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How can you use a $100 to increase your wealth?

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What are the various ways to use $100 for increasing your wealth?




I could use the $100 to buy curtains to reduce my air conditioning bills this summer. I live in the desert and it gets very hot in the summer. My monthly electric bill is well over $500 even with low income energy incentives. If I could buy blackout curtains for the windows I would be able to reduce my air conditioning costs.

Sub: #1 posted on Mon, 04/02/2012 - 09:56

kstedman kstedman

(Posts: 19 | Credits: )

Investing in stocks would post some profit somewhere. But sometimes that might take a few months to realize it. That is considered an increase in wealth. Since most people on this website are probably stressed and frazzled, a visit to the spa. Relaxation. Banking on your good senses is always a plus.

Sub: #2 posted on Tue, 04/03/2012 - 20:28

weneeke weneeke

(Posts: 6 | Credits: )

There are many different ways that this can be accomplished. One of the most effective ways to use $100 to increase your wealth would be to put it in a high interest bearing account such as an ING Orange savings account. This is a safe and easy way to take $100 and gradually over time grow that into a much larger amount of money.

Sub: #3 posted on Thu, 04/05/2012 - 20:22

MoneyHunny6 MoneyHunny6

(Posts: 14 | Credits: )

If you want to increase your wealth, whatever wealth is to you, you can either invest in your self or invest in the life of another. The greatest treasures will come not from this world, but even the treasures of this world are easier to steward and grow if 'you' first grow.

First practice believing in your self and your dreams. I mean literally practice. Put together a list of the things that most important to you. Include things you can do, can be, are, are doing, and have done. Include things that impact your family, your future, your career, the enjoyment of your life, faith, friends and ways you have intentionally sought to impact the lives of people you will never meet. Be simple and real. Try to focus on what you can be and can do, and aim for truths you know you struggle with.

If you are struggling with debt and feel bad about getting so far beyond what you can afford, remind yourself of your value. The job of a debt collector is to collect debt, not to convince you to live in suffocating shame. You may start with something as simple as "I am a valuable person" and if that is too simple, good. Let your mind fill in all the blanks as to how that is true and in what way IE: to family, to friends, to colleagues and if you are a person of faith, you can remind yourself of your value by the unconditional love of your creator. Do not ever let anyone take your value away, it is yours. Spend $2 to print out a copy, and read the list to yourself in front of a mirror every day, the earlier in your day the better. If you are not doing this on the positive side, you will catch yourself doing it automatically on the negative side. All you are doing is taking control and making the decision to beleive in the truths that will free you.

If you do not have a career, you know where to spend the rest of the money. If you already have a career, start budgeting. Invest in software that works for you, or just print out a blank spending plan. Track your spending habits, then decide what you would like to trim and what you would like to set for yourself as a goal. Overtime you can shape this into what you want it to be, don't jump into icy water, warm it up first. The single most important point of budgeting is to learn self discipline. Learn the power of saving a few dollars on a small item you usually buy without thinking, and saving that over several months. When you learn self discipline, you will have more freedom to invest in yourself, develop new job skills, or save up for a college education. You also may see your wealth start to ++ and begin to have the odd feeling of 'not' worrying about mystery numbers in your checking account when making a purchase.

Two great organizations you may want to check out for resources are Crown "Crown.org" and You Need a Budget "YNAB.org" Crown has resources on their website you can print out and use for budgeting. There is no cost to print them. They also have some basic calculators and other things useful to setting and working towards goals. YNAB on the other hand advertises free live classes right on their home page.

If you are entrepreneurial, the fun starts when you get a small cash flow set aside in your personal budget to start investing. Save up to develop a prototype of that gizmo in your idea box collecting dust somewhere. If you are more conventional you may still be interested in some more hands on investing. Put aside an amount each month and take an expert out to dinner. If you are already in a successful career, it may not be as hard as you think to save up for a small 4 family rental unit, or self storage unit. There is of course the guaranteed high interest investments such as paying off your credit card or accelerating your home mortgage. A cash only financial model may grow slower but it is strong and works harder for you.

To recap, the best way to grow financially is to grow personally. If you land the fundamentals and learn the habits of success, you are only a few actions away from financial fitness. Every success you work for and attain will become an inspiration to those closest to you and will play a part in their success.

Sub: #4 posted on Sat, 04/07/2012 - 14:05

Peteran11 Peteran11

(Posts: 1 | Credits: )

Take that $100 to pay down you debt one bill at a time. Apply the $100 to a small bill to eliminate that bill and continue doing that with the small bills. Eventually you have eliminated your smaller bills. The money that you have used towards the smaller bills split to apply additional funds to other bills to lower them and eventually eliminating them. At this point you can take the combined amounts that you would normally be paying monthly on the smaller bill that you have eliminated and open a high interest account and don't touch it.

Sub: #5 posted on Fri, 04/20/2012 - 14:40

inychiad inychiad

(Posts: 1 | Credits: )

At this point if I had $100, I would use it to pay down some of my debt. My ideal thing to do with $100 would be to open a high-yield CD with a 6-month term and continue to roll that account over and hopefully be able to add to it each term. The other option would be to open my retirement account and invest that money towards my future.

Sub: #6 posted on Fri, 04/20/2012 - 20:57

melheather melheather

(Posts: 5 | Credits: )

I have various investments online that are begging for more money. These range from product marketing, affiliate marketing,MLM to HYIP, I just need to invest my $100 in these programs.
But I wont put all my eggs in one basket, I'll spread the $100 through all the programs and this way it will multiply and so my wealth. I know there are still many other ways one can use $100 to multiply one's wealth. These are my own ways of multiplying $100.
Thank you.

Sub: #7 posted on Sat, 04/21/2012 - 15:28

sleyman03 sleyman03

(Posts: 1 | Credits: )

Most people would say invest in the stock market or put it in the bank that all would work but what if u need money fast then you would have to think quicker so maybe you buy a lawnmower and start mowing yards it all jus depends on your situation but whatever you do with the hundred bucks just gota keep it making money one way or another

Sub: #8 posted on Mon, 04/23/2012 - 03:49

Dholder63 Dholder63

(Posts: 1 | Credits: )

i would use the $100 to make an additional payment, on time, to a high interest credit card account; this would ease my mind a little and give me a little peace. with that little comfort, i could concentrate my time on other burdens, financial and physical. in which it will create a snowball affect, not only will i be wealthier but healthier also. thank you for this opportunity.

Sub: #9 posted on Tue, 04/24/2012 - 16:30

amtmcml amtmcml

(Posts: 1 | Credits: )


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