What investment could i make as a college student with $50-100

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What investment could i make as a college student with $50-100

Andre Watkins
Real Estate Agent · Lansing, MI · Member since 2021 · 6 posts · 1 vote

What Gains appreciation or interest overtime and is an affordable investment??

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Jared HottleBusiness Member
Real Estate Agent · Cedar falls IA Waterloo, IA · Member since 2020 · 902 posts · 549 votes
3y

Get the highest paying job you can get and use your extra money to take classes to make more money. A high wage is going to be your best ROI right now.

[email protected]319-288-5382
Jared Hottle Real Estate59 Reviews
WebsiteView Page
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  • Kevin Sobilo
    Realtor · Hanover Twp, PA · Member since 2018 · 3k+ posts · 3k+ votes
    3y

    @Andre Watkins, I hope its obvious that you aren't getting rich anytime soon making a passive investment of $50-100.

    However, you could use it as startup money for a small side hustle to grow the money you have to invest until it becomes more substantial.

    I'll give you a few ideas mostly to jump start your thinking.

    1) Order pennies from a bank. Sort them out pre-1982 pennies and resell them on ebay. They contain more than 2 cents worth of copper so they can be sold for more than double face value. Return the other pennies to a different bank so you don't get stuck with them again. Then repeat.

    https://www.ebay.com/itm/27554...

    2) Advertise on local social media groups to haul away scrap metal and appliances free. If you line up enough business it would be worthwhile to rent a truck for a weekend to do it if you don't have access to one. Take the scrap to a scrap yard to be paid.

    3) Your profile says you're a real estate agent. You could buy a couple good client leads for that money and hopefully work one of them to close.

    1Reply
  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    3y

    I'd start a side hustle. Find a service that people need. You could also flip items. Outside of that I'd invest in self education so you can further expand your income earning potential

    0Reply
  • Don M.
    Member since 2021 · 135 posts · 203 votes
    3y

    A few good real estate books.

    1Reply
  • Mohammed Rahman
    Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    3y

    Hey @Andre Watkins - you're asking the $1B question! 

    At your stage, I recommend buying a few books about real estate investing and business management. Those will give you a better idea of whether or not you even want to get into active investing in real estate or any other industry. 

    0Reply
  • Jeff Roth
    Real Estate Consultant · Ann Arbor, MI · Member since 2022 · 471 posts · 260 votes
    3y

    Hi Andre-

    Congratulations in showing an interest in real estate investing and I see you are in Lansing, MI (one of my favorite places to invest).

    I am right down the road in Ann Arbor.

    Anyway, if you are interested in getting your feet wet in real estate investing, there are fractional real estate investing options for non-accredited investors.

    I would start your search there and it would give you practice evaluating locations and different real estate opportunities.

    To your success!

    0Reply
  • Andre Watkins
    OP
    Real Estate Agent · Lansing, MI · Member since 2021 · 6 posts · 1 vote
    3y

    @Jeff Roth Thanks Jeff for reaching out, are you referring to wholesaling real estate ?? If so I’ve done some research on this. Great to hear you’re in Ann Arbor! Let’s connect on linked in

    0Reply
  • Andre Watkins
    OP
    Real Estate Agent · Lansing, MI · Member since 2021 · 6 posts · 1 vote
    3y

    @Kevin Sobilo Thanks Kevin! Those are unique suggestions I’ll check those out.

    0Reply
  • Andre Watkins
    OP
    Real Estate Agent · Lansing, MI · Member since 2021 · 6 posts · 1 vote
    3y

    @Mohammed Rahman I’ve started rich dad poor dad by Robert k. I’m sure you’ve probably heard of it. What do you think about the book?

    0Reply
  • Account Closed
    Investor · Denver, CO · Member since 2022 · 184 posts · 78 votes
    3y

    Since it's a small amount of capital I'd take a lot of risk and be in BTC

    0Reply
  • Account Closed
    Investor · Denver, CO · Member since 2022 · 184 posts · 78 votes
    3y

    Or you may as well learn a bit about trading and play some options and try to grow that 

    0Reply
  • Mohammed Rahman
    Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    3y
    Quote from @Andre Watkins:

    @Mohammed Rahman I’ve started rich dad poor dad by Robert k. I’m sure you’ve probably heard of it. What do you think about the book?

