Is 100 Thousand Dollars A Lot Of Money

Do y'all remember the first time you wrote a check for $100?

The first $100 check I wrote was for my cell telephone waaayyy dorsum in 1997. Whoa…that brings back memories. At that point, it hadn't even occurred to me to invest the 100 dollars – I was just happy to have my cell phone!

What about your offset $100 check? Or your starting time $1,000 check? I bet you weren't wondering how to invest $ane,000 dollars then, were you lot? Even amend, your first $10,000 check?

The first fourth dimension I wrote a cheque for $ten,000 was to pay off my student loan debt. That was, by far, the best check I ever wrote! For me the selection was clear, but where to invest $10K isn't always an easy determination. I'grand here to assistance!

By far the quickest and easiest way to set up up a diversified portfolio of stocks with $ten,000 is through Robinhood – our top investing pick.

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Hither are 17 great ideas on how to smartly invest $10,000.

Tiptop 17 All-time Ways to Invest $10K in 2022

Loftier Yield Savings or CD
Auto-Pilot Investing
Existent Estate
Purchase Bitcoin
DIY Stock Marketplace
Your Home
Aggrandizement Hedge
Coaching Program
Professional Designation/Certification
Become Dorsum to Schoolhouse
Online Courses
Start a Concern
Start a Blog
Launch a Podcast
Resell Products on Amazon FBA
Buy Sports Cards
Pay Off Debt

If you're looking specifically for short-term investment ideas, we take suggestions for those, too. Or, if you accept more to invest, cheque out the all-time means to invest $xx,000 dollars!

one. Invest in a High Yielding Savings Account or CDs

If you want to be completely safe, yous tin can invest the money in loftier-yielding CDs or a high-interest savings account. These days the best rates are coming from online banks.

For example, CIT Bank offers its Savings Builder Business relationship. You can open an account with a minimum of $100, and secure an APY of upward to 0.95%.

Online banks have all of the advantages of traditional banks, including debit cards and ATM access.

Your deposits are covered by FDIC insurance for up to $250,000. And you take all of the benefits of dealing with a reputable banking company considering that's exactly what these online banks are.

ii. Automobile-Pilot Investing

If you desire to put your money into a virtual autopilot situation, a robo-advisor may exist exactly what you lot're looking for.

M1 Finance

M1 Finance is a brokerage where you can invest in stock and ETFs for no fees. This gives them the largest number of no-fee stocks and ETFs of any brokerage online.

What puts them in the Robo-Advisor category is that they have pre-made and managed portfolios where you tin can invest your coin, notwithstanding with no fees, automatically. You can also create your own auto investments, making M1 Finance ane of the more versatile ways to auto-invest.

Edification

What is Betterment? It'south an online investment direction platform, ofttimes referred to as a robo advisor, because everything is handled automatically for you. Investment selection, asset allotment, rebalancing, tax-loss harvesting – it's all done for yous, and at very reasonable fees.

For case, the annual management fees are just 0.35% – or $35 – on an account upwards to $10,000. And it drops to 0.25% when you exceed $10,000, all the way down to 0.15% when you lot attain $100,000.

$10k won't purchase you much in the way of diversification with individual stocks, but information technology volition be enough with Betterment.

3. Real Manor

Real estate is an first-class investment, no dubiousness about it. But $x,000 isn't enough to make a downwardly payment on the purchase of an investment belongings these days, not in most markets (unless your my buddy that's mastered buying real estate with no money downwards). Just that doesn't mean that you tin't invest in existent manor.

One way to do it is through real estate investment trusts (REITs). These investments have several advantages over owning holding outright, including:

High liquidity – you lot can purchase and sell shares in REITs much the same way you trade stocks
Diversification – REITs stand for a portfolio of commercial properties or mortgages, rather than in a single piece of property or mortgage
High income – the dividends paid by REITs are commonly well above the dividend yields on stocks, and in a different stratosphere compared to certificates of deposit
Taxation advantages – REITs don't sell properties most every bit often every bit mutual funds sell stocks; the net outcome is much lower capital letter gains
You don't accept to get your hands muddy – anyone who has ever owned an investment belongings can capeesh this advantage

There are plenty of REITs to choose from out there. The net has made information technology extremely elementary to become started in REITs.

