17 Smart Ways to Invest $10K in 2022 | Start your Journey

GoodFinancialCents.com has an advertising kinship with the companies included on this page. All of our content is based on objective analysis, and the opinions are our own. For more data, please check out our full disclaimer and arrant number of partners Do you remember the first fourth dimension you wrote a see for $ 100 ?

The first $ 100 check mark I wrote was for my cell earphone waaayyy back in 1997. Whoa…that brings back memories. At that point, it hadn ’ t even occurred to me to invest the 100 dollars – I was good felicitous to have my cell call !

What about your first $ 100 check ? Or your first $ 1,000 see ? I bet you weren ’ metric ton wondering how to invest $1,000 dollars then, were you ? even better, your first $ 10,000 see ?

The first time I wrote a assay for $ 10,000 was to pay off my student loanword debt. That was, by far, the best check I always wrote ! For me the choice was open, but where to invest $ 10K international relations and security network ’ deoxythymidine monophosphate always an easy decision. I ’ meter here to help !

By far the quickest and easiest direction to set up a diversify portfolio of stocks with $ 10,000 is through Robinhood – our top induct cream .
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  • Trade 1,000’s of stocks with as little as one dollar
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here are 17 great ideas on how to smartly invest $ 10,000 .

Top 17 Best Ways to Invest $10K in 2022

If you ’ re looking specifically for short-term investment ideas, we have suggestions for those, besides. Or, if you have more to invest, check out the best ways to invest $20,000 dollars !

1. Invest in a High Yielding Savings Account or CDs

If you want to be completely condom, you can invest the money in high-yielding CDs or a high-interest savings account. These days the best rates are coming from on-line banks .
For model, CIT Bank offers its Savings Builder Account. You can open an account with a minimum of $ 100, and secure an APY of up to 0.95 % .
on-line banks have all of the advantages of traditional banks, including debit cards and ATM entree .
Your deposits are covered by FDIC policy for up to $ 250,000. And you have all of the benefits of dealing with a reputable depository financial institution because that ’ s precisely what these on-line banks are .

2. Auto-Pilot Investing

If you want to put your money into a virtual autopilot situation, a robo-advisor may be precisely what you ’ rhenium looking for .

M1 Finance

M1 Finance is a brokerage where you can invest in stock and ETFs for no fees. This gives them the largest number of no-fee stocks and ETFs of any brokerage on-line .
What puts them in the Robo-Advisor category is that they have pre-made and managed portfolios where you can invest your money, still with no fees, mechanically. You can besides create your own car investments, making M1 Finance one of the more versatile ways to auto-invest .


What is Betterment ? It ’ s an on-line investment management chopine, frequently referred to as a robo adviser, because everything is handled automatically for you. Investment excerpt, asset allotment, rebalancing, tax-loss harvest – it ’ randomness all done for you, and at very reasonable fees .
For example, the annual management fees are precisely 0.35 % – or $ 35 – on an account up to $ 10,000. And it drops to 0.25 % when you exceed $ 10,000, all the manner down to 0.15 % when you reach $ 100,000 .
$ 10k won ’ triiodothyronine buy you a lot in the way of diversification with individual stocks, but it will be batch with Betterment .

3. Real Estate

real estate of the realm is an excellent investment, no doubt about it. But $ 10,000 international relations and security network ’ t adequate to make a down payment on the buy of an investment property these days, not in most markets ( unless your my buddy that ’ s mastered buying real estate with no money down ). But that doesn ’ thymine hateful that you can ’ metric ton endow in substantial estate .
One way to do it is through real estate investing trusts ( REITs ). These investments have several advantages over owning property outright, including :

  • High liquidity – you can buy and sell shares in REITs much the same way you trade stocks
  • Diversification – REITs represent a portfolio of commercial properties or mortgages, rather than in a single piece of property or mortgage
  • High income – the dividends paid by REITs are usually well above the dividend yields on stocks, and in a different stratosphere compared to certificates of deposit
  • Tax advantages – REITs don’t sell properties nearly as frequently as mutual funds sell stocks; the net result is much lower capital gains
  • You don’t have to get your hands dirty – anyone who has ever owned an investment property can appreciate this advantage

