This is not financial advice! The following post is only for informational purposes. We are not advising you how to spend your money. Do your own research before investing any money or you can choose not invest at all. We are not responsible for your choices in any way.
Even if we like it or not, money play a big role in our lives. It’s just the way things are and how our society works.
Some people like to say: “Money are not important to me”. Well, maybe you would like to think this one again because without money you wouldn’t have what to eat, drink or were to sleep. Everything rotates around money and we just need to accept it.
Probably what they’re really trying to say is that of course they care about money to pay the bills, buy food and live a normal life. What they don’t care about is to have a lot of money, which is different. It means they don’t have any ambitions.
In reality they do care about money, they go to work 5-6 days a week to receive money at the end of the month. If they wouldn’t care, they wouldn’t go to work and without having a job and no money, life is a bit complicated to say the least.
The majority of us, we have ambitions, we want a better life, we want to be able to afford nice holidays, luxury cars, a big house or expensive watches.
We spend a great part of our lives doing a job that we don’t like, earning a salary that barely covers the expenses. You can’t depend only on your salary, these days you must have multiple sources of income if you want to live a decent life.
Something worth mentioning is the fact that you don’t just invest 1000$ and instantly make a profit. You have to work for it because this is the only way to succeed in anything in life.
Secondly, one of the worst recommendations you can get online when looking for ways to invest some money is: “Invest in yourself”.
99% from the people who are looking for ways to invest their money in something and make a profit are looking for actual ways and not a thing that they knew already.
If they wanted to invest in themselves they would’ve googled: courses, qualifications, universities or “how to invest in yourself”. It’s a bit annoying when you see people recommending this.
The best 5 ways you can invest 1000$
1. For those who don’t mind waiting a year or two, criptocurencies can be a very good investment.
They’re price is down right now and can be bought very cheap. Criptocurencies are a risky investment and their price can crash in any moment.
Investing 1000£ now could bring a minimum of 2000£ – 3000£ profit when the market will recover.
2. Investing in the stock market is not as profitable as investing in criptocurencies but it is much safer.
We’re talking here about buying stocks and holding on to them until their price goes up, nothing to complicated.
With a minimum of research you can find out what stocks to buy and how much profit you can make in one year.
3. Selling on Amazon is still a profitable business and people manage to make a lot of money with this.
You can sell your own products( t-shirts, caps for example) or find a supplier, usually from China and order something that you think might sell.
Of course a lot of research and work needs to be put into all this projects. You don’t just wake up in one morning and decide to sell something on Amazon.
4. Flipping shoes is a relatively new way of making money. It is a industry that is set to become a 6 billion dollars business in the years to come.
There are sites as StockX, GOAT, Stadium Goods, Depop where you can resell sneakers and make a profit.
Retailers like Nike, Adidas and others sell certain sneakers as “limited release” and when demand exceeds supply, people resell those sneakers for a profit.
Factors like size, supply, brand, collab or time of release are very important and influence the reselling price.
Some people manage to make a lot of money with this, thy use apps like Copdate or bots to avoid lines and secure very anticipated shoes drops.
5. Starting an online store is another important way of making money.
You can choose to sell one or multiple products. It is pretty much the same like with selling on Amazon, with the difference that with an online store you will have to manage shipping, returns and other things yourself.
It’s true you get to keep more of the profits and with a good strategy this could be very profitable.
The same as with the rest of the ideas presented in this post, a thorough research and preparation is needed and also invest only the money you can afford losing.
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