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If you're sitting on at least $ 1,000 and have an itch in your pocket, invest it instead of spending it on something frivolous. But the question we then ask is: can you really make money fast by investing with just $ 1,000?
The answer to that is a resounding "yes".
While there are many ways you can make money quickly by doing odd jobs or get it through things like affiliate marketing or email marketing, you could actually make money by investing with just $ 1,000 Bring more challenges and frankly more risks. Unless you know what you are doing, of course, it does.
Risks aside, even if you live from paycheck to paycheck, you can still potentially conjure up $ 1,000 on an investment if you are creative.
Before you dive in, there are a few thought principles that you need to adhere to. It is crucial to move beyond the scarcity mentality. Too many of us live our lives thinking that there are never enough things – that we don't have enough time, money, connections, or opportunities to grow and live life on a higher plane.
It's just a belief system. Think and you will. If you feel that you cannot get rich or even make a considerable amount of money by investing in lucrative short term investment vehicles then this is much more of a mindset issue than anything else. You don't need to invest a lot of money using any of the following strategies.
Sure, investing more money would be ideal. But it is not necessary. As long as you can identify the right strategy that works for you, all you have to do is scale it up. It's similar to creating an online quote, finding the right conversion rate through optimization, and then scaling it up. If you know you can invest a dollar and make two dollars, keep investing a dollar.
Start small. Try different methods. Track and analyze your results. Don't get so involved in how you get wildly rich overnight. That will not happen. However, if you can use any of the following methods to make money investing small, short amounts of capital, all you have to do is scale up – plain and simple. You don't have to rethink it.
Related: 13 Easy Investing Apps And Websites For Millennials
How to Invest $ 1,000 to Make Money Fast
When you need to invest $ 1,000 there are several ways to make money. But there are some methods that outperform others. The game here is speed. We're not talking about long-term buy-hold strategies. These are great if you want to invest your capital over a period of at least two to five years. We're talking about ways you can make money fast.
Even when it comes to markets that take time to move or that have longer cycles, investments can often result in realized gains and quick gains by employing the right strategies. What's the right strategy? Sure, long-term work. Real estate and other time consuming strategies will eventually get you there.
Raghee Horner of Simpler Futures says "long-term rates are the next big trade," while Jim Cramer of Mad Money says that "there are tons of people who are inherently late in trends and embrace a trend after it fashion no longer exists. " This is how you get in and out of long-term investing, the more likely you are to lose your shirt than if you plan your short-term games just right.
It's not so much about catching the latest trend. It's not about becoming a webinar guru like Jason Fladlien or Liz Benny – or even building sales funnels or optimizing your conversions. Investing your money is more about paying careful attention to indicators that can really move the needle in the short term rather than the longer term. It is also about using your investments properly and securing them without putting too much risk on the line.
That doesn't mean you don't need a long-term strategy. You definitely do. However, if you want to generate some momentum and capital in the short term, the following investment strategies can help.
Day trading is not for the faint of heart. It takes grit and determination. It takes an understanding of the various market forces. This is not intended for amateurs. However, if you have learned and learned well, you can make a significant amount of money quickly and in just a few hours with a relatively small investment.
There are also ways to hedge your bets when it comes to playing on the stock market. Whether you are playing the general market or trading penny stocks, make sure you set stop loss limits to reduce the potential for significant devaluations. If you are an advanced trader, you probably understand that market makers often move stocks to accommodate either our fear of failure or our greed. And they will often push a stock down a certain price to heighten that fear and gamble straight into their pockets.
When it comes to penny stocks, this is further exaggerated. So you need to understand what you are doing and be able to analyze market forces and make significant profits. Watch out for moving averages. Often times, when stocks break the 200-day moving average, there is the potential for a major uptrend or a major downtrend.
Related: What Causes Stock Market Crashes? Too much testosterone, says science.
2. Invest in a money making course.
Investing in yourself is one of the best possible investments you can make. While you may not be able to determine an actual return on investment, there is no money that can be better spent. Invest in yourself. Invest in your education. Learn. To adjust. To grow. Discover what you are passionate about.
There are tons of money-making courses on the internet. The hard part is choosing the right one. From e-books to social media marketing to search engine optimization and beyond, the possibilities are unlimited. While many money making gurus pop up on social media, not all courses are created equal. Take the time to do your due diligence and research to choose the one that's right for you.
