brand, or start a business. The options for side hustles are endless; you just have to find the things that drive your passion.
I decided to invest my $100 on my blog. I grew and eventually monetized my blog in order to generate a return on my investment. I currently use BlueHost to host my blog page. For as little as $60/year, you can start blogging and aim to grow it into a successful side hustle.
4. Flipping products
There are many things that you can buy under $100. Look into Craigslist for used products or shop around for discounted goods at the mall; buy it and then sell it close to its regular retail price. If you have an interest where you are very knowledgeable about something (electronics, clothes, sneakers, etc) then you have the upper hand.
I used to collect Funko Pops and they all retailed for $15 (including tax). Luckily for me, I knew which ones were rare and which ones were average. Because I had the knowledge about the rarity of them, I had the upper hand when it came to selling and negotiating.
This is not usually not included in these types of lists, but exercising is vital in order to keep a working and healthy body. If you want to be at full capacity and performing at your best then you need to be healthy and invest in yourself. Most people want to invest in something that usually guarantees monetary value, but they often neglect to spend time in bettering their health. Invest your money into a gym membership so you can keep yourself healthy in order to operate at full capacity.
How to Invest $100 Conclusion
These are the 5 ways on How To Invest $100. Remember, investing is a long-term game that starts from small amounts added up over time. You can’t expect to make a huge return off of $100, but it has to start somewhere. Eventually, you will find yourself investing more and more. All you need to do is get that momentum going. Sometimes it’s not about keeping the effort going, but it’s about having the motivation to start.
Now that I have given you the inside scoop on what to invest in, one of my next blog posts will be in what not to invest in. Keep an eye out for that post where I go into the details of the things you should not do when it comes to investing your money.
I hope you found this blog post helpful and comment down below if you have any other recommendations on what you can invest $100 with!