17 Wise Ways to Invest $10,000

17 Wise Ways to Invest $10,000

Top 17 Best Ways to Invest $10K in 2022

  1. High Yield Savings or CD
  2. Auto-Pilot Investing
  3. Real Estate
  4. Buy Bitcoin
  5. DIY Stock Market
  6. Your Home
  7. Inflation Hedge
  8. Coaching Program
  9. Professional Designation/Certification
  10. Go Back to School
  11. Online Courses
  12. Start a Business
  13. Start a Blog
  14. Launch a Podcast
  15. Resell Products on Amazon FBA
  16. Buy Sports Cards
  17. Pay Off Debt

1. Invest in a High Yielding Savings Account or CDs

You can put the money in high-yielding CDs or a high-interest savings account if you want to be fully protected. The best rates currently come from online banks.

CIT Bank, for instance, provides its Savings Builder Account. With a minimum deposit of $100, you may start an account and earn an APY of up to 0.65%.

Debit cards and ATM access are just two advantages that online banks offer over conventional banks.

The FDIC insures your deposits up to $250,000 in total. And because these online banks are legitimate banks, you get all the advantages that come with doing business with one.

2. Auto-Pilot Investing

A robo-advisor might be the ideal choice for you if you want to put your money in a condition where it operates essentially on autopilot..

M1 Finance

You can invest in stocks and ETFs at M1 Finance’s brokerage without paying any commissions. They now have the most no-fee stocks and ETFs of any online brokerage.

They fall under the Robo-Advisor category because they provide managed, pre-made portfolios where you can invest your money without paying any fees. M1 Finance is one of the more flexible ways to auto-invest because you can design your own auto investments.


Betterment: What is it? Because everything is done automatically for you, it is a robo adviser, or online investment management platform. Tax-loss harvesting, asset allocation, rebalancing, and investment selection are all handled for you at very affordable costs.

On an account up to $10,000, for instance, the annual management fees are merely 0.35 percent, or $35. When you cross $10,000, the rate drops to 0.25 percent, and when you reach $100,000, it finally drops to 0.15 percent.

With individual equities, $10k won’t get you very far in terms of diversification, but with Betterment, it will be more than enough.

3. Real Estate

There is no denying that real estate is a fantastic investment. But in most markets today, $10,000 is insufficient as a down payment for the purchase of an investment property (unless you’re my buddy who has perfected buying real estate with no money down). But that doesn’t mean that you can’t invest in real estate.

Real estate investment trusts are one method to achieve it (REITs). Compared to full ownership, these investments have a number of benefits, including:

  • High liquidity - REIT shares can be purchased and sold in a manner similar to those of equities.
  • Diversification: Instead of representing a single commercial property or mortgage, REITs represent a portfolio of such assets.
  • High income: Compared to certificates of deposit, the dividends paid by REITs are typically significantly higher than the dividend yields on stocks.
  • Tax benefits - Since REITs don’t sell properties as frequently as mutual funds do, their capital gains are, on average, substantially lower.
  • Anyone who has ever owned an investment property will appreciate the benefit of not having to get their hands dirty.

There are many different REITs available. Starting a career in REITs is now incredibly simple thanks to the internet.

Fundrise is one of the most well-liked. The simplest approach to start investing in real estate is by using Fundrise, by far.

After guiding you through the application procedure, they give you access to a list of all the potential investments you could make with your money.

The smallest investment you’ll find is $500, which they require. You can use their Starter Portfolio for for $500. Your funds will be distributed among a number of REITs in this portfolio. It’s a fantastic method to instantly diversify.

The affordable costs are one of the main advantages of using Fundrise. The average investor pays fees of 0.30 to 0.50 of their invested cash each year. This is a fantastic method to invest money without having fees eat up your returns.

Consider pooling your $10,000 with one or more other investors and purchasing an investment property entirely if you wish to own real estate.

4. Buy Bitcoin

Whether you are interested in cryptocurrencies or believe they are the currency of the future, this could be the ideal time to invest in Bitcoin.

I used to be skeptical of cryptocurrencies, but I changed my mind once Bitcoin fell to $7,000. Thankfully, each Bitcoin purchase I made throughout the first few years resulted in my making some great money.

Since hitting a record high of $68,000, the price of bitcoin has fluctuated. For many hardliners, this has just presented a chance to buy low and profit later.

It is now time to register an account on a cryptocurrency exchange and make your first purchase if you have been waiting impatiently to finally be able to own some Bitcoin (or any other cryptocurrency, for that matter).

