How to turn 10k into 100k [2024] I did it. You can also do it • Touchdown money (2024)

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So you've set aside $10,000. Congratulations! But what now?

78%¹of Americans say they are “at least okay” financially. And if you have 10k, you are probably part of the 78%.

But is 'making it right' really what you're aiming for?

Once I felt 'okay', but then I decided I wanted more. And now I run a super successful company.

I want to help you do the same.

I will explain it belowhow to turn 10k into 100k– while being your own boss and in control of your life!

How to turn 10k into 100k

Guess why I know how to turn 10k into 100k?

Because I did it myself!

In fact, I started with much less than $10,000 and was still able to make it over $100,000.

Here's how I did it:

• I'll bet my money (again,wayless than 10,000!) for content production and advertising.
• Through continuous training I have improved my skills.
• I sold my services as a coach and freelancer.

So here are seven great ideas to turn 10k into 100k.

Wondering how to get 10k? Check out my guide athow to make 10k a month!

1 – Start blogging

Take it from me: blogging can be quite lucrative.

Start by finding a topic that interests you and that others are interested in too.

For example, this page is about making money online. It's something I know a lot about, and it's something readers want to understand. Perfect!

Once you have an idea, think about the presentation. You want your blog to look professional, right? This is where some of your original financing should go.

First, you'll probably want to use oneweb hosting service. How to build a quality website with your own domain name.

Check out my reviewbest web hosting services.

You should use one toowebsite builder. I didn't do that at first - and the results stink.

But now I know better!

Read my list abovebest website buildersso you know which service to choose.

2 – Write an email newsletter

Aemail newsletteris something you write consistently and then send to a list of subscribers.

So why would you want to write one? Because you can turn 10,000 into 100,000!

With an interesting topic and the right strategy, you can watch your subscriber list explode. Would you like help to realize this? Check out my list abovebest email marketing software, includedConverterKit. These programs can quickly take your newsletter from 0 to 100!

And once you have subscribers, you can easily monetize your newsletter! An option? Sell ​​advertisem*nts in the newsletter.

You can also include links to products that will give you a percentage of the sales (this is called affiliate marketing and is a great way to make money online).

And if you areRealis successful, you can even sell the newsletter to a company.

I think this is one of the bestcheap high profit business ideas.

3 – Start an online business

Oh, the Internet! Come for the cat videos, stay for the 100,000 business opportunities!

Nowadays you can sell almost anything online. Physical products? Naturally. Digital services? You can believe that! Secret spells to make people fall in love? Hey - you do!

The easiest way to start an online business is probably through the platformShopify. They will guide you through setting up your online store and give you access to all kinds of powerful marketing features.

Would you rather build your own website? Even that won't be difficult thanks to modernwebsite builders.

Check out my list abovebest website builders.

4 – Invest

Investing your money is the classic way to increase your wealth. Are there risks? Of course, but there are also huge rewards.

Today, interest rates are at historic highs. This means that even safe investments are more lucrative than before. You can even earn 5% interest on a simple savings account! Start investing withPublicto maximize profits.

But it won't make you rich.

So here's how you can turn 10,000 into 100,000 by investing:

• Invest in real estate.You may not be able to buy your own home with just $5k, but you can still spend moneySharesMultipleto invest in part of something bigger.
• Invest in shares.The safest option is to invest in index funds or mutual funds. But if you want to swing for the fences, try investing in individual stocks.Jerkmakes investing easy.Get $20 with our link here.
• Invest in venture capital.Start-up financing used to be intended for the mega-rich. But with platforms likeSharesMultiple, now you can start the game.

View the all-in-one investment platform without costs, without subscription and without maximum:Public.

5 – Turn things around

Nasty "to sellSomething is: buy it at one price, sell it at a higher price and then reduce the difference.

You can do it with just about anything, but certain things work better than others.

Common things to flip include:

• Websites (find websites atEmpire Flippers)
• Furniture
• Sportmemorabilia
• Appliances
• Training equipment
• Designer shoes and clothing (vieweBayfor discounted products)

Before you start browsing, research the item you selected. How much does it normally sell for? Where can you get it cheap? And where are you likely to sell it at full price?

You'll learn as you go and your earnings should increase as you refine your strategy.

Read my complete guide to "What's running” for more insider tips.

I've made a career out of sharing knowledge - and you can too! Not only does it pay the bills (and then some), but it's also super rewarding.

