I have $80 in my bank account. How can I invest the money and make more?

Perry Jones

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Investment Advisor (2013–present) 3y

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I have $80 in my bank account. How can I invest the money and make more?

We live in an interesting era when $80 could actually make a difference and grow into a comfortable nest egg.

You should do several of things.

1. Watch a bunch of “make money online,” or “finance” or similar keyword videos on Youtube & learn all you can. Cost = zero A. create a spreadsheet listing each of the ways these videos recommend, the time and cost for each, how long it will take to begin making a profit (that you will need to reinvest). And B. pick the one you like, that takes the least amount of time, the least amount of education and the least cost to set up.
2. Education. Since $80 is far too little for a Harvard degree (I would Not recommend one anyway), or even a few courses at a community college, you have only 2 options; the library and the internet. A. list all the things you are interested in. B. Pick a set of issues that bother you and that you wish you could do something about. C. Do nothing about A. or B. for now. C. Get and READ some books. Whether online, hard copy, doesn’t matter. Read and take notes. If you don’t understand something, find a way to get to the point of understanding. D. Some of the books you should get are 1. Napoleon Hill’s “Think and Grow Rich,” 2. George Clason’s “The Richest Man in Babylon” and 3. Tony Robbins’ “Money: Master the Game.” E. Review A. and B. and pick some field or sector that works for you.
3. Execute. Begin. Even if you have no idea what you are doing, even if you Know, you are going to fail, even if you have no way to get people to come to you and buy anything. That’s not the point at this time anyway. The point is to take immediate massive action and adjust your methods as you accumulate results. The goal is to get as many failures behind you as fast as possible so that you’ll learn really quickly exactly what Not to do.
4. Understand the secret why people don’t make money, succeed or take action, procrastinate or fail.
5. Push. Hard. With persistence. And commitment. It doesn’t matter how many times you trip and fall, how many failures you accumulate (but the more the better), how many times life knocks you down to your knees or how many times someone knocks you flat on your face. The point is not how many times you fall, it’s how many times you get up. And you always get up, just one more time.