In this article you will find 4 ways to make money with investments of 1,000 dollars that you can apply to get a very interesting investment returns.
Ripple, Bitcoin and other cryptocurrencies are a good idea to invest small; because surely you have been petrified when you see the investment figures that are handled on television every day.
What if a venture in California bought another in Utah for a value of 1,200 million dollars. Or that Binance acquired CoinMarketCap for 400 million. All very far from your finances and yes, it is somewhat hopeless.
In those moments is when the question arises, can I make money if I only have $1,000 to invest? And well, the answer is a resounding yes!
Today there are a variety of ventures and investment ideas that you can take advantage of and make some extra money.
Here are 4 ways to make money with investments of $1,000. From buying Ripple and Bitcoins to investing in your education, they are all valid. Here we discuss them:
4 ways to make money with investments of $1,000
1. Invest in yourself, educate yourself.
It has always been said that investing in yourself is the best thing you can do. A course, a trip, paying for the university or learning a new trade; they can open the doors for new challenges and jobs.
Keep in mind that you must choose the one that best suits you and the one that enhances your abilities the most and avoids your weaknesses. Yes, it is true that the most difficult part is knowing how to choose the right one, but for that there are also very good books or internet pages that can help you make a better choice.
Also, you can pick something that gives you a new skill, but at the same time teaches you how to make money. For example, it would be a double gain for investing in education and for that education to learn how to operate on the stock market or to buy Ripple, Bitcoin and other cryptocurrencies.
2. Buy Ripple.
Cryptocurrencies are the latest sophistication in terms of investments. In addition, we are in a situation that predicts that digital currencies such as Ripple, Bitcoin and Ethereum will grow at a very good rate in the coming months.
According to the latest Bloomberg report on the cryptocurrency outlook for 2020 Published in January of this year, Ripple could double its price in 2020 and become one of the most profitable investments of the entire year.
Ripple is currently being bought and sold at $0.20 per unit. Since last March 13 in which the XRP reached its minimum of the year at 0.11; the price has risen more than 73%.
Is it too late to buy XRP? No. In fact, for Bloomberg we could be on the verge of one of the most interesting rises in recent times as analysts expect XRP to rise to $0.50 per unit.
so if you decide buy Ripple On a regulated platform, you could make money with investments of $1,000 and have a return on investment of 150%.
3. Lend the thousand dollars.
Although it is true that in developing countries like ours, the figure of the lender is not the one with the best reputation; yes it is true that it is a profitable business. Of course, you must make sure that you manage good security and that you know the people to whom you lend the money and they are trustworthy.
On the other hand, the interest rates on the loans are high and manage rates around 30% per year, which means that you could earn $300 dollars in a year based on your initial investment of $1,000.
Not as attractive as the $1,500 you would receive if Ripple’s price target is met. But it is safer if you have full confidence in the people to whom you lend the money.
4. Buy shares.
If you like the adrenaline of the stock market, then you can become a day trader. It means that you would be a stock investor who opens and closes positions every day. The average profit for these people is 10%, sometimes more, sometimes less.
That said, you have to take into account the taxes you would have to pay if you go into the stock market and make short-term profits.
When investing in the stock market, you should look for a broker that is regulated by the central bank and that has your money protected against scams. The important thing about buying stocks is that you do it safely. So we return to the first point, education is the basis of everything and you must investigate and learn how to do it before you risk your thousand dollars that surely cost you time and effort to earn.
Decide to invest your money and marry your idea.
Finally, our recommendation regarding investments is that once you have decided how to use your money, you marry your idea and strive to make it work. That takes dedication, hard work, and a lot of research and education.
Whether it is investing in the stock market, setting up a loan business or buying ripples; you must do your homework and learn how to do it well.
If you are interested in cryptocurrencies, Coinbase offers its platform Earn that allows you to learn while earning some crypto in the process. On the other hand, Kriptomat offers you a game where you learn to invest while you can win prizes.
You know, it all depends on you!
And remember, if you are really interested in creating your own business, you can read our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
