I have $70-How can I make my money grow?

Question

I found $70 that I forgot about. How can I make this money grow? Should I invest it, put it in bonds, save it? If so, how do I do these things and what are they? I will also be babysitting in august and get $200 from that. Please help

Ashley

Answer 1

Stock symbol HDY, less than 2 bucks, hold for 5 years. Good luck!

Answer 2

Put it all on black.

Answer 3

invest!

Answer 4

Well $70 isn't enough to buy certain stocks and it really would be no point so I wouldn't advise that. Your better off using that money to start a 'mini-business'. Use that to buy a product low and sell it high: It can be from anything such as beverages to stationary. I advise that you save up to $1,000 to start in the stock market and you should learn more about how stocks and bonds work.

Answer 5

$70 is NOT a huge amount these days, but it can be the basis of starting a really fantastic wealthy life. If you haven't read them yet, get hold of some books: The Wealthy Barber by David Chilton; Secrets of the Millionaire Mind by T. Harv Eker; The Millionaire Next Door by Thomas J. Stanley and William D. Danko. And any other personal finance authors you care to read. If you prefer women authors, there are several books by Suze Orman on the market.

You can get these books at your local bookstore or at the library. Sit down and read them. Then read them again.

They all explain that money management is a system. No matter if you start with ONE dollar or a million, the fundamentals are the same - you need to put some aside (pay yourself first), pay your bills, set aside some for education, some for "play money", and definitely some for charity.

Whichever system you pick (each of the books has some suggestions), start your 70 dollars that way, do the same with the 200 when it comes along, and any more money that you earn over the years, keep splitting it up the same way.

It sounds like you are very young, so congratulations on getting started EARLY! You'll have a tremendous advantage over others by the time you start "really earning", because you'll have learned the system that will get you to financial freedom well ahead of your peers!

Cheers,

FF

Answer 6

What is your passion? You can start your own business online through your interest, affiliate marketing is good. Plan it wisely and remember to beware of scams. Good luck! :)

Answer 7

Friend $70 is a quite small amount but it can make wonders to you life. i can tell you how....

Just make a habbit for reading forex updates daily and at the smae time join some forex demo account. after 10 days start trading in forex live account. the reason why i am saying this is as bond, stocks or funds can make you to grow your investment as much as Forex can and also as the amount is small you can learn nore and risk would be very minimal.

I have also started trading like this. I just entered with $50 and  now i have $5000 in very less time. you can also make it if you seriously do it. Learn Forex and earn through Finexo. It is my dealer who helped me. Maybe it can help you. just login to see its working and then decide your plans