What Can I Do With 500 Dollars?

15 of the Smartest Things You Can Do With $500 Right Now

  • Invest in an index ETF.
  • Pay down credit cards.
  • Make an extra payment on a mortgage.
  • Start an IRA.
  • Consolidate some debt.
  • Buy life insurance.
  • Fix your car.
  • Get a health screening.

What can I buy for 500 dollars?

Here is a list of cool things to buy under 500 dollars on amazon.

  1. Yeti Panga 50 Dry Duffel.
  2. Renogy Phoenix Portable Solar Power Generator.
  3. Breville BTM800XL One-Touch Tea Maker.
  4. Shark DuoClean NV803 Powered Lift-Away Speed Vacuum.
  5. Wolfgang Puck Electric Reversible Grill and Griddle.
  6. Hail Protector Car Cover.

How can I turn $500 into $1000?

Check out the eight ways you can turn $500 into $1000.

  • Learn the Stock Market.
  • Try Robo Investing.
  • Add Real Estate to Your Portfolio with Fundrise.
  • Start an Online Business.
  • Invest in Yourself with Online Courses.
  • Resell Thiftstore Clothing.
  • Flip Clearance Finds.
  • Peer to Peer Lending with Prosper.

Is it worth investing 500 dollars?

$500 isn’t much to start with, but it is a start. If you can start with $500 dollars and come up with $500 per year and invest like Warren Buffett, you might have $1.2 million in 30 years with an investment of $15,000. It’s the power of compounding interest that can make you rich even with almost no money.

How can I turn $100 into $1000?

7 Ways to Invest $100 and Grow it to $1000

  1. Put it into a high-interest savings account. If you’re wondering how to double $100 (and then some), look no further than the bank.
  2. Use robo-advisors.
  3. Invest in dividend stocks.
  4. Start a business.
  5. Invest in yourself.
  6. Lend your money.
  7. Buy and sell stocks.