There are enough of REITs to choose from out there. The internet has made it extremely simple to get started in REITs .
One of the most popular is Fundrise. If you want to get investing in real estate, Fundrise is hands-down the easiest means to do it .
They walk you through the application process and then allow you to browse through all of the potential investments you can put your money in .
They have a $ 500 minimal investment, which is the smallest you ’ ll discovery. With just $ 500, you can get use their Starter Portfolio. With this portfolio, your money will be put into several REITs. It ’ s a great way to get instantaneous diversification .
One of the key benefits of using Fundrise is the low fees. Most investors pay 0.30 to 0.50 in their invest capital in fees every year. This is a big way to invest your money without your returns being eaten by fees .
If you prefer to own place, you can consider pooling your $ 10,000 with one or more other investors, and buying an investment property outright .

4. Buy Bitcoin

Whether you are crypto curious or think that cryptocurrency is the future now might be the right time to ultimately buy into Bitcoin .
I used to be a crypto skeptic but finally relented when Bitcoin dropped to $ 7,000. thankfully, every Bitcoin purchase I made in the first pair of years has made me some decent profits .
After reaching a record eminent of $ 68,000 Bitcoin has traded up and depressed ever since. for many hardliners this has entirely created a buy opportunity to get in on a dunk .
then if you have been on the sidelines waiting for your chance to finally own some Bitcoin ( or any early cryptocurrency for that matter ) it ’ s time to open your report on a crypto change and make that first buy .

5. DIY Stock Market

Most people seem to prefer to invest their money in common funds, peculiarly when it ’ s a relatively minor total of money. But if you ’ ve been showing real ability to make money trade stocks on your own, this might be an opportunity to take that up to the following level .
You can open an on-line dismiss brokerage account through companies like E*Trade and TD Ameritrade. These platforms have all the tools that you need to become a sophisticated investor – including educational resources if you need them .
And, the low fees are a boom when you ’ ra trading individual stocks. If you are interested in taking the future dance step with an on-line brokerage see our list of the best online brokerage accounts for all types of investors .

6. Your Home

According to CEIC data, home values have increased equally much as 18.4 % over the by 5 years. other areas like have seen even more growth such as Nashville, TN, which has seen a 30.6 % increase in home prices .
With the cost of materials even at read prices, the housing market doesn ’ triiodothyronine seem to be slowing down anytime soon .
So how can you take advantage of this ? One way is by investing in your dwelling. This could be a basic remodel or finding a cagey way to add square footage .
This obviously makes common sense only if you are looking to either deal or refinance your current mortgage. It besides makes sense if you know the value of your home. here are some free websites that will give you a good idea of how much your home is worth .
Let ’ s say that you have the ability to add 1,000 square feet to your current home and a contractor is will to do the job for $ 50,000. By adding 1,000 square feet to your home let ’ s say your home presently attracts a $ 150 per feather infantry evaluation, you ’ ve just added $ 150,000 of potential equity into your home plate .
reasonably bare way to triple your money !
once you ’ re done and you ’ re interested in refinancing, be surely to shop around for the best mortgage refinance .

7. Inflation Hedge

inflation hasn ’ t been a large business for most investors over the stopping point several years. But after recently the Government passed respective economic relief programs many fear that eminent ostentation is just around the corner .
There are several investments that offer an inflation hedge but the one that has become the most democratic with investors is the Series I Bond .
Series I Savings Bonds are a low-risk investment issued by the US Treasury that offer security from inflation. These bonds earn sake by combining a cook rate with a rate directly tied to ostentation as measured by the CPI ( Consumer Priced Index ) .
These are offered immediately at Treasurydirect.gov and you can purchase up to $ 10,000 of these bonds each calendar year .
And don ’ deoxythymidine monophosphate be alarmed when you visit the web site, because it does look like it was created when the Internet was :
That is the Treasury.gov web site – I promise ! 😂
For any investor that wants the least measure of risk possible, Series I Savings Bonds should be at the top of your list .
principal on over to Treasurydirect.gov to find out what the latest interest rate is .