5. DIY Stock Market

Particularly when investing a little sum of money, the majority of people appear to choose mutual funds. But if you’ve been shown a genuine capacity to profit from stock trading on your own, this could be a chance to advance.

Through organizations like E*Trade and TD Ameritrade, you can open an online discount brokerage account. These platforms offer all the information you need, including instructional materials if you so desire, to develop into a savvy investor.

Additionally, the minimal fees are a blessing if you trade individual equities. See our list of the finest online brokerage accounts for all types of investors if you’re interested in moving forward with an online brokerage.

6. Your Home

Data from CEIC show that over the previous five years, housing values have climbed by as much as 18.4%. Other places have had even greater increases, such as Nashville, Tennessee, where housing prices have increased by 30.6 percent.

The housing market doesn’t appear to be slowing down anytime soon, even if material costs are still at all-time highs.

How then can you profit from this? Investing in your home is one way to do it. A straightforward makeover or a cunning strategy to increase square footage could be used.

It should go without saying that this only makes sense if you intend to either sell or refinance your present mortgage. If you are aware of the value of your house, it also makes sense.

Let’s imagine you have the means to expand your current home by 1,000 square feet, and a contractor is willing to complete the work for $50,000. If your home is now valued at $150 per square foot and you add 1,000 square feet to it, your home will now have an additional $150,000 in potential equity.

Quite an easy way to triple your money!

When you’re finished and considering refinancing, make sure to compare offers to find the best mortgage refinance.

7. Inflation Hedge

Over the past few years, most investors haven’t given inflation much thought. But after the government recently authorized a number of economic aid initiatives, many people feared that high inflation was just around the horizon.

There are a number of assets that provide an inflation hedge, but the Series I Bond has grown to be the most well-liked by investors.

The US Treasury’s Series I Savings Bonds are a low-risk investment that provides inflation protection. These bonds’ interest is generated by a fixed rate and a rate that is directly correlated with inflation as determined by the CPI (Consumer Priced Index).

These are directly available at Treasurydirect.gov, and you can buy up to $10,000 worth of them each year.

And if you visit the website, don’t be worried because it does appear to have been developed at the same time as the Internet.

Series I Savings Bonds should be at the top of your selection if you’re an investor looking for the least level of risk feasible.

To find out the most recent interest rate, visit Treasurydirect.gov.

8. Coaching Programs

Typically, when we think about investing, we picture placing money into assets in the hopes of earning a profit. However, the investments you make in yourself are the best ones you can make. A true investment is everything you can do to advance your knowledge and abilities, which will either help you live a better life or earn more money.

Spending some money on coaching programs is one method to do this. This is especially helpful if you’re starting a new business but don’t have any relevant experience.

You will save a lot of time, effort, and money if you can enroll in a coaching program with someone who is already engaged in the field you wish to pursue. Never try to create something from scratch, as the saying goes. Almost any topic you can imagine is covered by a variety of coaching programs.

Check out my Strategic Coaching program while we’re talking about it to learn more about what it can accomplish for you. I adore it so much!

9. Getting a Designation

Another illustration of investing in oneself is this Whatever your profession, you should always be striving to expand your credentials.

They can increase your brand’s recognition, credibility, and clients’ interest in doing business with you.

10. Going Back to School

Going back to school might be the best time and money investment you ever make if you feel like your work is stagnating, which a lot of people experience these days. $10,000 won’t earn you a graduate degree from a prestigious university, but it might pay for most of the associate’s degree tuition at your local community college.

This money might offer the ideal chance to retrain for a new career that is far more applicable in the current economic climate. Employers in the US intend to hire nearly 16% more members of the class of 2019 than they did members of the class of 2018, according to the National Association of Colleges and Employers’ 2019 Job Outlook study. According to NACE data, the hiring outlook for recent college graduates is expected to be the best in over ten years in 2019.

11. Online Courses

You might consider taking online courses if you don’t like the thought of going back to school to earn a new degree or if it would be too inconvenient at this time in your life. There are numerous courses that can assist you in starting a new business or career.

12. Starting Your Own Business

Another illustration of investing in oneself is this. You position yourself to make the most of your knowledge, talents, and abilities by beginning your own business. The likelihood of you making a significant income rises as a result.

One of the best business decisions I have made was to leave my previous brokerage firm and launch my own financial planning company. It undoubtedly has its frightful moments, but the benefits have been incredible.

With just a few thousand bucks, you may start your own business thanks to the Internet. Heck, I spent less than $500 to launch this blog! Select the enterprise you wish to launch, research Internet marketing strategies, and then draft a business plan. It should be possible to get started with $10K or more.

