Entrepreneur

paid mentorship’s …. exponential roi then any high interest savings account or any investment options…. take your time choosing the right mentor and will save you so much

Hire a couple developers in Pakistan and have them develop ideas for you.

Pay off any debts. Especially credit card, car, or student loans.

Sell covered calls, easy to learn and worst case someone buys your share

I throw $1000 into savings and $1000 into the S&P500 every month.

Damn, I literally thought the top comment was urging you to manufacture and distribute fentanyl. It was an ad.

Stock options and forex. U can be living like a king if u do good at forex.

I run an investment firm so my belief is that once you get to 10k you can utilise that to start taking the returns from investing and pay off your expenses month by month.

Fist things first pay off your debts. The. Go go a bank and open a savings account, from there deposit $900.

After the money is in the bank start a candy machine business from candymachines.com and start shopping at Costco or Sam’s club to refill machines.

Depends on your business but text blasting and automated text follow up is an easy way to ramp up ROI. Try www.salesgodcrm.com

Buy Solana weekly or monthly

All in on black

Hi. Use it to buy more skills or improve your existing ones. Use those to earn more for your time to make them not just 1k a month extra but 5,6,10 k and so on. At this level, just bet all ok yourself by improving yourself.

Idk how many times it needs to be said. You DO NOT need money to make money. You need skills. How do you develop skills fast in order to make money? You work for free as fast and hard as you can until you have results you can show others. Then maybe you can charge something. Then get more results and charge more. Build a business.

Find a skill that’s adjacent but relevant to what you’re doing that will get you to the next level and build that.

I’m asking the exact same thing right now. I’m building something right now, would you be interested in trying it? It’s literally designed for this question 😅

Make a vision of what you want to create/ invest with your money. If it's a house I would put the money into the least risky investment/ high conviction and stack the money until you can make a down payment or whatever the goal is.

Bet on the Jets and Giants loosing...

Throw it all in Bitcoin each month.

Invest in high yield saving or index line VOO or VTI. Save until you have enough to buy a house and rent out that house.

Invest in another entrepreneur- wink wink

You can write letters to some casinos for some extra bucks in 6-8 weeks, some good examples are chumba Casino, Global Poker and Luckyland

Chanel that extra money into a SACCO.

@Total_Palpatation_71 Great as others said, 1 extra reason for anyone. Gov sent out alerts to DOD, ICE, and other Alphabet agency employees to keep quick access cash available for 6 months. do not know if area matters, South Texas here.

You can go into online business, have a store, sell hot & trendy products, you just need to be active, you can hire store manager

Compound interest

Invest it. Crypto, index funds, property, art, etc.

I will advise you to go into content creation or freelancing, these skills are beginner-friendly businesses, unlike forex trading, and drop shipping, yes I'm a forex trader but I won't recommend you start with it.

Just as I did, I started freelancing and used my cash flow to trade in forex industries, for profit, now I make $10k-15/month.

I won't advise you to save your money, inflation will keep on taking your money, and at the tail end, only to find all you have evaporated.

Invest it in Fonts and ETFs

So I’m surprised by all the comments in an entrepreneur subreddit about investment funds and high yield savings.

OP, if you want to make money from money you do need to do investments but not that 20 stuff. That’s retirement savings and planning, not entrepreneurship. Unless you have a large pile of cash sitting around you won’t be able to do angel investing. So my answer to your question “how do I use money to make money” is simple. Work. Invest in good equipment for a side hustle. Invest into education to increase your job prospects and income. Save for a while and try to flip cheap houses for a few grand every few months. There are lots of smaller, easier entrepreneurial options for you to use your +1k a month to make more, but they all require significant time and energy.

Above any investments or side projects or whatever, get 6 months of expenses set aside as an emergency fund if you lose this new job. Then get a few grand set aside as your flexing fund. If you need new tires suddenly, or a pipe breaks and you need to rip out walls and floors, you break your thumb, that kind of thing, that’s what this flexing fund is for. Give yourself the cushion and stability to avoid major stressors. Don’t live paycheck to paycheck.

Best of luck OP! Congratulations on the new job!

DCA on bitcoin or find Gems under $500m and invest

www.buysite.co.uk (invest in digital assets/be your own boss/be part of creator economy)

Buy and sell yugioh cards

I was reading all these great answers myself for personal interest and while they’re all great it seems like the correct answer depends on the amount of acceptable risk you can withstand. Personally I buy and am buying and holding AI stock. And of course Apple AAPL. Very low risk if you buy the stock and not the stock option. With owning the stock and not the stock option, if drops a little just hang on until it rises again. It will always rise. Always! over time

1. travel and broaden your horizon, visit developing nations, make friends and find investments

2. if you are < 30, get certifications that are relevant to your job/business

3. S&P 500

I'd start a business. I'm so poor the money would go fast to other things. I'd provide myself with a means of making more money than I do now.

You can crete dropshipping Business via Shopify. And for products you can use cj drop shipping and for traffic if you will pay 1000 dollar you will make huge jumps in a 6 mounth

Invest into ETFs or some shxt😅

I would invest in 35% or more, depending on the return and time of it.
rest I would gamble and start a few online store fronts on a popular e commerce site. Go 100% return on product for a year while filling up on deal purchases and gambling winnings. Then sell the positive store and items, keep anything that is worth it to hold and repeat from step one while changing the store method with ways of increasing my personal value until I'm selling myself and services.

Now I have full control of my life and have a few streams of income dripping in and building while having something to do.

Can you give us a bit more info on you? New job congrats. How old are you? Are you financially stable , how well educated? Do you want to invest and become a business owner or do you want to invest and be smart with the money . Have you got a decent emergency fund yet ? How much could you put down additionally or is it just the 1000$ a month

Buy ETFs

Put in to s and p 500 and then try double the amount every six months

Six months minimum of monthly expenses in a high-yield savings account with FDIC insurance. If the bank is public, check to see if their assets are liabilities are in order and if they are losing money.

After that, just put it into a 401k. If you go the investing route, expect to lost money for a long time before you get it right. By long time, I mean probably 5-10 years or more.

Have you looked into AI / Quantitative trading?