Ane of the most popular is Fundrise. If you lot want to go investing in real manor, Fundrise is easily-down the easiest way to do it.

They walk you through the application process and then allow you lot to browse through all of the possible investments yous can put your money in.

They have a $500 minimum investment, which is the smallest you'll find. With but $500, y'all can become use their Starter Portfolio. With this portfolio, your money will exist put into several REITs. It's a great style to get instant diversification.

Ane of the fundamental benefits of using Fundrise is the low fees. Most investors pay 0.30 to 0.50 in their invested capital letter in fees every twelvemonth. This is a swell style to invest your money without your returns being eaten by fees.

If you prefer to own holding, yous tin consider pooling your $10,000 with i or more other investors, and buying an investment property outright.

4. Buy Bitcoin

Whether you are crypto curious or retrieve that cryptocurrency is the future at present might be the right fourth dimension to finally buy into Bitcoin.

I used to exist a crypto doubter but finally relented when Bitcoin dropped to $7,000. Thankfully, every Bitcoin purchase I fabricated in the outset couple of years has made me some overnice profits.

Afterward reaching a record loftier of $68,000 Bitcoin has traded up and down always since. for many hardliners this has only created a buying opportunity to make it on a dip.

So if you have been on the sidelines waiting for your hazard to finally own some Bitcoin (or any other cryptocurrency for that thing) information technology'south time to open your account on a crypto exchange and make that first buy.

5. DIY Stock Marketplace

Well-nigh people seem to prefer to invest their money in common funds, particularly when it's a relatively small amount of money. But if yous've been showing real ability to make money trading stocks on your own, this might be an opportunity to take that up to the next level.

You can open an online discount brokerage account through companies like E*Trade and TD Ameritrade. These platforms have all the tools that you need to become a sophisticated investor – including educational resources if you demand them.

And, the low fees are a godsend when you lot're trading individual stocks. If you are interested in taking the next footstep with an online brokerage see our listing of the all-time online brokerage accounts for all types of investors.

6. Your Habitation

Co-ordinate to CEIC data, home values have increased every bit much equally 18.iv% over the past 5 years. Other areas like have seen fifty-fifty more growth such as Nashville, TN, which has seen a 30.6% increase in domicile prices.

With the cost of materials still at tape prices, the housing market doesn't seem to be slowing downward anytime soon.

And then how tin can you take reward of this? One way is past investing in your domicile. This could be a basic remodel or finding a clever manner to add square footage.

This plainly makes sense only if you are looking to either sell or refinance your current mortgage. It also makes sense if you know the value of your home. Here are some free websites that will give y'all a adept idea of how much your habitation is worth.

Let'due south say that you accept the ability to add i,000 square anxiety to your electric current dwelling and a contractor is willing to do the job for $l,000. Past calculation one,000 square anxiety to your dwelling house allow'south say your home currently attracts a $150 per square foot valuation, yous've merely added $150,000 of potential disinterestedness into your home.

Fairly simple style to triple your money!

Once you're done and yous're interested in refinancing, be sure to shop effectually for the best mortgage refinance.

seven. Inflation Hedge

Inflation hasn't been a big business for most investors over the final several years. But after recently the Government passed several economical relief programs many fear that high inflation is just around the corner.

There are several investments that offer an aggrandizement hedge merely the one that has get the most popular with investors is the Series I Bail.

Serial I Savings Bonds are a depression-risk investment issued by the U.s. Treasury that offer protection from inflation. These bonds earn interest past combining a fixed charge per unit with a rate directly tied to inflation as measured by the CPI (Consumer Priced Index).

These are offered directly at Treasurydirect.gov and you can purchase upwards to $10,000 of these bonds each calendar year.

And don't exist alarmed when you visit the website, considering it does look similar it was created when the Internet was:

That is the Treasury.gov website – I hope! 😂

For any investor that wants the to the lowest degree corporeality of adventure possible, Series I Savings Bonds should be at the elevation of your listing.

