How do I make money work for me in small quantities?

Question

I only have about $60 per week after my expenses. I would like to have $20 spending cash. That gives me $40 to invest or otherwise put to work for me to begin. What can I invest this little bit in that will give me some kind of return that won't require a huge time investment, because I don't have any of that to spare after working 2 j.o.b.s.

Answer 1

If you have $40 to save every week, you can open a mutual fund account with some of the large brokers, for example, T.Rowe Price. While most types of accounts need large investments, there are some accounts that need only a $25 per month minimum. You set it up so that they automatically deduct say, $100 each month from your account. This then goes into some kind of mutual fund. This approach is not a get-rich-quick scheme. On the other hand, if you are relatively young, you have many years ahead of you, and over time, this can become quite a large nest egg. When you invest a fixed dollar amount every month, you get the benefit of what is called 'dollar cost averaging'. (You can check the internet to find out what that means).

Happy investing.

P.S. Call one of the large brokers (T.Rowe Price, or Fidelity or Franklin), explain your situation, and ask them to suggest funds that allow a low monthly investment, and get their help to set up the account.

Answer 2

Go to your bank.

Bankers love to help you with your money. A Roth IRA is a good investment for retirement.

Stay away from online scams.

Good luck!

Al

Answer 3

Try:

http://xtracash.tk <-- Fill out surveys (the $$ adds up!)

http://www.clixsense.com/?2537397 <-- Get paid to view ads for only 30 seconds

Then, get your friends to sign up, because that way you can keep making money even when you are not active on these websites yourself.

Answer 4

Hi there,

This, will require no big time investment and no money investment either!

Unless you have a very popular website, or product to sell, and thus advertise other's from you're own site, it's going to be quite hard to make alot of money online.

However, one site that works that i've found for a wee bit extra income is  

MyHomepageFriends -  http://www.myhpf.co.uk/apply001.asp?Frie...

Accepts worldwide members!

Basically, you sign up, and use the search engine (which is yahoo), and for every search you make, the site makes 5p, and gives you 2p for this.. Now this probably doesn't seem like very much! But if  you're making 50 searches a day, that's a pound a day and then - 30 quid a month! Plus, you get 1p per search of every friend you let know about the site.. So i guess it works like this (if I'm right hehe, been calculating this myself to see how much i'm due this month)

50 searches a day - £1... Monthly: £30

You refer 10 people who make 50 searches a day (you get 10% i think) - 10p from each -- another £1 a day...

So that's £30 from yourself, and £30 made from you're referral links (great if you have a blog or a small website to advertise from, to get some referrals)... And they will pay you out once you've reached £20! You also get paid 5% for anyone you're friends refer, you can check all the stats online, i've made 90p from my cousin alone so far in a few days hehe!

Works well and pays you by paypal/cheque/credit card (i think maybe bank account transfer too, but definitely paypal!).. It's not a lot, but an opportunity to maybe make an extra £50-£100 a month for doing nothing other than what you probably already do in google - search the web! You can also check your balance at any time so you know how much you've earned and how much you've gainedd from you're friends earnings!

Check it out, and let me know how you get on :) Msg me if you want any advice about it, i've been a member for a while now : )

Here's the link for it :

http://www.myhpf.co.uk/apply001.asp?Frie...

Thanks, Lindsay x

Answer 5

You may look into some of the PTC sites. You can earn money for viewing advertisements online and more money for advertisements your referrals' view.

Be sure that the site is genuine. Some of the points one should consider are that the site should not ask for any registration fee, and if the site hosts forums it is further helpful. The site should also pay you when you want/keeping a low minimum payout.

This one is good too -

http://www.neobux.com/?r=sharadkiri

Answer 6

I Do that all the time.

I make money work for me everyday( actually with  no with money at all :)

I've received around $ 1000 a month from all these sites that paid DAILY. Here is a link of some free sites that Paid By Check or PayPal to do surveys, read emails and more. After that I use this money to invest in many things that go up in value. I'm on my way to financial security  and very happy about it  :)

Good Luck To YOU Too my friend  =D

http://www.squidoo.com/top5sitesthatpaid