“You can have this $1,000, but you got to tell me the best way to invest $1000.”
How would you respond?
Me personally, had you asked me that question or confronted me with the same scenario 5-6 years ago, I would have stuttered and probably just said to save it.
While saving isn’t a bad answer per se, at the end of the day there are better ways to invest $1,000. Whether it is your first time investing $1,000, you just got your tax refund, or you are simply looking to invest $1,000 every month…
Today we will discuss the best options available for investing $1,000!
Real quick, prior to looking at the 7 best ways to invest $1000, keep in mind that you can invest more when you make more (duh).
Here are Money Life Wax our team is huge on helping people figure out ways to create more money either outside of their full time job or with entreprenesuhip.
So in addition to investing $1,000 per month, here is a great read for making an extra $1,000 per month to bookmark for later!
*Remember – every dollar invested today doubles in 10 years on average!*
1. Start Your 401(k)
If you haven’t got one already, a 401(k) retirement plan is one of the best ways to invest $1,000 — especially as you could literally double your money (more on this in a second).
A 401(k) is a retirement savings plan that is sponsored by your employer. One of the benefits is that you can invest a chunk of your paycheck in one each month before any tax has been deducted. In other words, a 401(k) allows you to save for your retirement and enjoy tax breaks at the same…
from Investment News, Investment Strategies, Investment Opportunities - Feed http://www.quantitativeinvestmentgroup.com/the-7-best-ways-to-invest-1000-beyond/
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