How much you would have made if you would
have invested a hundred thousand dollars in Google back when it was just getting started.
That’s exactly what David Cheriton did and today his net worth is over 6 billion dollars.
That’s probably one of the best investments ever! However, not everyone gets such a chance to
become a billionaire, not everyone has an extra hundred grand to throw it at another
startup, nonetheless,, there are endless number of opportunities all around. In fact, 1700
people just in the US are becoming millionaires every single day.
And if you want to be one of them, you gotta start somewhere, but here is the problem.
40 percent of Americans can’t even cover unexpected thousand dollar bill, because they
are just living paycheck to paycheck, so most people can’t even pull out a thousand dollars
to invest. But a hundred bucks!
easy! almost everyone can afford that. However,
it seems like you can’t do much with it, since even for example a single apple stock
costs twice that amount, and I am not even talking about amazon or google. Even index funds are not an option, how much
do you think a hundred bucks over 40 years with 8 percent returns would amount? Just
a little over $ 2100 ($2172). But don’t worry, because there are actually
legit great ways to invest even as little as a hundred bucks That I have used and will
share with you here in this video. So let’s start with the first one. Start a business.
I know that it sounds cliché because to start a business, it seems like you clearly need
much more than a hundred bucks. But believe or not, there are actually a handful
number of businesses you can start with as little as a hundred bucks. the problem is
that, when we think of starting a business, we imagine big businesses and ignore all the
small ones that are much easier to start. You can buy a Lawn Mowers for a hundred bucks
for example, and start a side business cutting your neighbor’s grass.
In fact, I started this channel with just a hundred bucks. I am not one of those guys
who started watching youtube since its early days but much much later. and I realized
that most of these Youtubers just share their ideas and experiences, even the most successful
ones started with almost nothing. So I said to my self, I have a lot of ideas
too, how about I start sharing them with the world. Let’s see how that goes.
I ordered a blue yeti microphone for a little over a hundred bucks and started making videos.
I have to admit that, There were absolutely horrible because I knew almost nothing about
video editing or animations and I didn’t really care much because it was more like
a hobby than a real business. But then I slowly started improving the quality
and somehow it started picking up, so I had to hire animators and now it’s like a little
business. You don’t necessarily have to start a youtube
channel, there are endless number of online businesses that do not require a lot of capital.
Let’s say you are good at playing a guitar or violin, you can find someone who can help
you with shooting and editing it for as little as a hundred bucks.
Turn it into an online course and sell it online. And the great part about it is that,
you don’t even need a website because right now there are multiple great platforms to
sell courses for free! And if it turns out to be successful, you
can slowly turn it into a legitimate business. You can easily earn back your money and make
much more. We are lucky to be live in this age, because
no matter where you are in the world, pretty much everyone has internet. So this is probably
a great option for most people. 2. Number 2, Trade some stocks A lot of people keep watching videos or read
about the stock market, hoping to start investing one day. If you haven’t bought a single
stock, the world of the stock market is probably quite ambitious to you.
When you actually get in and start, a lot of things start getting clear. Reading and watching videos about the stock
market is one thing and investing or trading is something else. What seems so obvious in
theory isn’t that easy in practice. When you buy a stock and it goes down right
in front of your eyes, you get emotional, your brain stops working and your emotions
get in charge, all that will be in your mind is to minimize losses.
That’s when you really learn. The point isn’t to turn that 100 bucks into a thousand, but
to experience the market. Because when you are trading with real money,
you will be much more careful and cautious. since your money is at stake.
It’s actually fun to look for the right company to throw your money in. You will read about
many different companies, analyze their financial statements, figure out if their price is undervalued
or overvalued and then make up your mind if this company worth your money or not.
This experience totally worth it even if you lose a hundred bucks. In fact, if you decide
to invest a larger amount, you will at least know how the market works. 3. Thirdly, Invest In books I grew up watching my parents live paycheck
to paycheck, and struggle financially. And I promised my self that when I grow up, I
am not gonna live like that. But the problem was that, I didn’t know
how to do that. My parents told me that if I keep getting good grades, I will find a
good job when I grow up and I won’t have to worry about money.
But at some point, I started reading books outside the school and accidentally came across
rich dad poor dad and that’s where the magic happened. I was introduced to the world of
money and to be honest I was shocked about how little I knew about money even though
I use it every day. You probably have heard this a million times,
but the moment you make that shift in your mentality, your perspective changes, and you
will start making different decisions that will slowly lead you to financial independence. a lot of people watch a video or two here
on youtube and then they think that they are financial gurus.
Let me ask you something, how many videos you have watched for the past week, dozens
if not hundreds, because youtube is entertainment, you might learn a thing or two, but its not
gonna stick like when you read a book, because usually it takes you a couple of days if not
weeks to finish a single book and by then these ideas will be embodied in you. Some
of my favorite books on this matter are – the millionaire Fastlane, Secrets of the millionaire
mind, rich dad poor dad and few others. I will just put them in the description. 4. Number 4, Buy and sell something A lot of people don’t have even basic business
experience. They are so drained into the system where they haven’t made a single penny outside
their job. So, when you tell them to start a business,
they keep postponing it because its a strange world for them. But Business is all about selling and most
businesses do not even build their products but rather just buy low and sell high. The
grocery store besides your house for example. They do not produce what they sell. They have
a supplier. The process of business is simpler than you
think but quite difficult to implement. The good news is that you don’t have to
spend big and open your store to learn that, you can just go to eBay and find something
that you can resell to your neighbors for example for a slightly higher price.
That experience will improve your social skills, analytical skills and negotiating skills.
You might not make a lot of money out by buying and selling with a hundred bucks. However,
you will learn much more than you will do with a 4-year degree in business.
You will have to analyze the market, who would be your potential consumers, what would be
the appropriate price, how to deal with your clients and on and on.
In fact, there are actually people who make a living out of these.
But if you think that’s not for you, here is another idea. 5. Learn a valuable skill,
what you can also do is to use that hundred bucks to learn a skill that will earn much
more later on. This is probably the best option if you are struggling financially or looking
for a side hustle. You can invest in a social media course, every business is now looking
for someone who actually understands how these algorithms work. Or you can learn graphic designing, copywriting,
web designing. There are endless number of online opportunities. Of course, you can find
free materials, even here on youtube, so why buy a course.
Usually, the free stuff isn’t as good as paid courses, they are better organized and
after taking the entire course, you feel like you actually learnt the skill, compare to
the free stuff where you have to keep searching for everything separately. And secondly, once you pay for something,
you feel obligated to take that course, because you just spend a hundred bucks. in fact, it will probably motivate to take
action after taking the course to earn back the money that you spent on the course. Conclusion A hundred bucks isn’t a lot of money, and
you can’t do much with it, so all the options we discussed in this video are more about
educating yourself. Stepping up your business and analytical skills and getting valuable
experience that will payback in the long run. But
Now, it’s your turn, how or where would you invest your first hundred bucks?
Thanks for watching and until next time.