We are still in the first quarter of 2022, so if you are looking to make some changes in your financial habits in order to maximize your money next year, you are in a good place to start. Here we will be giving you a brief list of financial resolutions that may appeal to you if you have $100 stuck in the bank.
Mark Zuckerberg is probably the first thing that pops out into your mind whenever you hear the word “Facebook.” But looking a little closer, Zuckerberg isn’t the only one who benefited from Facebook’s billions of earnings. There are a lot of people backing him who made good bucks by investing in the platform.
The team multi-talented team behind Facebook, who was with it right from the start, greatly profited as it grew into the platform it is right now— among them is Eduardo Saverin.
When Facebook (now rebranded as “Meta”) is at its early stages, Zuckerberg offered Saverin to be the platform’s very first investor and the company’s chief financial officer by investing $15 billion to the company. Although Saverin had no idea how the business would end up in the years to come, he decided to trust the potential he saw on it and jump off the wagon.
Zuckerberg diluted his shares with Saverin’s multi-billion investment and was left only with tiny ownership in Facebook. Still, he still managed to become one of the richest people in the world after the company went public— his $15k investment went up to billions of dollars through compounded interest.
Zuckerberg’s venture is one of the epitome of why we should never underestimate the power of small investments. You don’t need millions of dollars in your bank account before you start investing. A small, smart investment can take you further and make you big gains in the long run.
However, unlike Facebook’s CEO, many people don’t have thousands of dollars in their account since most of us have been living from paycheck to paycheck. But the good news is…a hundred dollars is enough to take your finances to a new level.
There are several ways on how you could put your $100 into work, turning it into a much larger amount. Here are some of the investment options you have:
Get into cryptocurrency investing
Getting into cryptocurrency is like gambling. Either you win big or lose all. The cryptocurrency market is volatile, risky, and unstable, so most people interested in diving into the market should be very cautious.
Nevertheless, crypto’s every fluctuating nature is what makes it unique in the first place. The current crypto space is similar to where the internet was two decades ago, and only time will tell how cryptocurrencies will look like years from now.
About 20 years ago, there were big companies that were very well known in the market, but they got outpaced by Google and Amazon, which were only small-time companies back then. If you have invested in Amazon and Google at their early stages, your $100 could’ve made you massive gains. Since it’s a story long gone, all you can do now is to not make the same mistakes others made back then.
You could try risking your $100 on cryptos. But before that, you should make sure that you did your study and understand how cryptocurrency investing works. If you get your crypto investment right, you grow your money a thousandfold.
Invest in collectibles
According to statistics, most individuals with high net worth devote about 2-5% of their net worth to collectibles because such investments have shown strong returns in the past. In fact, the return of investment (ROI) for sport cards collectibles outperformed S&P 500 and PCW 100 since 2008.
It’s no secret that collectibles are too expensive, though. They are far beyond the reach of an average investor— this is where Otis enters the scene.
Otis is an American stock market company for cultural assets where average investors can buy and sell shares of rare collectibles, arts, and sneakers. Investors have the privilege to choose from more than hundreds of rare collectibles every week.
Flip
Flipping is probably among the best investments that a person can undertake. In this business model, you won’t need to have a big business capital to start. In point of fact, you can start even with less than a hundred dollars and grow it to thousands.
You can take the internet to your advantage to flip into a wider audience. There are platforms like eBay, Amazon, YouTube, Facebook, and Twitter, where you can run to sell your item. You can also go to social media platforms like Facebook and Instagram.
Flipping is simple but growing your money into thousands through it is no easy feat. It takes small series of successes. First, you need to turn your hundred dollars to a hundred and fifty, then two hundred, and so on and so forth.
Invest in books
Surely, books are given little to no importance in today’s era since more and more people depend on the online world. If you would come to think of it, why would you waste several hours browsing through pages when you can get the information you want with just one click on the internet?
But leaning on the internet for information can actually be a bad thing for you, despite the convenience it offers.
Published books are devised after years of idea formulation to ensure that readers would be able to grasp a full understanding of the concept they are trying to learn. On the other hand, YouTube videos and brief articles make this information fun to learn as much as possible, giving lesser room for important details.
With a hundred dollars, you could get yourself good books like The Laws of Human Nature, Rich Dad Poor Dad, etc., which will help you understand financial fundamentals that will shape your mindset in growing your money.
Learn a valuable skill
There’s no need for you to be the “jack of all trades” to make a huge amount of money. All you need is to master one valuable skill, and that skill will change your life. Don’t misunderstand, though. You need skills and not mere knowledge.
Learning a new skill isn’t hard with all the tutorials offered on the internet. You can buy paid courses that will guide you step by step on how you can triumph in the career path you like for less than a hundred dollars. The skills you will master will allow you to build a profitable career.
Trade some stocks
If you haven’t been in any interaction with the stock market, investing in stocks may be a bit ambiguous to you. Your $100 wouldn’t help you grow your money that much in the stock market right now, but you can make use of that money to experience the stock market firsthand before you actually invest big money in the space.
Playing with your $100 in the stock market will give you the knowledge you need in order to grow your money wisely. At the same time, it will make you be more cautious in handling your stock investment since real money is at stake.
Frankly speaking, a hundred dollars isn’t enough capital to get to where billionaires like Jeff Bezos and Elon Musk are right now. However, we all need to start somewhere, and a hundred dollars is enough to make a difference.