     @Andre Watkins - it's a very good first start! I talk about this more on my YT channel as well (you can find the link in my profile, I can't post the link here or else the comment gets flagged lol). 

    One of the most important things to start to figure out as you get more experience and start making real money (usually right after school) is how to work with intention. It's not enough to just work hard and "grind" or "hustle" if you're going to feel like it amounts to nothing. 

    As someone that has burnt out several times in my experience working in corporate and the startup space, it starts with first figuring out what your true goals are in life and what your mission is. This will take a lot of time and shouldn't feel like it's easy, but a good way to get started is to just read more about the things you're passionate about. 

    Reading will help you organize your thoughts and get clarity on what you're wanting. It sounds weird, but you can start by literally reading anything - even if its sports, cars, fashion, etc. You will find yourself going from book to book :)

    Good luck and shoot me a DM if you want to chat more. 

    0Reply
  • Jared HottleBusiness Member
    Real Estate Agent · Cedar falls IA Waterloo, IA · Member since 2020 · 902 posts · 549 votes
    3y

    Get the highest paying job you can get and use your extra money to take classes to make more money. A high wage is going to be your best ROI right now.

    [email protected]319-288-5382
    Jared Hottle Real Estate59 Reviews
    WebsiteView Page
    1Reply
  • Jeff Roth
    Real Estate Consultant · Ann Arbor, MI · Member since 2022 · 471 posts · 260 votes
    3y

    Hi Andre-

    Fractional investing is where you can invest a small amount of money or a large amount passively in a real estate project or a fund of various real estate projects. It is separate from wholesaling. 

    Try fundraise.com to learn more if interested.

    There are various fractional investing services. Another is Here.co for fractional investing in short term rentals if you are interested in that segment.

    Other use blockchain technology to fractionalize the investment.

    To your success!

    0Reply
  • Andre Watkins
    OP
    Real Estate Agent · Lansing, MI · Member since 2021 · 6 posts · 1 vote
    3y
    Quote from @Account Closed:

    Or you may as well learn a bit about trading and play some options and try to grow that 


     I've been looking into options heavily!! Do you have someone you could direct me to that does options trading? more than happy to be a sponge.

    0Reply
  • Andre Watkins
    OP
    Real Estate Agent · Lansing, MI · Member since 2021 · 6 posts · 1 vote
    3y
    Quote from @Jared Hottle:

    Get the highest paying job you can get and use your extra money to take classes to make more money. A high wage is going to be your best ROI right now.


     Thanks!

    0Reply
  • Account Closed
    Investor · Denver, CO · Member since 2022 · 184 posts · 78 votes
    3y
    Quote from @Andre Watkins:
    Quote from @Account Closed:

    Or you may as well learn a bit about trading and play some options and try to grow that 


     I've been looking into options heavily!! Do you have someone you could direct me to that does options trading? more than happy to be a sponge.

    I'd first get fluent with technical analysis and trading psychology. Don't start with options. Open a sim account with a broker and learn how the platform works before you touch options.

    Technical Analysis - Oliver Velez. He's one of the better traders ever and where I learned to trade.
    Psychology - Mark Douglas. Also one of the best traders ever and has two books "The Disciplined Trader" and "Trading in the Zone". I'd read at least the first one so you can understand that trading isn't hard because of the technical analysis but because it requires you to master yourself before you can make anything in the market with consistency.

    It takes time to develop a disciplined psychology that allows for consistency in trading but if you stick with it, profitability will come and your life will get a lot more freedom.

    Good luck


    0Reply
  • Sanat Bhandari
    Investor · Omaha, NE · Member since 2021 · 244 posts · 163 votes
    3y

    @Andre Watkins Nothing will teach you more than starting a business 

    Flip stuff from thrift stores or garage sales (Gary Vee approves), build websites for people, set up security systems for people, etc. The possibilities are endless

    Buying books would be good too but books are meaningless unless you actually apply what you learn (most people don't)

    1Reply
  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    Gas to drive for dollars. 

    0Reply
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