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10 Surprisingly Simple and Delightful Ways to Invest $1,000

money moves May 01, 2021

In the grand scheme of things, $1,000 is not a serious amount of money, but it can be quickly turned into a fantastic investment. It would be easy to spend that money on things you don’t really need, but why do that when you can invest it and make a positive impact?

 

Here are some great ways in which you could invest your $1,000:

 

 

#1 Visit the Doctor

If it has been years since you have been in for a physical, now may be the time to do it. It’s not the most exciting way to spend $1,000, but it’s an investment that could potentially save you a small fortune in the future. Prevention is very often the best medicine. There is much money to be protected by staying on top of your health.

 

 

#2 Go on an Adventure 

Is there a destination or experience that is on your bucket list that you have yet to check off? Taking some time to have fun can pay off in all manner of different ways, so take that trip or embark on that crazy adventure.

 

 

#3 Give a Micro-Loan 

If $1,000 seems like a small amount of money to you, why not loan that amount to someone who really needs it? There are several trusted loan sites online where you can help someone in need. You get to support a worthy cause, plus you make a little money back on the return. This is one investment where you get the joy of helping someone in need.

 

 

#4 Boost Your Career 

You are never too old to learn something new, so if that means spending a little money to go back to school to help with career advancement, then it’s an investment worth making.

 

 

#5 Think About a Low-Risk Mutual Fund 

If you like the idea of investing but are averse to risk, a mutual fund is a way to go. Generally speaking, the companies chosen for these funds are those that have been the least volatile over a 12-month period. It’s always a good idea to have a balanced portfolio, so if yours is loaded with risk, balance things out and reap the dividends with a low-risk mutual fund.

 

 

#6 Hit the Gym 

Do you gasp for breath at the mere thought of exercise? If that’s the case, then it might be time to invest in a gym membership or some exercise equipment for the house. You never feel better than you do when you are in shape. Not only can you potentially live longer when you are healthy, but you also can likely cut down on future medical bills.

 

 

#7 Upgrade Your Home 

There are many ways in which you can weatherproof your home. The money you invest today will be paid back in future reduced energy bills.

 

#8 Become a Patron of the Arts 

Besides helping your local museum or theater thrive, you can also make fantastic connections by funding the local arts scene. You might be surprised to see just how many successful business types attend fundraisers for the arts. It provides an excellent chance to network in ways that help your career.

 

 

#9 Get Social 

Setting aside some money to go out and have fun with a loved one is always a wise investment. Commit to a date night once per month. Even if you don’t have a partner or spouse, getting out and having some fun is great for your emotional health.

 

 

#10 Upgrade Your Computer 

If you have an old PC or laptop that’s on its last legs, invest in a newer model that does all you need quickly. Every day you work with an outdated computer is another day closer to losing all your important data when it dies. Back-up to the cloud and load it onto your new computer.

 

The above ideas are just a few of how you can invest $1,000. There are countless more, so think about creating a personal list of ideas.

Lorene Collier (@SavvyChicksRule), Personal Finance Speaker passionately helps women turn their Pocketbook Pain into Pocketbook Prosperity. She’s the author of Get Rich Savvy Chick (available on Amazon) and proud founder of Savvy Chicks Rule. Connect for more strategic tips on managing your cash flow.

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