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How to Invest $100 and Grow it to 6 Figures

Jonathan Morgan
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Jonathan Morgan
5 mins
February 19th, 2024
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How to Invest $100 and Grow it to 6 Figures

Turning $100 into six figures is a goal no one should realistically have. But it's the question you might ask yourself: Can it be done? Sure. Probable? It's less probable than winning the lottery, but technically still probable - like finding a needle in a haystack the size of Canada. But possible? Absolutely.

Except for your time and some minor leg work and/or driving, all you'll need in addition to your $100 is a metric crap ton of luck - I'm talking a bajillion leprechauns at the end of a double rainbow with buckets full of gold kind of luck.

Coin Roll Hunting: Making Every Bank Teller Hate You

Some may not know this, but quarters, dimes, and half-dollars before 1965 were made with 90% silver. Let's say you've got a half-dollar from 1962. You're probably like, "Oh, great, a 50-cent coin that no one uses". That 50-cent coin's silver content is a little over $9 bucks.

And if you think you have to look at every coin individually, you don't. Modern coins are nickel, zinc, and copper alloys, with copper making up a little over 90% of the alloy. When you look at a modern quarter, dime, or half-dollar coin from the side, you'll probably see two tones of color: copper and a slightly 'dirty' nickel color.

The 90% silver half-dollars are going to stick out. Because they're mostly silver, against a bunch of modern 50-cent pieces, pre-1965 half-dollars will look almost 'bright' or 'white.'

Now, before you start thinking, I'm going to need a lot of 90% silver half-dollars to get to $100,000; no one ever said turning $100 into $100,000 would be easy.

But call the banks first. Some banks may only issue rolls to people who are customers. And don't think putting 200 half-dollars into a sock to carry it into any bank will fly everywhere. Many banks want you to put the coins into rolls.

Become An Expert In Art And Visit Every Goodwill In America

There are some crazy (and frequent) stories about people who walk into Goodwill and buy some random object worth way more than what they paid for.

For example, in 2017, this lady in New Hampshire bought a painting at a local thrift shop for $4. Fast forward a few years, and she puts the painting on a Facebook page dedicated to the painting. How much was the painting?

It sold for $200,000-ish bucks at auction.

Write A Book

You could always invest $100 in yourself - and write the next New York Times bestselling novel. Why not write that book you've always wanted to write? Make it happen. These days, it's easier than ever to self-publish.

Dropshipping

In a nutshell, dropshipping is an e-commerce model that allows you to sell products without holding any inventory. When a customer places an order in a dropshipping store, the retailer purchases the item from a third party—usually a wholesaler or manufacturer—who then ships it directly to the customer.

Let me repeat that: you don't hold any inventory. Some other poor sap does that. Instead, the drop shipper focuses on the business's marketing and customer service. Many platforms (for example, Shopify) offer budget-friendly options to launch your website with minimal upfront costs. Your initial investment goes into a domain name and basic hosting—a small price to pay for the foundation of your digital empire.

Then, it's all about marketing. Social media platforms become your best friend, offering a cost-effective way to reach your target audience. Utilize Instagram, Facebook, and Pinterest to showcase your products while engaging with potential customers personally.

So, if you can sell ice to penguins, take your $100 bucks and talent and make it happen.

Spread Your $100 And YOLO Into One Or Many Sh*tcoins

And now, for the pièce de résistance.. Take that $100 and YOLO $10 across ten different sh*tcoins. You might end up losing your $100 bucks - but when the cryptocurrency market is in one of its major expansion phases, you'll read and hear stories of people who turned $100 into thousands. It's the financial equivalent of buying lottery tickets, except these tickets are digital, and their value can skyrocket faster than you can say, "Let's GOOOOOOO."

This strategy is not for the faint of heart. It requires nerves of steel, a dash of insanity, and an unwavering belief in the underdog. The crypto market is volatile, unpredictable, and teeming with opportunities.

Be Realistic

Let's be real for a moment. The odds of turning $100 into $100,000 through these methods are slim—very slim. But the true value is about embracing creativity, taking calculated risks, and learning from the experience. It's a reminder that the most unconventional paths can sometimes lead to the most extraordinary destinations.

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Contributors

Jonathan Morgan
Jon is a writer and the author behind Stocktwits' The Litepaper, a cryptocurrency newsletter read by hundreds of thousands. With contributions to FXStreet, Cointelegraph, UK Exchange Rates, and recognition as one of Quora.com's Most Viewed Writers in finance, Jon brings over 15 years of knowledge to the trading and technical analysis community. As a private trader and educator, he demystifies complex financial markets, guiding both new and experienced traders through the market's complexity.
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