Your options are more limited than if you had $1,000, $10,000, or even $100,000 to invest but you still have options! I’ll show you the best money investments for your 100 dollars.
Learn where to invest money and how to build wealth with only one hundred dollars. Finding good investments on ways to invest $100 or even how to invest 1000 dollars isn’t easy, but here’s a list of ideas for the best places and things to begin investing in and grow your small nest egg.
In fact investing only $100 is far better than investing no money at all. Maybe you don’t have a lot of money but by making the decision to invest as little as $100, it can help you get some momentum going and continue investing. Everyone has to start someone, and believe it or not starting is the hardest part. Before you know it you’ll have more money than most people!
I just want to point out that only investing $100 isn’t easy and your options are limited with that amount. Many brokers require account minimums or a minimum deposit greater than $100. Then add on transaction fees and sometimes even annual fees. Those fees alone would leave you with even less to invest, if anything at all.
But don’t get discouraged! I’ll go over and explain possible options available to you, where you can invest as little as $100. First, let me make clear what not to invest your money in.
Do Not Invest Your Money In:
- Lottery Tickets. Buying lottery tickets is not an investment, it’s financial suicide.
- Gambling in General. This includes casinos, poker in your buddies basement, scratch offs, etc. You have a greater chance losing all your money gambling than actually making any.
I’m sure you already knew all that, but it amazes me how many people consider buying lottery tickets or playing the slot machines a form of investing, don’t do it!
How to Invest Your Money
Now on to the good stuff! The following are some of the best investments for people with a small amount of money to start out with. I’ll teach you the best ways to invest money and how to start investing with only 100 dollars!
Betterment is an easy to use investment service that does the investing for you. The investments are based on your age, investment duration, goals, and risk tolerance.
Betterment does not require a minimum account balance. There’s also no transaction fees, trade fees, and no rebalancing fees! Making Betterment a perfect candidate to invest your $100 with, and it is also why it’s number 1 on our list!
The fees they charge are much less than what similar services charge. You’re not required to have money auto-deposited into your account, but if you do auto-deposit of a minimum of $100 a month in your Betterment account they only charge 0.35% fee.
Additional article’s about Betterment:
Lending Club is a peer-to-peer lending service. You make money by lending your money to other people and they pay you back with interest. You can begin investing with Lending Club for as little as $25 and with no minimum account requirement.
You can also make some pretty decent returns on your investments with Lending Club. If you’re new to investing with peer-to-peer lending, it’s smart to be cautious at first and not invest all your money into it right away until you’ve played around with it a bit and understand it more.
More articles about Lending Club:
- Why Lending Club is the Leader in Peer-to-Peer Lending
- Lending Club Review – Get the Best Small Business Loan
- Best Personal Loans and Lending Rates for all Credit Types
OptionsHouse is an online discount stock broker. They have a flat rate of only $4.95 to trade stocks and ETFs. Currently they do not require a minimum account balance. OptionsHouse is a great option for individuals who want to invest in stocks with only $100 to invest!
Firstrade is an online discount broker with similar services as OptionsHouse. Although Firstrade is a bit more expensive at $6.95 per stock & ETF trade.
5. Invest in Yourself!
Invest in yourself by educating yourself further on investing and creating wealth! Easily do this with online courses and classes!
360training.com – Here you can choose from over 6,000 online courses to take, so you’ll be sure to find one that fits your interest. The best part is they also offer free courses!
Here are a few free course they offer:
- Beer 101: FREE Craft Beer Course
- Wine 101: Free course
- Free Course: Basic Safety Orientation for Construction
- And many more!
Enhance or start a new career and with these courses:
- Continuing Professional Education – Use code “CPA20” and receive a 20% Discount!
- Get Unlimited CPA/CPE Continuing Education!
- Healthcare Courses for Dental Professionals, Respiratory Therapists, Radiology, etc.
- Food and Beverage Certification Courses – Get 10% off these course by entering code “L2SAFF10”!
- Cosmetology CE
- The Real Estate Industry’s Premier Online Real Estate School
- Life Insurance Education
- And many more!
6. Start a CD (Certificate of Deposit)
Certificates of deposits, also called “CD’s,” are like savings accounts, except they generally earn you higher interest on your money, and you agree to keep your money in the account for a certain period of time.
BBVA Compass, a leading U.S. banking franchise, which is ranked among the top 25 largest banks, has 688 physical branches, and is also known as one of the best online banks, currently has some of the highest yielding certificates of deposit accounts.
If you’re considering putting your money into a CD, I highly recommend you check out their 13-month CD and 23-month CD, as they offer higher rates than most banks and give you a higher return on your money.
In an article published on Business Insider, in an article titled 15 Smart Things To Do With $100, it stated:
“A certificate of deposit is one of the safest investments for your money and provides a better return than your savings account.” – Schrage
7. Invest in Books
Many studies reveal that rich people generally all have one thing in common, which is they buy and read a lot of books.
No, they don’t read books like Harry Potter or Trigger Warning, in fact they don’t buy very many fiction books at all. The rich buy and invest in books that give them knowledge, which they can then use that knowledge to make them more successful and more money.
Invest your $100 in books that will educate you, and begin building your own library of self-development books that will help you succeed and grow as a person.
Successful billionaires like Bill Gates and Warren Buffett are perfect examples of individuals who started out building their wealth by purchasing and reading books that gave them knowledge.
One person I truly admire is Robert Kiyosaki, who is the founder of the education company Rich Dad Company, and the author of some of my favorite books like Rich Dad Poor Dad, The Cashflow Quadrant, and the Real Book of Real Estate, and he also agrees that books are one of the best investments you can make.
