How To Invest Your FIRST $1,000 Dollars in 2021!
What if you found a thousand dollars just lying on the sidewalk, and you picked it up with a note saying that you had to invest it in the next 24 hours or else it would disappear? I’m curious what you would do in this video. I’m going to talk about how I would invest a thousand dollars if I had to spend it within 24 hours. Again, these will be some really great ideas and topics for how you should invest a thousand dollars. Maybe you have an extra grand sitting around your bank account that you’re looking to invest in the most impactful way. Some of these might be kind of crazy. I think number six is going to be one of those ways where you might be a little surprised. Still, it’s something that I’ve done in the past where I’ve gotten a great amount of value out of this investment strategy, and let’s go ahead and dig into my top investment strategies for spending 1k in investing.
Now I also want to preference this that this isn’t financial advice. This is just me saying if I found a magical, mysterious thousand dollars on the sidewalk, I would do with it to make sure you research and invest carefully, so starting off at number one is cryptocurrency if I had a thousand dollars. I wanted to invest in something within 24 hours. So I would go ahead and invest in crypto, probably around 70 percent in bitcoin 30 in Ethereum. So I would just let that sit in exchange like coinbase and just kind of let that rides over time if you want to go ahead and get some free bitcoin to check out the link in the description below. You can get up to 250 dollars in free bitcoin today. You don’t need to wait to find money on the sidewalk; I’m giving it away for free check out the description below.
So in this scenario of finding a thousand dollars lying on the sidewalk, another great impact would be to invest in stocks. I think if you’re wanting to play it safe, investing in an ETF like the s p 500 would probably be the safe bet. I’ve personally earned around 30 returns on my investments with the s p 500. Still, if you want to go a little bit riskier, I would go ahead and pick some sort of hyper-growth stock. I would go ahead and pick some sort of hyper-growth stock like the upcoming direct listing of coinbase I made a whole other video. I’ll link that below as well if you want to find out why you should invest in coinbase and why I think it will be one of the biggest stocks of 2021.
Moving on to number three is to build the business. Now I know a thousand dollars probably doesn’t seem like a lot, but it’s enough to create an online business, and within 24 hours, I’ve built websites. Within a few hours, it doesn’t take that much time, and it’s a skill that I’ve learned over the past five or six years of building websites very quickly. At low cost, I would say the average website that I build costs well under a thousand dollars, so I would probably spend two or three hundred dollars building the website, getting the domain, getting the hosting, spending on some themes, and stuff like that. Still, I would put the other I don’t know 800 into marketing this business as fast as possible within 24 hours. The biggest way to do that would be ordering content, getting those blog posts ordered, getting some SEO stuff ordered backlinks to that.
So I think within a day, I would be able to build a website, get some content ordered, and spend that money. So even though some of the services might take a while to turn around, I’d be able to spend that thousand dollars like that, so if you’re interested in making your own online business make sure to reach out to me, I can try to point you in the right direction if you have a thousand dollars invest but again a lot of times, you’re going to need a lot more money than that unless you have a few of these certain skill sets already figured out and already established so moving on to my fourth investment strategy is to invest in educational products so I would probably spend at least 100 to 200 on audiobooks ebooks or physical books again I think you can get so much value for the amount spent on books it’s crazy to find some of those books and I have a video where I talk about my most impactful book, so I’ll also link that below.
But investing in books is one of the greatest returns I’ve had for them out of money. Also, in educational products so if you’re wanting to learn more about starting the business, maybe you could spend 500 to a thousand dollars on an educational product that you know is going to give you much more ROI and actually taking that course learning more information and essentially just learning online on spending that thousand dollars and finding a way how you can turn that into ten thousand or fifteen thousand or twenty thousand dollars again I think when you have a thousand dollars investing in educational products is probably going to give you the biggest ROI over a longer period of time then the next thing I would say if you have a thousand dollars invested in yourself. I know that’s super cliche to say. What does that actually mean? How do I invest myself?
I think you know maybe it’s a combination of educational products getting books. Still, I also think it’s nice to make sure you’re also eating healthy the healthier I eat. The more that I exercise, the more wealth that I accumulate. It all kind of goes into this perfect triangle of eating well, exercising, working well, and staying efficient, so investing in something like a gym membership, some type of nutritional diet that you’re going to be putting on, I think a lot of that will pay off way over time because you’re going to be living longer. You’re going to be living happier. So you’re going just to be feeling better and be more motivated to work harder and make sure that thousand dollars go to good use. So definitely invest in yourself if you know it’s going to pay off, and you know it’s going to help you out down the long run, and then lastly, investing in technology.
Now I’m not saying buy a tech stock or something like that, which is probably a good option but buy a good piece of tech. Right now, I’m filming this video on my iPhone find something that can make you money so my iPhone my laptop has made me I don’t know a thousand times the ROI since investing in that it’s something that I use daily I get an extreme amount of joy from learning videos on youtube, listening to audiobooks, and making these youtube videos. I’m using my iPhone literally right now to make youtube videos. I use my laptop every day to make money online building websites making, and running my online businesses, and again, buying this technology has given me such a big impact on my life and has given me such a large ROI, so if you do have a good plan for the technology.
I would say a thousand dollars is a really good amount of money to buy a used laptop that’s really powerful maybe it’s a year old or something like that or to buy a one year or one generation behind a smartphone like an iPhone 11 pro which I’m using now for these videos I’m curious what would you do if you found a thousand dollars make sure to leave a comment below and if you haven’t yet smashed that like the button, it really helps me gain more exposure on youtube and share this video with more people like yourself. If you haven’t subscribed yet, make sure to hit the subscribe button turn on the bell notification icon to get alerted about the two new videos I’m releasing every week. Take care and have a wonderful rest of your day.
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One, I would invest in index funds. I think this would be a great idea because it will give you the exposure that your money is going to get. You want to make sure that you are not just investing into one stock, or one mutual fund, or one company’s stock so that your money gets spread out and you have some diversification.
Let’s go ahead and dig into my top investment strategies for spending 1k in investing. .One, I would invest in index funds. I think this would be a great idea because it will give you the exposure that your money is going to get. You want to make sure that you are not just investing into one stock, or one mutual fund, or one company’s stock so that your money gets spread out and you have some diversification.