How to Invest $100 in 2021

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There's a saying that goes, "the best time to plant a tree was 20 years ago, and the next best time is today." And it's the same thing with investing...

The earlier you get started… even if it's with only $100 (or $50, $25, $10, $5, even $1)... the happier your future self is going to be!

In this video, I share how to invest $100 in 2021, including 5 creative ways to get started investing, how to invest your first $100 and a 6th bonus tip that might be the most important of all.

Think of it as an investing $100 challenge.

Here are some $100 investment ideas:

Tip #1 Get a Sign Up Bonus

Some trading platforms will give you a bonus when you sign up and deposit money on their platform.

For example, right now if you open an account with Webull with the link below, and deposit just $100 on the platform, Webull will give you 2 free stocks, worth at least $8 and potentially all the way up to $1850.

WORST case scenario, you get about $16 in free stock, which is an instant guaranteed 16% return on your $100. And return on investment is an annual percentage so if you re-invest the money, your return could be even higher.

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LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (valued up to $1850 each):

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Tip #2 Buy Something That’ll Save You Money

For example, if you’re spending $3-$4 a day on coffee, that doesn’t sound like much, but over a year it adds up to over $1,000!

Instead, if you invest in a $35 coffee machine, you can save and invest the difference.

Tip #3 Pay Down Debt

If you have any high interest rate debt, you can get an instant guaranteed return on investment by paying it down.

Let’s say you have a credit card that charges 20% in interest if you don’t pay it off every month. If you have a balance on that card, and you pay it down, you save the 20% in interest on that amount so it’s kind of like you’re getting 20% on your money.

Watch this video for more insight on whether to pay off debt or invest

Tip #4 Contribute to a Gami-Fied Savings Account

Yotta Savings, is an FDIC insured bank that gives you interest on your savings account, just like pretty much any other bank.

But here’s what’s different…

For every $25 you have in your Yotta Savings account, you get a ticket for that week’s lottery.

If you have $25 in your account, you get one ticket every single week that you keep that $25 in there.

If you have $100, you get 4 tickets every single week that you keep that $100 in there.

For each ticket, you can win prizes, up to $10,000,000!

And in the meantime, when you combine the basic interest rate you get on your Yotta Savings account with your average winnings, your overall rate is probably going to be much higher than you can get with practically any other savings account.

Use code “PENELOPEJANE” for 100 extra tickets in next week’s lottery

Tip #5 Buy Some Stock

Here are some creative ways to get started investing, including how to invest step by step...

For $100 or less, you can buy one or more shares of stock in a publicly traded company, and while you probably won’t become financially free on that one time $100 investment, you’ll get an amazing real world learning experience that can make you way more money.

If you want a step-by-step demo of how to invest 100 in the stock market, make sure to watch this video. I walk you through exactly how to invest step-by-step with screenshots of my real TD Ameritrade account!

We covered 5 ways to invest $100, now the final 6th bonus tip is investing in financial education...

YOU are your greatest asset, and by investing in financial education, you can potentially turn that knowledge into hundreds of thousands or even millions of dollars over time.

RECOMMENDED READING:

The Total Money Makeover by Dave Ramsey

Simple Wealth, Inevitable Wealth by Nick Murray

Fearless Wealth by RC Peck

Rich Dad, Poor Dad by Robert Kiyosaki

The Richest Man in Babylon by George S. Clason

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NOTE: Penelope Jane Smith will receive an affiliate commission or referral bonus from some of the links and other products that appear in this video. Penelope Jane Smith is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.