How to Turn $100 into $500 (Easy Methods!)

By Planting Our Pennies •  Updated: 12/15/23 •  8 min read

Wondering how to turn $100 into $500? Check out these proven methods to grow your money!

Invest in Rental Properties

Investing in rental properties can be a great way to turn your $100 into $500. Real estate is a tangible asset that can provide passive income and monthly payouts. Owning rental properties allows you to earn money from renters, and with the right strategies, you can make a lot of money.

One option for investing in rental properties is with Arrived. Arrived is a real estate investment platform that allows you to invest in properties with as little as $100. They have a portfolio of properties that you can invest in, and they take care of all the management and maintenance for you.

Arrived Real Estate Investing

With Arrived, you can earn passive income from rental properties without having to deal with the headaches of being a landlord. They offer monthly payouts and a potential return on investment of up to 10%. Additionally, Arrived invests in properties that are located in growing markets, which can increase the value of your investment over time.

Investing in rental properties can be a great way to earn passive income and turn your $100 into $500. With Arrived, you can invest in real estate without having to deal with the headaches of being a landlord.

Invest in Index Funds

Investing in index funds is a great way to grow your money without having to spend a lot of time researching individual stocks. Index funds are designed to track a specific market index, such as the S&P 500, and offer a low-cost way to invest in the stock market.

One popular index fund is the Schwab Total Stock Market Index (SWTSX), which tracks the Dow Jones U.S. Total Stock Market Index. With just $100, you can make an initial investment and start reaping the benefits of index-fund investing.

If you’re new to investing, you might want to consider using a platform like Acorns. Acorns is an investment app that allows you to invest your spare change. It rounds up your purchases to the nearest dollar and invests the difference in a portfolio of ETFs.

Acorns Investing Bonus

Acorns also offers a range of portfolio options, including one that is focused on index funds. This portfolio invests in a mix of ETFs that track various market indexes, including the S&P 500 and the Dow Jones Industrial Average. By investing in this portfolio, you can gain exposure to the stock market and potentially grow your money over time.

Invest in Real Estate Debt

If you’re interested in real estate investing, but don’t have a lot of money to start, investing in real estate debt can be a great option. Real estate debt is a type of investment that involves lending money to real estate developers or investors, who use the funds to purchase properties. In return, you receive interest payments on your investment.

One platform that allows you to invest in short-term real estate debt is Groundfloor. Groundfloor is a real estate crowdfunding platform that allows you to invest in short-term real estate loans. With Groundfloor, you can invest in loans that are secured by a first lien on the property, which means that if the borrower defaults, you have the right to foreclose on the property.

Groundfloor offers short-term real estate debt investments with a minimum investment of $10. You can choose from a variety of loans, each with different interest rates and terms. The platform also offers a secondary market, which allows you to buy and sell your investments before they mature.

When investing in real estate debt, it’s important to do your due diligence and understand the risks involved. While real estate debt can offer attractive returns, it’s not without risk. However, if you’re willing to do your research and invest wisely, real estate debt can be a great way to turn $100 into $500.

Flip Things

Flipping items can be a great way to turn $100 into $500. You can start by searching for items at garage sales, flea markets, thrift stores, or even on Facebook Marketplace. Once you find an item, you can clean it up, repair it if necessary, and then resell it for a profit.

Some popular items to flip include furniture, clothing, and electronics. When flipping furniture, it’s important to pay attention to the quality of the piece and the demand in the market. You can also consider flipping items online through platforms like Amazon or eBay.

Another option is to try retail arbitrage, which involves buying items at a lower price and reselling them at a higher price. This can be done by purchasing items in bulk or finding deals online.

Overall, flipping items can be a great way to earn extra money and turn $100 into $500. Just be sure to do your research and find items that will sell for a profit.

Invest in Cryptocurrency

Investing in cryptocurrency can be a profitable way to turn $100 into $500. Cryptocurrency trading has become increasingly popular, and there are many platforms available for investing in digital assets. One of the most popular platforms for trading cryptocurrency is Binance.

With Binance, you can trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The platform offers low fees and a user-friendly interface, making it easy for beginners to get started with crypto trading.

To invest in cryptocurrency on Binance, you will need to create an account and verify your identity. Once you have done this, you can deposit funds into your account and start trading. It is important to remember that cryptocurrency is a volatile asset, and prices can fluctuate rapidly. It is essential to do your research and invest wisely to minimize risk.

Investing in cryptocurrency can be a valuable addition to your investment portfolio. With Binance, you can easily buy and sell digital assets and potentially turn your $100 investment into $500 or more.

Start a Business

Starting your own business is a great way to turn $100 into $500. However, it requires a lot of hard work and dedication. You can start a small business, side hustle, or even an online business.

One option is to become a freelancer and offer your services to clients. You can also start an e-commerce store and sell products online. Blogging is another option where you can create content and monetize it through affiliate marketing or digital products.

To start a business, you need to have a clear idea of what you want to do and who your target audience is. You also need to create a brand and establish a presence on social media. WordPress is a great platform to create a website for your business.

When starting a business, it’s important to keep your expenses low. You can save money by using free tools and services such as social media for marketing and free hosting for your website. You can also save money on a domain name by choosing a unique and memorable name that’s not too long.

In conclusion, starting a business is a great way to turn $100 into $500. It requires hard work and dedication, but with the right idea and strategy, it can be a profitable venture.

Invest in REITs

One of the easiest ways to turn $100 into $500 is by investing in REITs. REITs, or real estate investment trusts, are companies that own and manage income-producing real estate properties. They allow investors to invest in real estate without having to buy or manage properties themselves.

There are several ways to invest in REITs, including through online platforms like Fundrise or Stash. With Fundrise, you can invest in a diversified portfolio of real estate properties with as little as $10. Stash, on the other hand, allows you to invest in REITs with as little as $5.

One of the benefits of investing in REITs is that they offer a relatively stable source of passive income. REITs are required to distribute at least 90% of their taxable income to shareholders in the form of dividends. This means that you can earn regular income from your investment without having to do any work.

When investing in REITs, it’s important to do your research and choose a reputable company with a proven track record. Look for companies that have a diversified portfolio of properties and a history of stable returns.

Overall, investing in REITs can be a great way to turn $100 into $500 over time. With the right strategy and a bit of patience, you can earn passive income from real estate without having to invest a lot of money upfront.

Final Thoughts

There are plenty of ways to turn $100 into $500 – but I recommend sticking with proven methods like real estate investing or growing your money in the stock market.

Looking for more ways to grow your money? Check out these guides!

Planting Our Pennies

Planting Our Pennies is a site dedicated to helping others reach financial freedom through passive income, investing, and making more money.