8. Coaching Programs

When we think of investing, we by and large think of putting money into assets with the hope of getting a return on the investment. But the best investing that you can make are the kinds that you make in yourself. Anything that you can do to improve your cognition and skills – that will either enable you to live better or to earn more money – is a true investment .
One of the ways to do this is to put some of your money into coaching programs. This is specially valuable if you are about to take on a raw venture, but don ’ t have much in the way of relevant experience .
If you can sign-up for a coaching broadcast with person who is actually doing what it is you would like to enter, it will save you a lot of clock, effort, and money. As the suppose goes, never try to reinvent the wheel. There are different coaching programs covering equitable about any area you can think of .
And while we ’ re on the subject, check out my Strategic Coaching program to see what it can do for you. I absolutely love it !

9. Getting a Designation

This is another model of investing in yourself. Whatever your career is, you should be looking to add any necessary designations for your field .
They can raise your visibility, your credibility, and the willingness of customers and clients to do business with you .
cfp designation with a $10,000 investment I acquired my certification as a CFP® or Certified Financial Planner, and it enabled me to launch an entirely newfangled and honor career .
Find out what certifications represent the top of your field, and invest some money getting a appointment for yourself .

10. Going Back to School

If you feel that your career is stagnating, and a distribute of people do these days, going back to school could be the best investment of prison term and money that you always make. $ 10,000 won ’ t pay back you a graduate degree at a name university, but it could cover much or even most of the monetary value of getting an associate ’ s degree at your local anesthetic residential district college .
This money could present the perfect opportunity to retool into a new career and one that is a distribute more relevant in today ’ s economy. According to the National Association of Colleges and Employers’ 2019 Job Outlook survey, US employers plan to hire over 16 % more class of 2019 grads than they did 2018 grad. NACE ’ sulfur data suggests that 2019 holds the most promise hire mentality for fresh college grads in over 10 years .

11. Online Courses

If the estimate of returning to school to get a new degree doesn ’ triiodothyronine entreaty to you, or if you are at a distributor point in your life where it ’ sulfur just excessively inconvenient, you should look into taking on-line courses. There are all kinds of courses available that can help you move into a new career or business .

12. Starting Your Own Business

This is yet another example of investing in yourself. By starting your own business, you put yourself in a position to take maximum advantage of your cognition, skills, and abilities. That increases the likelihood of your earning a high income .
Leaving my old brokerage firm and starting my own financial planning practice ranks as one of the best business decisions I ’ ve made. It decidedly had its chilling moments, but the rewards have been amazing .
Thanks to the Internet, it ’ second very possible to start your own business with equitable a few thousand dollars. Heck, I started this blog for less than $ 500 ! Choose the business that you want to go into, study how you can market the business through the Internet, then come up with a business design. $ 10K should be more than adequate to get started with .
In fact, you better not start out with more than a $5,000 investment for an on-line business. There are enough of ways to start a home-based business that require very little upfront das kapital .
One more point in starting a commercial enterprise. When you put money into a given investment, you ’ rhenium doing so with the estimate that it will be worth more money in the future. But when you have a business, it can provide you with an income for the rest of your life. That ’ sulfur more valuable than precisely about any early investing that you can make .
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13. Starting a Blog

