If you want to turn $20,000 into $100,000 dollars, then you’re on the right page. The absolute right page. And this is because you’ll get exposed to some of the realistic ways to make this happen. No bluff, no BS. Turning $20k into $100k will naturally take time even if you’re investing into a business.
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It takes time to grow money. And on this page, you’ll get to know some real ways this can happen in the space of one month, one year, a couple of years, and even in weeks. The quicker, the riskier steps you might have to take. Moving on, here are 10 ways to turn $20,000 into $100,000 dollars.
How to Turn $20,000 into $100,000 Dollars: 10 Actionable Strategies.
1. Trade crypto.
Trading crypto is a sure way on how to turn $20,000 into $100,000 dollars. But then, there’s a catch. If you want to make this happen, you can either choose to learn crypto trading for yourself or hire a skilled crypto trader to help you with this. However, you’re hiring someone who’s got the appropriate trading skills, and not a crypto trader deficient in multiple critical areas of trading the crypto market.
The best option is for you to invest in yourself by learning to trade. It’s profitable. And there’s basically no amount of money you can’t double with this knowledge in your arsenal.
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2. Trade binary options.
Binary options is similar to crypto trading and I’ve talked or written about this more than I can count. I’ll keep recommending it as one of the fastest ways to make money in the real world (online) because it works. Now, if you want to turn $20k into $100k, it can happen if you learn enough about trading the markets.
Disclaimer: I strongly suggest that you learn to trade first before diving deep to open a live account on any binary options broker. For the record, the trading of this financial instrument is banned in some countries and here’s why; it’s risky and a lot of people go broke with it. It’s also addictive because you’ll want to keep making more money (even when you’re clearly losing).
With all said, be good at trading options. And you’ll live to make as much money as you want from the market. It’s a different kind of financial instrument you’d be trading, so there’s every need to gain mastery first.
3. Trade the stock market.
Just like crypto and binary options, stock trading is also one way to turn $20k dollars into $100k in the long or short term depending on how fast you want to make this happen. It’s more popular than crypto and binary, and it’s also more realistic; less volatile.
While binary options and crypto deal with the value of virtual instruments or assets, stocks represent the value of real-world companies like Netflix, Amazon, eBay, Apples, and others. So, if you’ve got an idea in the crypto or binary options sphere, trading stocks to make more money would be fairly easy.
4. Invest long-term in online markets.
And if you don’t want to trade, you can just invest and leave your money to grow. This will take more time versus trading to actively grow your funds. In this case, it’s pure passive income as you do nothing to make the funds grow. Conversely, things could get uglier. There’s a possibility for your capital to depreciate or just get liquidated. However, if you want to make $100k with a $20k invest, you can invest in the following markets:
- The stock market
- The real estate market
There’s more. But you’d realize more profit if things play out your way witn the first 3 markets on the list. However, before investing, it makes sense to initiate a critical market research just to know best what assets to acquire.
5. Start a physical business.
Another way to turn $20,000 into $100k dollars is to start a physical business. With your $20,000 dollars, there is a long list of physical businesses that you can start up. They’re profitable and sustainable if you’ve got the right team. Plus, they’re also very scalable. You can start up a physical business like a mini restaurant like Petit Trois in Los Angeles or Momofuku Ko in New York.
Other than a restaurant, you can start up a laundromat, a barbershop (if you’ve got the experience), a grocery store that’ll fit in for a $20k or $15k budget, or a clothing store. Whatever business you decide to start, it’ll take some time, maybe years, to hit $100k in not just gross revenue, but gross profit. Scaling up your physical business could make things happen faster.
6. Create and scale an outstanding product.
This product can be a tool, a web tool or a software, a course, an ebook, a game or something pretty relevant to a niche or the general market. With a general niche product, you’d make more money based on the quantity of sales you’d process. Meanwhile, you could catch bigger fishes with a niche-oriented product.
However, turning $20k into $100k is possible with a great product. Whatever it’s going to be, there’s a great need to scale the product by employing every effective digital marketing technique onboard.
7. Invest in real estate.
Real estate is the real deal. And if you want to turn $20,000 into $100,000 US dollars, there’s a couple of things you can do in the real estate industry to make this a reality. For example, you can flip houses and grow your portfolio into hundreds of thousands of dollars within a year. Starting with a property of $15k to $18k, you can flip to get a couple thousand dollars in profit, and keep doing so over the long run to get house flipping deals for buildings worth $100k+. Another way to go around this is to promote your services as a real estate agency heavily into buying and selling or properties.
By playing the role of a house flipping broker, you can make gains of $1k to $100k+ depending on the property you’re dealing with. But then, you’d spend a significant part of your $20k to promote your services. As a broker.
8. Scale a content business online.
There are different online content businesses that you can launch with $20k. For example, you can start a content business like Buzzfeed or Howstuffworks, or a news agency. You can also start a review site for different products, people, and companies (or startups). There’s a long list of online content businesses that you can start in a bid to turn $20,000 into $100,000. It’ll take time and enough planning to make the most off any business online. And patience is a key ingredient too.
9. Venture into event planning.
If you’re good at planning events, then this is probably where you need to gain a foothold. You can turn $20,000 into $100,000 dollars by promoting your services as an event planner. Going further, you can also start up an event planning agency, acquire the required business documentation to prove your competence, acquire some event planning materials, and build your portfolio. With time, you’ll start getting event planning gigs worth several ten thousands, and eventually hundred thousands of dollars.
So, if you’ve got a knack for hosting parties, events, and more, you can major on this to make more money, up to 5 times whatever you’d be spending (at the start). Securing a successful events planning career beckons on your ability to meet prospective clients and build your portfolio.
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10. Acquire rentable assets.
Acquiring rental equipment comes off as one of the realistic ways to turn $20,000 into $100,000 in the real world. Rentable assets are the kind of assets that people come to hire and then return them after they’re done using them. These assets include items like:
- Hiking equipment
- Camping equipment
- Construction equipment
- Party equipment
- Winter sports equipment
- Baby toys
- Wedding dresses
- Water sports equipment
There’s more of them. So, with $20,000 dollars, you can acquire some of these items and start a rental business. While you’re not going to make $100,000 dollars overnight or in the next month, you’d be able to make more money in the long run. Plus, it’s going to be passive income all the way for you as people hire them and return for more clients to hire. After launching a business like this one, you’d want to invest a little amount of money to promote your services online (by running digital ad campaigns locally), and offline too.
If you’re able to generate a sum total of $7,000 dollars a month from leasing these items out regularly, you’d be at $100k+ in gross revenue after the 15th month in business. And for sure, there’ll be spiky months.
How to Turn $20,000 into $100,000 Dollars: 10 Actionable Strategies – Final Words.
So, in the real world, you can turn $20,000 into $100,000 dollars by acquiring leasable assets, event planning, crypto trading, binary options trading, stock market trading, online markets investment, launching a physical business, creating and selling a very critical and relevant product, real estate investment, and also by developing an online content business.
These are all realistic ways to make this happen; to turn $20,000 dollars into $100k (and even more money). If you’re willing to shoulder some risks, then consider trading and investing in the stock and crypto markets.
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