How To Invest $1,000 In 2024

"The way that these exchange traded funds work is that they trade just like stocks but instead of buying one company you're buying an index you're buying a group of companies so vti is an index that gives you exposure to the total stock market so if you just want to invest your money into the stock market well you can put your money into a fund like vti"

"another option is you can invest your money into something called the S&P 500 the S&P 500 is a group of the 500 largest companies by market capitalization meaning by size in the United States stock market so you have funds like vo and spy two different ETFs that give you exposure to the S&P 500"

"The fourth way to passively invest your money here would be to invest your money into dividend paying funds I like to invest my money for cash flow"

"the way that you can get exposure to real estate with a th000 investment is by investing your money into crowdfunded real estate there are again platforms on the internet that will allow you to invest in crowdfunded real estate meaning you're investing your money into a fund that's giving you exposure to real estate"

"for example you can go out and become a certified data scientist if you go and become a data scientist well you will have the ability to earn close to $100,000 a year just from your job"

"you can start pretty much any service-based business if you're good at design you can be a graphic designer for companies you can start a service creating visuals managing the social media for companies if you're good at marketing you can create a marketing service"

"maybe you start a mobile detailing business where you go to rich people's houses you go to doctor's houses you go to attorney's houses people that have money but don't have time you go to the house and you wash their nice cars for them"

"instead of offering limos what he does is he works with high income earners like doctors Executives and attorneys and he says your time is worth more than my hourly rate so instead of you driving yourself to your office to your clinic to your hospital 30 40 minutes away how about you just pay me a fraction of your hourly rate and I will take you there"