One way to monetize your knowledge is to create a courseLearnable. The idea is simple: you fill the course with tips and lessons, and then people pay for it. And the quality of the software makes creating courses easy.

Another option is to host webinars, which are essentially just virtual classes. Check out my reviewbest webinar softwarebeginning.

But what if you want to make money teaching online without having to do it all yourself?

I would giveShare skillsA look. It is an online learning platform where you can apply as a teacher.

7 – Become an accountant

Do you have a feeling for numbers? So accounting is the way to turn 10,000 into 100,000!

There are more than 33 million small businesses⁴in the US Do you think all those business owners like to keep their own books? Of course not!

And for you that means one thing: opportunities.

The hardest part will be finding customers. You need to tap into your network and promote yourself on professional social sites like LinkedIn.

But once your accounting business is up and running, you should have no problem keeping your clients happy, especially if you use top-notch accounting tools (my favorite isFast Books).

Read my review ofbest accounting software for small businessesavailable today.

Frequently asked questions about how to turn 10k into 100k

How do you turn 10k into 100k in a month?

Turning 10,000 into 100,000 in a month is possible, but difficult – and honestly, you have to be lucky. Your best bet is to invest in the stock market. Try itPublicofJerkstart. But if you can, it's better to be a little more patient and give yourself more time to earn 100,000.

How do you change 10,000 to 100,000 in a year?

This is how you turn 10k into 100k:

• Invest in stocks (tryJerkofPublicnot)
• Start blogging (click here to seebest blogging platform)
• Write an email newsletter (here's my recommendation for itbest email marketing software)
• Starting an Online Business (Shopifymake it easy)
• Turn things around
• Create online courses or webinars (viewLearnable)
• Becoming an accountant (getting started withFast Books)

Even if you don't reach 100,000 in a year, you're still on the right track.

How do you change 10,000 to 100,000 in 5 years?

By setting up an online business, you can turn $10,000 into $100,000 while being your own boss. And there are plenty of business ideas to choose from. Possibilities include investments withJerkofPublic, someone writesthe blog, opens an online store withShopifyand become a virtual accountant withFast Books.

How do you quickly turn 10k into 100k?

The fastest way to turn 10k into 100k is probably to invest in the stock market (tryJerkofPublicstart), but it is also risky. If you are willing to be a little more patient, you can start an online storeShopifyor an accounting firmFast Booksand still reach 100k quite quickly.

How do you turn $10,000 into passive income?

The best way to turn $10,000 into passive income is to invest it. But where? The classic choices are mutual funds, index funds and individual stocks. You can also invest your 10,000 in startups or a percentage of a property. Checking outJerkofPublicbeginning.

Is 10K too little to invest?

10k is not too little to invest. In fact, it is a large amount of money to start a diversified investment portfolio. You can invest in shares, bonds and real estate. Yes, even real estate! That's because platforms like itSharesMultiplelets you buy just part of a property for 10k or less. Make sure you check outJerkofPublicto quickly maximize profits.

How can you quickly turn $10,000 into $100,000?

Investing in the stock market can quickly turn $10,000 into $100,000. Try itSharesMultiple,Jerk,ofPublicto get started quickly.

Setting up an online business can be a safer solution in the long run. And if you want to grow your business smartly, you can still reach $100,000 pretty quickly. Checking outbest blogging platform.

How do you make money with €10,000?

There are many ways to make money with $10,000. One option is to invest in shares or real estate (e.gSharesMultiple,Jerk,ofPublic). You could try it tooto sell– buy things cheap and then sell them for more. You can even flip non-physical objects like websites (seeEmpire Flippersfor available listings) and email newsletters (here's my recommendation for thatbest email marketing software).

How to double 10K quickly?

You candouble 10k fastif you master the artto sell– which means you buy things cheap and then sell them for more. Another option is to invest in shares or real estate. Investing requires less work, but is also risky. Get started withSharesMultiple,Jerk,ofPublic.

How do you turn 10K into 20K Reddit?

Someone on Reddit said they had 10k and wanted a "quick boost." One person suggested a cautious approach: put the money in a CD and wait. Another said he should take a course on starting an online business (viewShare skillsbeginning).

Sources:

1 –https//www.federalreserve.gov/publications/files/2021-report-economic-well-being-us-households-202205.pdf

2-https://unsplash.com/photos/XM_2oqcbpIQ

3 –https://unsplash.com/photos/TLiWhlDEJwA

4 –https//www.uchamber.com/small-business/state-of-small-business-now

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