In fact, if you want to establish an online business, you should not invest more than $5,000 at first. There are numerous strategies for launching a home-based business that demand very little start-up money.

A final note about beginning a business. With the expectation that it would increase in value, you invest money in a particular investment. However, if you own a firm, it may be able to support you financially for the rest of your life. That is worth more than almost any other investment you might make.

13. Starting a Blog

This has the potential to be a great idea on so many levels, and you most likely won’t need to spend anywhere close to $10,000 to make it happen. Build a blog on a wide subject that interests you and in which you have at least above-average knowledge, such as careers, technology, finance, investments, real estate, etc.

I carried it out via my blog. It has been simple for me to take on recurring personal finance and financial planning-related topics because I am a financial planner.

My wife’s blog started out in a different way. After realizing she could make extra money blogging, she began concentrating on topics she was interested about, like motherhood, fashion, home décor, and our impending adoption. It all began as a means to capture our growing family. I’m still in awe of the over 1 million times her home tour page has been shared on Pinterest.

The goal is to build a website with useful material that will attract users. Additionally, when it expands, you’ll have the chance to make money off of it through advertising, affiliate partnerships (basically, selling other people’s things), or by using it as a platform to market and sell your own goods and services.

Instead of starting a full-time business, this could be a strategy to develop a side business. Until you are prepared to scale it up to full-time, you can do it as a side hustle. Additionally, you are free to move at a pace that feels natural to you. But once you start rolling, a blog can be a fantastic source of both cash and new and exciting prospects.

14. Launching a Podcast

Podcasts are essentially blog posts that have been converted to audio, but they have the advantage of being shared on other websites for more exposure. Additionally, there are ways to monetise podcasts, just like there are with blogs.

The simplest method is to produce a number of podcasts and ask for donations from viewers. If you have a dedicated following, this can be a wonderful strategy. Similar to how you would for a blog, you may also find sponsors for advertising who would pay for mentions in your podcast or on the website where the podcast is hosted.

With his podcast, Entrepreneur on Fire, John Lee Dumas, host of the most popular podcast on iTunes, has established a name for himself. John started a podcast in 2012, and since then, his earnings have reached approximately $3 million! The best thing is that he makes his incredibly thorough revenue records monthly available to anyone who wants to follow his development. Since then, he has provided a variety of courses and goods for anyone interested in making money from their products. In the beginning, the majority of his income came from ads.

15. Resell Products on Amazon FBA

Amazon FBA is likely the easiest method to do it if you have a knack for finding deals but have never had the desire to sell some of those deals for profit.

Fulfillment by Amazon, or FBA, is exactly what they provide. Delivering your desired merchandise to Amazon allows you to market it there.

The business will manage the shipping for you after they have been sold, as is customary for sales on Amazon. It’s among the simplest methods for managing an online business.

16. Your Old Hobby: Sports Cards

Do you still have the old shoebox in your closet that had all of your childhood baseball cards?

You should take them out because you might have a collectible that a sports fan would be willing to buy for a lot of money.

The market for sports cards exploded following the outbreak. My childhood trading cards, including Michael Jordan’s rookie card, were fetching record prices, like this one of $840,000.

When my older brothers first started collecting, I realized how much I had neglected my childhood love of collecting. I found out how much money was going into sports cards because of this.

Learn how much sports cards are worth and where the best places to put your money are before you jump in and start spending hundreds, if not thousands, opening packs or trying to find rare rookies.

17. Pay Off Debt

This offers an almost guaranteed rate of return and is the safest way to invest $10,000, or any amount of money.

Let’s assume that you have a credit card amount of $10,000 with a 19.99 percent annual interest charge. By paying off the credit card, you can effectively lock in a 19.99 percent return on your investment and permanently eliminate the debt.

No, it won’t mean you’ll be earning a cash income on your money at a rate of 19.99 percent interest, but it will mean you stop making payments, which is essentially the same thing.

Another benefit is that you won’t have to pay taxes on the 19.99 percent that you will earn on your money because you won’t have to pay it out annually. If you received 19.99 percent of $10,000 directly, you would have to set aside a sizable portion of your income each year to pay taxes.

The Bottom Line

With inflation, $10K may not seem like a lot of money to invest these days, but if you want to make some fascinating and creative investments, it’s plenty.

You can take advantage of them to increase the size of your nest egg significantly. Even just three or four of these investment concepts will give you the chance to significantly increase your financial resources.

Try a few of these, and see if they are effective for you.

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