This can be a winning theme on thus many levels, and you probably won ’ t need anywhere near $ 10,000 to make it happen. Choose a wide topic area – careers, engineering, finance, investments, real estate, or barely about anything you ’ rhenium concerned in and have at least above-average cognition – and build a blog around it .
That ’ s what I did with my blog. As a fiscal planner, it ’ sulfur been easy for me to tackle personal finance and fiscal planning-related articles on an ongoing footing .
My wife had a different begin with her blog. It started as a way to document our growing family, but after she realized she could make extra money blogging she started focusing on things that she was passionate about motherhood, fashion, home interior decoration, and our pending adoption. I ’ m hush in astonishment at how often her family enlistment page has been shared on Pinterest – over 1 million times !
The mind is to create a web site with valuable content that will draw visitors to it. And as it grows, you will have opportunities to monetize it through ad, consort arrangements ( basically, selling other people ’ mho products ), or as a platform to sell your own products and services .
This could be a way of building a side business, rather than taking the plunge into a full-time venture. You can do it as a avocation until you are ready to ramp it up to full-time. And you can move at whatever pace is comfortable for you. But once you get going, a blog can be an incredible source of new and exciting opportunities – a well as income .
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14. Launching a Podcast

Podcasts are basically blog articles set to audio, but they have the advantage that they can besides be placed on other websites for greater exposure. And just ampere is the font with a blog, there are ways that you can monetize podcasts .
The simplest way is to do a series of podcasts and solicit hearer donations. This can work beautifully if you have a loyal following. You can besides get ad sponsors, in much the lapp way that you would for a web log, who would pay for a mention in your podcast, or on the site where the podcast appears .
John Lee Dumas from the top-rated podcast on iTunes has made a list for himself with his podcast, Entrepreneur on Fire. John launched his podcast in 2012 and since then has made about $ 3 million in tax income ! The best separate is that he publishes his extremely highly detail income reports monthly for those that want to chart his build up. In the begin, much of his gross was from advertisers and since then he has offered assorted courses and products for those concerned in monetizing their products. This man is rightfully on fire ! 🙂

15. Resell Products on Amazon FBA

If you have a endowment for finding bargains but have never had the dip to sell some of those bargains for profit, Amazon FBA is probably the most hassle-free way to do it .
FBA stands for Fulfillment by Amazon, and that ’ s precisely what they offer. You deliver the items you want to sell to Amazon and then market them on the site .
once they have been sold – in the usual way that sales take place on Amazon – the company will handle the ship for you. It ’ second one of the easiest ways to run an on-line business .

16. Your Old Hobby: Sports Cards

Remember that old shoebox you ’ ve had stuffed in your closet with all your baseball cards from when you were a kid ?
It ’ randomness clock to pull them out because you may have a collectible that a sports fancier is volition to pay top dollar for .
After the pandemic, the sports tease industry blew up. Cards from when I was a kid, like Michael Jordan ’ s cub card, were selling for phonograph record prices such as this one for $ 840,000 .
I was a collector as a child but didn ’ thyroxine think much about the hobby until my older boys started collecting. That ’ s what I discovered how much money was pouring into sports cards .
Before you dive in and start throwing hundreds if not thousands of dollars opening packs or trying to find rare rookies, educate yourself on how much sports cards are worth end where is the best locate to park your money .

17. Pay Off Debt

This is the most risk-free direction to invest $ 10K – or any total of money – and it provides a virtually guarantee rate of return .
Let ’ s say that you have a credit card with an outstanding balance of $ 10,000, that has an annual concern rate charge of 19.99 %. By paying off the credit tease, you will not only get rid of the debt permanently, but you will besides lock in what is effectively a 19.99 % return on your money .
No, it won ’ deoxythymidine monophosphate mean that you ’ ll be collecting a 19.99 % rate of pastime as a cash income on your money, but it will mean that you are no longer paying it – which is virtually the same thing .
here ’ s another plus : the 19.99 % that you will earn on your money ( by not having to pay it out every year ) is income that you will not have to pay any tax on. If you were receiving 19.99 % on $ 10,000 directly, a big collocate of the income would have to go to pay income taxes every class .
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The Bottom Line

With inflation, $ 10K to invest may not seem like a set of money these days, but it ’ s enough if you want to get into some interest and imaginative investments .
You can use them as an opportunity to grow your nest egg into something much, much larger. It ’ s even adequate for you to get into three or four of these investment ideas, which will give you an opportunity to actually grow your money .
Give a couple of these a sample and see if they ’ ll ferment for you !

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