How To Invest Your First $1,000

Imagine your boss hands you a $1,000 check and you get to do whatever you wanted with that full amount of money. What would you spend it on?

In a world with NFT's and OnlyFans, it seems like there is a lot of potential with making money online involving these particular platforms that could evolve into potentially something bigger.

One of the most important things I've learned so far is to invest my money into assets so that those assets can turn into profit instead of spending my money and treating myself on luxurious wants that I'll end up regretting a week later. If you want to get rich, make your money work for you.

Instead of spending that $1,000 on nice clothes or an outstanding 5-star restaurant, here is what you should do with your first $1,000 when it comes to an investing standpoint.

FYI, this is not financial advice but if you take the time to study and learn these potential assets, the sky is your limit because you'll make money with time and patience. Make sure you are well informed before trying it out.

$500 - Stocks

The stock market is risky but it's so worth it.

Just don't be stupid and I guarantee you will make money. Think of places that you go to every day and how much money you spend there. Companies like McDonald's, Starbucks, and Walmart would be great investments if you go there on the regular and help them with business.

If you buy a stock, think about whether you are holding it long-term or selling it quickly to profit. Stocks give you dividend payments that can add up to a good amount of money depending on how much of a stock you own and how high their dividend percentage is. Warren Buffet even suggests investing in the stock market and going after the S&P 500.

Although the stock market is bipolar, it's a strongly suggested way of making money without having to do any work and the average return on the market is around 10% each year.

$250 - Real Estate

Real estate has been known to be a good long-term investment. I'm not a real estate agent so I don't know the front and back of the whole real estate industry but I do know that it's a good way to make money if you find the right mentor and learn about the market.

By making the right renovations and doing a good job at repairing the property you buy, you can increase the original value you bought it for and profit because of how clean and appealing the renovated property is.

$100 - Online Business

I recommend anyone starting a business, no matter how entrepreneurial you are business is everywhere and people should naturally be good at running an online business.

You can use Shopify, Wix, or Squarespace and try out dropshipping or print-on-demand e-commerce stores. It took me almost half a year of taking notes and watching videos on YouTube about the right way to manage a business online but if you take your time to learn about anything new, you're already one step ahead and you'll begin to eventually get good at it.

It's risky to start any type of business and you are bound to lose money in the process so if you aren't a risk-taker and would rather play it safe then I'm all for you. I recommend starting with $100 if you want to try it out but if you get more serious about it you should raise the price up.

$150 - Cryptocurrency

There is so much more I have to learn about the world of cryptocurrency. The whole space has completely evolved and it can become a legitimate asset especially if you know everything about blockchain and all the different ways you can use cryptos like Bitcoin and Ethereum.

With Bitclout and NFT's becoming more popular, and more countries accepting crypto as actual payments it's not too late to jump into the crypto scene. Just don't listen to any influencer talk about their crypto coin because it's a scam and it's always risky to invest in cryptocurrency because of those potential scams.

Takeaway

And there you have it. Trust me, I know it's hard to not spend money for yourself or others but the results will come with patience and time. When it comes to investing, you have to be extra cautious and careful about everything.

There are many success stories with these potential assets. You could be the next one…

At the end of the day, it's your money so do whatever you want with it. Thanks for reading this story! If you enjoyed it let me know by clapping and leaving a nice response down below (or if you have any questions.)

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