Related: Mark Cuban's 3 "Smart Money Moves Everyone Should Make"
Trading commodities like gold and silver presents a rare opportunity, especially when they are trading at the lower end of their five-year range. Such metrics give a strong indication of where raw materials could go. Carolyn Boroden of Fibonacci Queen says, "I have long-term support and timing in the silver markets because silver is a solid hedge against inflation. Also, commodities like silver are tangible assets that people can hold onto."
The fundamentals of the economy drive the price of raw materials. As supply falls, demand rises and prices rise. Any supply chain disruption has a serious impact on prices. For example, a farm animal health scare can change prices significantly as scarcity is free. However, livestock and meat are only one form of commodity.
Metals, energy, and agriculture are other types of goods. To invest, you can use an exchange such as the London Metal Exchange or the Chicago Mercantile Exchange, as well as many others. Investing in commodities often means investing in futures contracts. In fact, this is a pre-arranged agreement to buy a certain amount for a certain price in the future. These are leveraged contracts that offer both a big uptrend and a lot of downside potential. So be careful.
Related: What Starbucks Teaches About Marketing Commodity Products
4. Trade cryptocurrencies.
Cryptocurrencies are on the rise. While trading them may seem risky, if you hedge your bets here as well, you can limit some of the consequences of a poorly timed trade. There are also many platforms for trading cryptocurrencies. But before you dive in, you should educate yourself. Find courses on platforms like Udemy, Kajabi or Teachable. And learn the intricacies of trading things like Bitcoin, Ether, Litecoin, and others.
While there are over 3,000 cryptocurrencies, only a handful really matter today. Find an exchange, examine the trading patterns, look for breakouts of long-term moving averages, and get into trading. You can use exchanges like Coinbase, Kraken or Cex.io along with many others to do the actual trades.
Related: 6 Cryptocurrencies You Should Know (And None Of Them Are Bitcoin)
5. Use peer-to-peer lending.
Peer-to-peer lending is a hot investment vehicle these days. While you may not get rich investing in a peer-to-peer credit network, you could definitely make some cash. Which credit platform do you use? There are many to choose from these days, but the most popular are Lending Club, Peer Form, and Prosper.
How does this work? Peer-to-peer lending platforms allow you to give small injections of capital to businesses or individuals while getting an interest rate on the return. You get more money than if you put it in a savings account, and your risk is limited as the algorithms do a lot of the work for you.
Once you've identified the offer, you can dig in and do some research – then you can either accept the deal or not. You have your risk assessed using a proprietary algorithm that includes employment and credit history, and you can base your investment decision on a variety of well-thought-out data.
Related Topics: Why Peer-to-Peer Lending Could Be a Good Investment Decision
6. Trading Options.
When it comes to options, Tastyworks' Tom Sosnoff says, "Act small and act often." Which type should you act? There are many vehicles like FOREX and inventory. The best way to make money by investing in options is to get in about 15 days before the corporate earnings release. Which Type Should You Buy? Money calls.
The best time to sell these money calls is the day the company publishes its profits. There is so much excitement and anticipation of the outcome that it usually drives the price up and gives you a constant winner. But don't stop by the receipts. This is a gamble you won't want to enter unless you are a seasoned investor, says Simpler Trading's John Carter.
Related: 2 Strategies To Trade Money A Day With Slightly Less Risk
7. Reverse real estate contracts.
Making money in real estate seems like a long-term perspective, but it isn't. There are ways you can just invest $ 500 to $ 1,000 in flipping real estate contracts to make money fast. How? To begin with, use a system like Kent Clothiers REWW to understand how the market works. Then you'll get the data and tools to help you identify vacant homes, distressed sellers, and money buyers.
While most people think real estate is won by flipping traditional houses and doing the renovations yourself, the quickest money you can make from real estate is flipping the actual contract yourself. It's arbitrage. Identify the motivated sellers and money buyers, bring them together, and effectively convey the business. It might seem strange at first, but once you get the hang of it, you can become a mini-mogul in the real estate industry simply by scaling this one strategy. It works and is touted by some of the most successful real estate investors in the world.