“Investing in yourself could be a subscription to a financial magazine or newspaper, a course or seminar, a book that will teach you more about asset classes and how to create passive income.” – Robert Kiyosaki (Source: MensHealth.com)
Do you know what passive income is? Well here’s an awesome book about it! The best part is you’ll still have $91 to invest with.
Here are some of my favorites, and great books to help get you started:
- The Total Money Makeover: A Proven Plan For Financial Fitness
- I Will Teach You To Be Rich
- The Millionaire Next Door
8. Pay Off Your Credit Card Debt
In an article posted on MensHealth, titled Rich Guys Reveal How They’d Invest $100, billionaire Mark Cuban said he recommends you invest $100 by paying off any credit card debt if you have any, as quoted below:
“If you have any credit card debt or any other debt, pay it down with your hundred dollars. You will have just earned the amount of interest you would have paid.” – Mark Cuban
9. Put It Towards Your Mortgage
If you don’t have credit card debt, then put that $100 towards other debt like your mortgage. By doing so, you’re guaranteeing yourself a 100% return on your money!
10. Become a Lender
Ever wonder how banks make money? They make the majority of their money by lending money to consumers and the interest borrowers pay on that money. You can make money lending money too! Companies like Lending Club allow regular Joe’s like yourself make investments by lending money to consumers, and make money on the interest they pay you as they pay back the principle.
Duane Jackson, CEO of Kashflow an accounting software says:
“I’d set it on autopilot, so it lent out $20 each to five different businesses,” he says. “As they made repayments on the loans, it would automatically lend it to more businesses so the money would grow and grow.” (Source: MensHealth.com)
11. Start a Side Hustle
You could invest some of your hundred dollars into a side hustle to make more money. The best part about side hustles, or side business, is they require very little money or no money at all to start!
There are many different side businesses you could start and begin. If you need some ideas, check out this list here of the most profitable ways to make money online.
More articles about starting a side hustle:
12. Start a Blog
My personal favorite side hustle is blogging, and starting a blog was one of the best decisions I’ve ever made. Starting a blog is rewarding in many ways. The first way of course is that you can make a sizable amount of money by having one, but you’ll also learn many new skills, become a better writer, share your knowledge and passion with your readers, and stay relevant in your niche.
You can easily start a professional looking blog and get a free domain name for only $3.49 on Bluehost. What’s even more awesome is you’ll still have $96.51 left over to invest!
If you’re interested in starting your own blog, I’ve written a couple different guides to help you get started!
- How to Start a Blog in 20 Minutes – The Complete Guide From Start to Finish
- How to Easily Start a Blog Business in Your Underwear
More articles about blogging:
- 36 Tax Deductions for Bloggers
- How to Drive More Traffic to Your Blog or Website
- Grammarly Review: Make Fewer Mistakes and Earn More Money
- HireWriters Review – Content Writing Service
13. Purchase Silver Coins
Invest your $100 by purchasing a couple silver coins. It’s a simple investment that could set your wheels in motion for other forms of investing in the future, and spark your interest about the markets and commodities.
Silver has been used as a currency and investment since the beginning of human existence. It’s a precious metal used in a variety of things, and there’s only a limited supply of silver on our planet. Silver is also considered a “world currency,” meaning it has value in all parts of the world.
Free & Useful Resources You Can Benefit From!
CREDIT SESAME – This is the ultimate free personal finance tool and resource! Credit Sesame allows you to track your financial success and gives you unlimited FREE access to you credit score, credit report, credit monitoring, and financial alerts. Credit Sesame also provides you with free personalized loan analysis and recommendations. You’ll also have completely free access to a huge data base of other great financial resources, tips, and tools!
You can learn more and join Credit Sesame by clicking here.
Related article: How to Get Your Credit Score & Credit Report Free Anytime
PERSONAL CAPITAL – Want a tool that will allow you to view all your investments and wealth? Check out Personal Capital! It’s FREE! It’s a free service that’s available to you and allows you to sync all your financial accounts to one place. It also gives you a full picture of your entire financial situation and lets you see what your net worth is at any time. But wait, it gets better! Personal Capital takes it a step further and lets you create budgets, reminds you of any future bills, has a built in 401(k) analyzer, shows the best asset location personalized for you, and much more!
You can learn more and join Personal Capital by clicking here.
Related Article: Personal Capital Review
BETTERMENT – Want to begin investing, but don’t want to take the time to learn how or the time to manage your investments? Then Betterment is for you! Betterment is an automated investment service and adviser, that does the work for you, without the high fees. The service picks investments for you based from your personal needs and goals, and completely manages your account for you. It also automatically rebalances your portfolio for you over time and as you age. Open a Betterment account today! There’s no minimum account balance requirements!
You can learn more and join Betterment by clicking here.
Related Post: Betterment Review
BLUEHOST – Want to start your own blog and make money from it? You can view my article by clicking this link called How to Start a Blog in less than 20 Minutes. This guide will show you step-by-step how to set-up a WordPress blog, get website hosting, and a FREE domain!
You can learn more and join Bluehost by clicking here.
Related Article: How to Start a Blog Business in Your Underwear
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Author: Tyler DeBroux
Tyler started Oddball Wealth towards the end of 2014 after graduating college, as a way to stay relevant in his area of study, stimulate his mind, and to educate and help others.
Tyler has worked in the financial services industry, as a financial advisor, helping his clients make wise financial decisions and personalized long-term financial plans. Since graduating college in December of 2014, Tyler has paid off more than $15,000 in student loan debt and counting, his goal is to have all his student loans paid in full by the in of 2016.
Tyler is an entrepreneur and an expert in personal finance. Two of his many hobbies include investing and building online businesses. He is also a big advocate of early retirement and an aggressive saver, who utilizes any financial resources and tools available to him to help reach his goals for achieving financial independents.