3 ways to invest 100 dollars. Investing money is never an easy task. Those that have a lot of money will tell you that more money equals more problems and those without a lot of money will tell you that’s a problem they would love to have.
What are 3 ways to invest 100 dollars ?
First way to invest 100 dollars: High Interest Savings Account
Depending on your situation, opening a savings account might be the best way to invest $100 . Maybe you don’t have an emergency fund. Maybe you’re saving for a vacation. Maybe you want to start saving for a big want or need and simply need to start saving money. Or, maybe, you just want to keep that money liquid. Unfortunately, it’s also the slowest
Second way to invest 100 dollars : Pay off Your Credit Card
Using a credit card for your spending can have many benefits, from added legal protection to cashback or collecting loyalty points at your favourite retailer. However, credit card debt can quickly mount up if you don’t pay your card off in full each month. Credit card debt is expensive. Minimum monthly repayments tend to be set at very low levels, sometimes as low as 2% .If you only make the minimum repayment your debt could take decades to pay off and in that time you could pay thousands of dollars in interest. How to invest or invest 100 dollars ?
Since when does paying off debt have anything to do with investing? It has a lot to do with it in fact. Think of it this way; if you have high-interest credit card debt, you’re paying someone interest on that debt. Every little extra you throw at that debt the less interest you’ll have to pay in the long-run and the quicker you’ll become debt-free.
Third way to invest 100 dollars : Start a blog
Blogging is a business that costs very little to start but does take some time to grow. There are many other bloggers who learn how to produce a full-time income in one or two year.
You can learn everything you need to know by reading about blogging online. Starting a blog and then making it a profitable endeavor does take a lot of work. It takes time and effort. However, it can be done.
The great thing is starting a blog can be done for relatively cheap. Your first step in starting a blog is deciding on a niche. Maybe you’ve already selected a niche. Maybe you haven’t. Your niche will essentially be your content angle. What will you write about? What information will you convey? Will it be about a specific industry? Maybe it will be about a certain area of skills or personal development?
The next step in starting a blog and eventually earning a healthy income, is to find a good domain name.