How to invest your first 1000

If you have $1000 dollars then starting off should be able to give you a great head start to build your foundation for you to start making a lot more money. I will show you how to invest your first 1000.

This will be my personal experience on how I started to invest my first thousand dollars. Remember it will depend on what you want to do and your situation is, for example, if you’re the type of person who wants to start a business it will be a little different from the person who wants to invest passively. Here are my ways on how to invest your first 1000.

Here is a list of my recommendation to invest but it will come down to personal preference and you need to do whatever it takes to feel comfortable in your situation. 

Invest in yourself 

This will apply to anyone who is watching is to invest within yourself. I personally believe investing in yourself is a great ROI compared to anything else you do.

 Let’s face it most people tell you over and over again about investing with yourself, see the only person who will stop you is you. Invest yourself and you can have a higher ROI and spend these thousands of dollars, learning something, or improving your skill. 

I would personally spend it on learning something you really want to do right now. For example, you could be investing in some book talking about investing or seminars or maybe some online courses that don’t cost around $4,000 dollars. 

This should impact your career long term. Use these thousands to expand your knowledge on whatever industry you want to see yourself in, a great idea is no matter how much money you make you should still always continually invest in yourself. 

Also you can buy things within yourself. It could be a $20 book or a $20 class, it doesn’t have to cost anything at all. There is so much information out there completely free that I personally don’t recommend spending so much money unless that person has a legit background in that industry.

Start a business

My second piece of advice is for people who want to start a business. This will mean buying a new laptop to start your own online business if it means getting into classes like coding, web design or UX/UI use those thousand dollars toward starting a business. 

If you are really serious in starting your own business then you want to keep in mind to figure out how to stretch that thousand dollars as far as you can make sure you find a great use for every single cent otherwise you can lose your business or fail miserably. I would personally invest my money by starting an online business and that’s why it’s on my “How to invest your first 1000”.

Invest into a low index fund 

If you’re a person who wants to forget you invest into money and then, later on, see a great return, then I highly recommend a low index fund often what Vanguard has; they have quite a few funds which have a $4000 minimum that should give you a good foundation for investing long-term now. Keep in this won’t make you millions of dollars by investing a thousand dollars.

A great thing about an index fund is by owning a very small amount at a much bigger picture so I highly recommend these by learning a lot about index funds investing passive income and learning the economy and the market in general. 

Invest into individual stock

I would highly recommend that my fourth advice is to learn the stock market. Who doesn’t mind making riskier investments? So with this thousand dollars, you can start trading individual stock. I promise you are going to learn so much by trading individual stock with a thousand dollars. 

 when you actually get emotional about the stock and when you’re investing it firsthand you deal with yourself getting your mind thinking a stock is going down or up. You will learn how to sell, cutting your losses and how to stop your profits and much more. 

You may lose money at first but I think the experience you gain is definitely gonna be worth it. A downside is that commission will eat you alive when you’re only investing a thousand dollars. You will make ten percent which means you made a hundred dollars on that trade your commission is going to make. 

Hope you enjoy reading how to invest your first 1000 dollar. I know Investing can be very scary but in order to grow, you must change within yourself and take risks. You won’t grow unless you start investing in things you enjoy trying to make passive income. Be sure to check out more from linxtro which is a new daily article about making money online and ways to invest in your money.