YPRuck: I go to the gym about 5 days out of the 7 day week and I routinely get in the sauna where a lot of different topics are discussed from women to God to Government to finances and investing. An older gentlemen said something that really hit home that a lot of young professionals can not grasp and that was that the object of building wealth is not to lose money. He told me that small investments now will set me up for a bright financial future. Even if I make $100 on a 12 month CD, he said, “You didn’t lose money. Did you?” YPDSing and I always talk about looking for the quick rich scheme instead of looking for the small gains that will eventually lead to a big payday. YP’s we must rid ourselves of the quick rich scheme mindset and start small and build our wealth which will better prepare us for that big payday. Check out this article I found, it sounds crazy “100 dollars into millions” but it’s possible if done the right way. Let’s work hard and invest smart now so we don’t have to when we’re older and the sooner you start investing the sooner you’ll be better off. YP’s stand up and let’s lay the financial foundation and blueprint for generations to benefit.
For most people, the idea of turning a hundred dollars into a million bucks, much less into millions of dollars, is an alien thing. Unless, of course, turning 100 into a million is a simple operation of adding the appropriate number of zeros, which it is not. However, there are ingenious ways to actually make a million dollars out of your hundred dollars. It just takes imagination, determination and passion to become a hundred-dollar man to a million-dollar man.
Invest Your Money in Stock Investments
Yes, there are stocks in publicly-traded companies on the Big Board that you can purchase for a hundred dollars, give or take a few dollars for minimum enrollment fees. Of course, the presumption is that you will initially bypass hiring a stockbroker for this purpose since you want your hundred dollars to remain relatively intact from the stockbroker fees.
For example, you can invest in J&J stocks for as little as $100 with a $10 enrollment fee. This is assuming that you will automatically purchase a $100 worth of stocks every month from your bank account until you have reached the minimum stock purchase requirement of a thousand dollars. Yet another example is Coca-Cola that allows for the purchase of one share of stock without an enrolment fee.
Also, you can invest in penny stocks. Most of these stocks will sell at an average of $5 per share. Keep in mind that some of the penny stock companies make money albeit they are not listed on the Big Boards due to market cap limits.
Invest Your Money in a Compounding Interest CD
If you have accumulated a sufficient number of hundred dollar bills, you can invest it in a compounding interest certificate of deposit (CD) in either a bank or a credit union. You have the guarantee of your principal investment being returned to you with a respectable interest income. In fact, for many investors, a CD is the safest investment you can have in your portfolio. Of course, you must choose the CD with the highest possible returns, all other things being equal on the terms and conditions front. Also, you must stay on top of your CD investments as you do not want them to roll over into low-yielding accounts once they reach maturity.
Double Your Profits
If you are into business, the best way to turn your dollars into millions is to double your profits with every investment. When you constantly and consistently double your profits, your hundred dollars can turn into a million dollars in about 12 separate investments while reinvesting the profits. For example, you must invest in a product that can be purchased for the lowest possible price of $100. Now, sell it for more than double its amount such that you can recoup your investment of $100, cover your operating expenses and still get your $100 net profit.
As a start to profitable investing, you should learn how to trade penny stocks. Visit http://www.pennystocktradez.com/ for more strategies.
Article Source: http://EzineArticles.com/?expert=Mike_Singh
By Mike Singh
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