Good investments for 10k

Doug Ro says:. Mun Dane says:. No name given: Ah. Aim for at least three months worth of expenses in your emergency fund. If you have a high deductible healthcare plan, be sure to fund an HSA account see Podcast Anthony Montenegro, financial advisor and founder of The Blackmont Group , says he believes the Roth IRA is one of the most efficient ways to save for the future regardless of your age.

Best Investments for $10

With the new year investmetns upon us, you may be aching to make some significant changes in your life. Maybe you want to start exercising more often and taking better care of your health. Or, perhaps you want to spend more quality time with your kids — time where you only focus on them and nothing. But, where should you invest your money? This question plagues both beginning investors and established pros.

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Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all deposit accounts available. Sometimes the best investment is an investment in yourself. With the proliferation of online courses these days, you can learn everything from how to operate a circular saw to how to write computer programs.

The Best Ways to Invest $10,000

With the new year finally upon us, you may be aching to make some significant changes in your life. Maybe you want to start exercising more often and taking better care of your health. Or, perhaps you want to spend more quality time with your kids — time where you only focus on them inveshments nothing.

But, where should you invest your money? This question plagues both beginning investors and established pros. Goood no investment is ijvestments, I wanted to share my thoughts on the best investment options for and. If you need some help and guidance along the way, you can also use the services of a robo-advisor like Betterment. Betterment will help you outline your investing goals and figure 10m a long-term plan to achieve them instead of focusing only on returns.

By adding more money to your kyou can reduce your taxable income and grow your wealth in one fell swoop. Also remember that you may be able to reduce your taxable income by investing in a traditional IRA, and that you can invest after-tax dollars in Roth IRA too provided you meet income requirements. Just like the stock market, many experts believe that real estate is in a bubble across many parts of the United States. Prices continue to go up and up with no end in sight.

Unfortunately, this type of scenario never seems to end. Even if the real estate market tanks, people need to live somewhere, right? REITs allow you to take advantage of the upsides of the real estate market without good investments for 10k your hands dirty forr dealing with the hassles of being a landlord. Real estate crowdfunding sites like Fundrise. Fundrise in particular has offered returns between 8. Buyer beware.

Real estate investing platform RealtyShares closed its doors to investors in Novemberwhich may not be a good sign. If forced selling leads to a temporary plunge in real estate prices, everyone will wait to see where the bottom will be. Fundrise keeps cash on hand so they can buy more high-quality real estate when prices are low, so you could be in an even better spot when the real estate market does rebound. Another place to invest your excess funds this year is one that has been around for a while — peer-to-peer lending.

Platforms like Lending Club and Prosper allow you to loan money to individuals like a bank does, and you get to receive the interest they pay in. Both Lending Club and Prosper also make it easy to get started.

Keep in mind, however, that each platform only offers investments on their primary markets in certain states. Investors in these states can only invest in a secondary trading market known as FolioFN. Regardless of how you plan to invest innow may be the best time ever to invest in your career and your future. Financial advisor Benjamin Brandt, who is also host of the popular retirement podcast Retirement Starts Today said he believes will be a good year to invest in your career in a way that helps you earn more income over your lifetime.

Brandt recommends asking yourself if there are any small improvements you could make that could make you more valuable to an employer or your own business. At the very least, you could commit to consuming more career-specific content this year. You could also attend a career conference, pursue higher education at night or online, or earn a certification in your field. It took time and effort, but it helped me establish myself as an authority in my field, gain the trust of my clients, and ultimately earn more money.

If you want to be a year for the record books, figuring out a way to earn more money can help. A side hustle can help you earn more money that can be used to reach any number of financial goals. Fortunately, there are all kinds of side jobs to consider that you can do in your spare time. You could start a blog and attempt to monetize it, driver for Uber or Lyft, ofr groceries via Instacart or Shipt, or run errands with a platform like TaskRabbit. Colorado Financial advisor Matthew Jackson of Solid Wealth Advisors also suggests turning your hobby or passion into a side business.

You can turn your passion into a business and live a life promoting what you like most and building a community of faithful followers. Whether your passion is woodworking, creating homemade bath products, or teaching kids Inveztments, figure out how to turn it into a business that could help you earn more goof and build more wealth over time. I have gotten a lot better about this over the years, and these days I take my health very seriously. Exercise to get in a better mental state, or find a few new hobbies that you enjoy.

The good news is, paying off debt is a smart way to get a guaranteed return on your money no matter what the stock market is doing. And, as financial advisor Anthony Montenegro of The Blackmont Group points out, the higher the interest saved, the higher the interest earned. Plus, there are additional benefits that come with paying down debt.

Montenegro notes that paying off debt can reduce your utilization and improve your credit score as a result. A better credit score can help you secure loans with the best rates and termswhich can save you money the next time you take out gold loan for a home or a car. I’m best known for my blogs GoodFinancialCents.

I’ll show you a new way to accelerate your wealth building. Share to facebook Share to twitter Share to linkedin With the new year finally upon us, you may be aching to make some significant food in your life. Best investments for Getty. Jeff Rose. Read More.

Willie D: You Can Become a Millionaire Off $10K if You Invest it the Right Way (Part 8)

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Anthony Montenegro, financial advisor and founder of The Blackmont Groupsays he believes the Roth IRA is one of the most efficient ways to save for the future good investments for 10k of your age. To date, my return is 8. Please invest in your health, this is the most important and the only thing you need to focus on. We may, however, receive compensation from the issuers of some products mentioned in this article. After all, when small amounts are invested wisely, over time they will grow into large amounts. For instance, whether the windfall was a one-off or recurring, your short-term and long-term financial goals, and your tolerance for risk.