Caput on over to Treasurydirect.gov to observe out what the latest involvement rate is.

eight. Coaching Programs

When we think of investing, we generally think of putting money into assets with the promise of getting a return on the investment. But the best investment that you can make are the kinds that you lot make in yourself. Anything that you can do to improve your knowledge and skills – that will either enable y'all to alive ameliorate or to earn more money – is a truthful investment.

One of the ways to do this is to put some of your coin into coaching programs. This is especially valuable if you are about to take on a new venture, merely don't take much in the way of relevant feel.

If you can sign-up for a coaching program with someone who is actually doing what it is you lot would similar to enter, information technology will save you a lot of time, effort, and coin. Equally the maxim goes, never endeavor to reinvent the wheel. In that location are different coaching programs covering only about any expanse you can think of.

And while we're on the topic, bank check out my Strategic Coaching program to see what it can do for you. I absolutely dear it!

ix. Getting a Designation

This is another instance of investing in yourself. Whatever your career is, you should be looking to add together any necessary designations for your field.

They tin raise your visibility, your brownie, and the willingness of customers and clients to practise concern with you.

cfp designation with a $10,000 investment

I acquired my certification as a CFP® or Certified Fiscal Planner, and it enabled me to launch an entirely new and rewarding career.

Find out what certifications represent the summit of your field, and invest some coin getting a designation for yourself.

x. Going Back to School

If yous feel that your career is stagnating, and a lot of people practice these days, going dorsum to schoolhouse could be the best investment of fourth dimension and money that you e'er make. $10,000 won't get y'all a graduate degree at a name academy, but information technology could cover much or even well-nigh of the price of getting an associate'due south caste at your local customs college.

This coin could present the perfect opportunity to retool into a new career and one that is a lot more relevant in today'south economy. According to the National Association of Colleges and Employers' 2019 Job Outlook survey, The states employers plan to hire over 16% more than class of 2019 grads than they did 2018 grads. NACE'south data suggests that 2019 holds the most promising hiring outlook for new higher grads in over 10 years.

11. Online Courses

If the idea of returning to school to get a new degree doesn't appeal to you, or if you are at a bespeak in your life where it's simply too inconvenient, y'all should look into taking online courses. In that location are all kinds of courses available that can help you motion into a new career or business concern.

12. Starting Your Ain Business

This is even so some other example of investing in yourself. By starting your ain business, you put yourself in a position to take maximum advantage of your knowledge, skills, and abilities. That increases the likelihood of your earning a high income.

Leaving my onetime brokerage business firm and starting my ain financial planning do ranks as one of the best business decisions I've made. It definitely had its scary moments, only the rewards have been astonishing.

Thanks to the Internet, it's very possible to start your own business with just a few yard dollars. Heck, I started this blog for less than $500! Cull the business that you desire to go into, study how you can market the business through the Internet, and then come up upward with a business programme. $10K should exist more enough to go started with.

In fact, you better not start out with more than a $v,000 investment for an online business. At that place are plenty of ways to showtime a domicile-based business concern that require very little upfront capital letter.

Ane more than betoken in starting a concern. When you put money into a given investment, yous're doing so with the idea that it will be worth more coin in the future. But when yous have a business, it can provide you with an income for the rest of your life. That'south more than valuable than just about any other investment that you can make.

13. Starting a Blog

This can exist a winning idea on then many levels, and you lot probably won't need anywhere well-nigh $10,000 to make information technology happen. Choose a broad topic expanse – careers, technology, finance, investments, real manor, or merely about anything y'all're interested in and have at least above-average knowledge – and build a blog around it.

That's what I did with my blog. Equally a financial planner, it's been easy for me to tackle personal finance and financial planning-related articles on an ongoing footing.

My married woman had a dissimilar start with her blog. It started every bit a mode to document our growing family, but afterward she realized she could brand actress coin blogging she started focusing on things that she was passionate near motherhood, fashion, home decor, and our awaiting adoption. I'm still in amazement at how often her home tour page has been shared on Pinterest – over ane million times!

