How to Triple $500 Dollars: 10 Realistic Strategies -

You’re right on this page because you’re looking for some of the best ways to triple $500 dollars.

Right?

I’ve got you covered with this blog post. What you get right on this page works. They’re realistic methods to make more money with the money you already have. Tripling $500 dollars means you want to keep $1,500 bucks.

The good news is you can more than triple $500 bucks with these hacks.

And here they are.

How to Triple $500 Dollars: 10 Realistic Strategies

Trade Binary Options

The first choice for me if you want to triple $500 fast is to trade binary options. It’s a more risky financial market, but it’s profitable. You’re going to lose money if you know nothing about it. You should.

You have to know something about it at this point. You have to know something about the financial markets. While binary options is banned in some countries because of the high loss rate and other factors, it’s one way to make money quickly.

I’d trade it one-off, but there are other more organized financial markets I’ll spill about down on this post that you can trade or invest in to triple your money.

Crypto Trading

After being locked in to learn and trade crypto for 6 months, I realized how QUICKLY it is to make money from it by trading. Call it gambling or prediction, crypto trading is a way on how to triple $500 dollars.

If you have $500 right now but you know nothing about trading crypto, then you can ask a friend who’s good at trading it. Or, alternatively, you can take out some time to learn about it – which can take from weeks to months.

Once you’re good at crypto trading, then you can pretty much make 10× whatever you’ve got to start trading with. Crypto trading is a way to make quick money. A lot of money. But the capital size you start trading with also counts, and it contributes to how much money you can take away from the market.

Stock Trading

Stock trading is one way to triple $500 dollars.

You don’t invest, you trade it.

And one of the ways to make a lot of money from trading the stock market is to learn exactly how to trade it. If you’re not good at stock trading, there are courses and resources on the internet for you to learn from.

Plus, you’ll need to invest some time everyday to either learn to trade or practice what you’ve learnt on a paper trading account or a demo account. Again, this $500 dollars you want to triple has to be the money you’re willing to give up.

Be willing to lose it because you’ll lose it faster if you have the fear of losing it while you trade the stock market (with your hopes high on the roof to triple it).

Invest in Shit Coins

Shit coins aren’t coins coated in sh*t. Far from that. They’re crypto coins or assets that are worth very little. This means you can buy them for less than $1 dollar. Some of them sell for pennies per unit. And with $500 dollars, you can get millions of units.

The thing is, there are several shit coins, almost countless, and not all of them will boom in price. Some will get delisted and others will become a total loss.

However, you want to invest in the best shit coins – the ones with a higher propensity to appreciate. You can do this by Googling the best shit coins to invest in and draw a list of them from multiple sources. Then you can invest in the shit coins that appear on multiple resources.

Invest in Penny Stocks

It’s going to take a long time to get your profits.

It may not.

But 98.88% of the time, it will.

Investing in penny stocks with $500 dollars, things could do both ways but at the end of the day, there’s a possibility for you to make more than thrice your initial $500 investment.

Penny stocks are low price stocks. Call them the shit coins of the stock market. You can buy them cheap because, well, they belong to startups (with the potential to appreciate in the future).

Regardless, you’d need to know the best penny stocks to invest in so that you don’t end up with a negative on your investment. A little Googling about penny stocks and their use case will help here.

Forex Trading

As I write this, I’m learning all I can about the Forex market day and night. I’ve got a fat note for that and so far, I’ve recorded some success.

Yes, I barely step out of my room nowadays. I’m locked in – writing here and learning about cra*y trading strategies that look good on a demo until you decide to trade live.

Kidding.

However, trading forex is a way to make more money.

If you’ve got $500 dollars, you can triple it and make it $1,500 dollars, but you’ll need to stay focused on the market – learn all you can and make use of strategies that work. In the process of learning, you’d know about other things other than the market itself that can negatively impact your trading success.

Do AdSense Arbitrage

AdSense arbitrage is one business model on the internet that a lot of people aren’t teaching and talking about. This is probably because it’s an underrated but realistic method to make money (and make it quick). You’ll need a blog to get started.

While you will not be blogging for a long time, you’ll need to create some quality pieces of content on the blog. Adsense arbitrage is all about milking the ad network owned by Google – AdSense.

However, you’ll be doing it the right way by creating valuable content in a profitable blogging niche, ranking on Google as time wallows, and most essentially, buying web traffic from social media (particularly Facebook).

If you’re not a lazy writer or researcher, then $500 is more than enough for you to start a blog and launch your first arbitrage advert campaign on social media.

Oh! It’s not as simple as that. You could do this and make less money too with Adsense arbitrage. Figure out a strategy that works before diving in.

Options Trading

Trading options is my gig. It’s what I plan to do later. I plan to trade every financial market later though (from Forex to binary options – which is not a good trading goal).

But then, it’s one of the ways to triple $500 dollars with ease while you sip your coffee. However, this version of you will not be able to do that. The version of you that’ll be able to triple $500 by trading the options market is the pro-trader version who’s studied the market movement, understands technical analysis, trading concepts and is able to control every stream of emotion.

Plus, if you’re willing to triple your money by trading the options market, then it has to be the money you’re willing to let go. And this is because there’s a high possibility for loss in the options market.

Affiliate Products Promotion

This is getting into affiliate marketing without a website – you’ll need to spend your $500 bucks to promote affiliate products. For sure, affiliate marketing is a way to triple $500 dollars and even make more than the triple outcome (of $1,500 bucks).

But then, you’d need a website or some high traffic platform online for you to do affiliate marketing the right way. You’ll also need these platforms for affiliate programs to accept your application to join them.

Moving on, the only way to do this without a website or an already established platform of your own is to go social. Since you almost stand no chance to get accepted into some mega affiliate programs, you can start out with Amazon by joining the associates program here.

Afterwards, find products that people buy a lot or products that are high in demand, promote those products on Facebook and Tiktok using your affiliate link.

There are strategies to promote stuff on these social media networks. So, you want to learn to structure your promotion campaigns on Facebook or TikTok before moving on.

Flip Items Online

Flipping items online is certainly one of the realistic methods to triple $500 dollars. The entire concept of flipping items online is to buy cheap and sell high.

So, you can find products cheap and then sell them for more than 3 times their initial cost. You do this by visiting (and buying good items from) thrift stores, flea markets and garage sales. You can also go dumpster diving to find valuable items for free that you can sell for some couple ten dollars.

That’d be 100% profit. So, if you’ve got $500 bucks right now, you should really do some research about flipping stuff online before starting out. And if you do it right, you’ll be able to more than triple your $500 bucks.

How to Triple $500 Dollars: 10 Realistic Strategies – Summary

In a nutshell, some of the best ways to triple $500 dollars or to turn $500 dollars into $1,500 bucks include binary options trading, crypto trading, stock trading, investing in shit coins, investing in penny stocks, forex trading, AdSense arbitrage, options trading, flipping items online and promoting affiliate products.

For most of these methods, you’ve got to be willing to take risks like never before and be willing to learn alongside.