You may be thinking that you need thousands of dollars to start investing, but it’s not true; you can start investing with $100.
I have met a lot of working moms who have started their investment in high school with just $100. that is why I have discussed with them How to invest $100 per Month wisely?How to invest $100 per Month wisely?
And I have found Some of the practical ways to invest $100 which can give you higher returns, So in this article, I am going to show you the best ways to invest $100.
How to invest $100 per Month wisely?
“Investing is not about how much you invest; it’s about how wisely you invest.”
To start your investing journey, you need to open a brokerage account. Brokers are like banks, but their main work is holding the Investments.
If you are having trouble finding safe and legit brokers with the best promotion offers, then don’t worry; we have made a list of Best Online Stock Brokers, which offers you free stocks along with an advanced portfolio.
Invest in stocks:
Investing in stocks is one of the best and most popular ways of growing your money. It means you are buying shares of a company, and those small shares are called the company’s stock.
But you may have seen people investing more than $1000 in stocks, so how can I invest $100 per Month wisely? There are lots of apps available on the internet that allow you to invest in fractional shares.
One of our favorite apps is Stash because it allows you to start your investing journey with just $5 and invest in fractional shares and an advanced portfolio. Want to read more about stash apps? Read our full Stash app investing Guide (2022).
Invest in Real Estate:
No one can say wrong that investment in real estate always gives you higher returns, even though I have invested a lot of money in real estate investment trusts.
Real estate is something you can buy. It’s different from stocks, bonds, and commodities. Real estate is a type of investment that can make you money. You can buy a house or an apartment and rent it out to people.
Additionally, you can buy land and build something on it. After purchasing the building or land, you can sell it for a higher price so if you want to invest $100 per Month wisely then real estate is best option for you.
There are also a lot of jobs available in real estate that can pay you up to $200k per year. To know more about real estate jobs, you must read our review on Best paying Jobs in real estate investment trusts.
Take Help of Robo Advisor:
A Robo Advisor is an Ai system that helps you automate your investing Journey and see you growing money while sitting on your couch, it offers you best suggestions to Invest $100 per month wisely.
You just have to deposit $100 in your Robo advisor account, and it will automatically select the safest and most profitable share. Then, it will divide your money and start investing in different shares.
The benefits of a Robo advisor are that it allows you to open an account without any charge and offers $0 trading fees. It also provides you with an advanced portfolio that will give you higher returns.
If you want to know which is the safe and advanced Robo advisor, then you can read our full review on Best Robo – Advisor to Start investing.
Savings accounts are safe investments because the FDIC ensures them. They earn interest, but the interest is typically lower than you’d make from investing over the same period of time. However, you can’t lose money in a savings account.
Tellus app is a savings app that offers you a High yield savings account along with up to a 6% APY interest rate, and it has the highest liquidity, meaning that you can withdraw your money whenever you want.
- Savings account is one of the best way to invest $100 per Month wisely So. If you want to start your savings account, then the tellus app is the best way to start.
- If you want to know more about the Tellus app, you can read our Tellus App review.
Peer To Peer Lender:
If you think investing in stocks is still risky, you must become a peer-to-peer lender. It means that you can lend your money in small amounts to other people and can enjoy an interest rate every month.
For example, if You have $100, you can divide your money into four parts, such as $25, and can lend it to four people and earn $4 as interest every month.
The benefit of peer-to-peer lending is that you don’t have to invest a lot of money; your money grows at a compound interest rate. If you want to start with peer-to-peer lending, we have made a list of the best peer-to-peer lending apps.
How to Save $100 per Month wisely?
The first thing you need to do if you want to save $100 per month wisely is to create a financial budget. You can make the best financial budget by using the questions listed below:
- What is your monthly income?
- How much do you spend on your Grocery, electricity, and other bills?
- How much do you spend on your liabilities?
- How much are you saving?
If you have answered all the questions, Now you just have to know how to boost your saving, so here is the best way to save money:
Cashback sites are the sites that offer you rebates on your everyday shopping. Just like purchasing groceries or paying any other bill, you can get cash back when you pay online.
There are lots of cashback hotels available on the internet that offer you up to 10% cashback on your shopping. It also provides you with extra discount coupons and best deals of up to 60% off.
If you want to know which cashback portal offers the best cashback rebate and best deals, then read.
Read our review on Best Cash Back Apps For Moms.
If you invest $100 each Month wisely, then you will get higher returns. All the best ways to invest $100, which are listed above, are tried and tested. However, you must first figure out how to increase your family’s income before you invest $100.
We reviewed a lot of methods to make money and came up with a few practical techniques to follow. You can read our complete Guide on How to Make $10k a month.
So I hope, This How to invest $100 per Month wisely? review have helped you, if you have any questions feel free to ask in comments.