The idea is to create a website with valuable content that volition draw visitors to information technology. And as it grows, you lot volition take opportunities to monetize it through advertising, affiliate arrangements (essentially, selling other people'due south products), or equally a platform to sell your own products and services.

This could exist a manner of building a side business, rather than taking the plunge into a full-time venture. You can exercise it every bit a sideline until you are gear up to ramp it up to full-time. And y'all can move at any step is comfortable for you. But in one case you get going, a web log tin can be an incredible source of new and exciting opportunities – every bit well as income.

xiv. Launching a Podcast

Podcasts are basically blog articles set to audio, just they take the advantage that they can likewise be placed on other websites for greater exposure. And just equally is the example with a web log, there are ways that yous can monetize podcasts.

The simplest manner is to do a series of podcasts and solicit listener donations. This can work beautifully if you have a loyal post-obit. You lot tin also become advertizement sponsors, in much the same way that y'all would for a blog, who would pay for a mention in your podcast, or on the site where the podcast appears.

John Lee Dumas from the top-rated podcast on iTunes has fabricated a proper name for himself with his podcast, Entrepreneur on Fire. John launched his podcast in 2012 and since then has made almost $3 million in revenue! The best part is that he publishes his super highly detailed income reports monthly for those that want to chart his progress. In the first, much of his revenue was from advertisers and since so he has offered various courses and products for those interested in monetizing their products. This man is truly on burn down! 🙂

15. Resell Products on Amazon FBA

If yous have a talent for finding bargains only have never had the inclination to sell some of those bargains for profit, Amazon FBA is probably the well-nigh hassle-complimentary way to practice it.

FBA stands for Fulfillment by Amazon, and that'south exactly what they offer. You deliver the items you want to sell to Amazon and then marketplace them on the site.

Once they have been sold – in the usual way that sales take place on Amazon – the company will handle the shipping for yous. Information technology'due south 1 of the easiest ways to run an online business organisation.

16. Your Old Hobby: Sports Cards

Remember that old shoebox you've had stuffed in your closet with all your baseball cards from when you were a kid?

It's time to pull them out because you may take a collectible that a sports enthusiast is willing to pay superlative dollar for.

After the pandemic, the sports card industry blew upwards. Cards from when I was a kid, similar Michael Hashemite kingdom of jordan'south rookie menu, were selling for record prices such equally this i for $840,000.

I was a collector every bit a child only didn't think much nearly the hobby until my older boys started collecting. That's what I discovered how much money was pouring into sports cards.

Before you dive in and start throwing hundreds if not thousands of dollars opening packs or trying to find rare rookies, brainwash yourself on how much sports cards are worth cease where is the best place to park your money.

17. Pay Off Debt

This is the virtually risk-complimentary way to invest $10K – or whatever amount of money – and it provides a nearly guaranteed rate of return.

Let'due south say that you lot have a credit card with an outstanding balance of $10,000, that has an almanac interest rate charge of nineteen.99%. By paying off the credit carte du jour, you will not but get rid of the debt permanently, but you will besides lock in what is finer a 19.99% return on your coin.

No, it won't mean that you'll be collecting a 19.99% charge per unit of interest as a cash income on your money, but it will mean that you are no longer paying it – which is virtually the same affair.

Here's another plus: the nineteen.99% that you will earn on your money (by not having to pay it out every year) is income that you will not take to pay whatever tax on. If you were receiving xix.99% on $ten,000 direct, a big chunk of the income would accept to get to pay income taxes every year.

The Bottom Line

With inflation, $10K to invest may not seem like a lot of money these days, merely it's plenty if you lot want to become into some interesting and imaginative investments.

You can utilise them equally an opportunity to grow your nest egg into something much, much larger. It's fifty-fifty enough for you to get into 3 or 4 of these investment ideas, which will give you an opportunity to really grow your money.

Requite a couple of these a try and see if they'll work for you!

Source: https://www.goodfinancialcents.com/how-to-invest-10000-dollars/

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