How to Invest Under $50

Hey guys! A lot of the money I make and save from what I suggest here piles up, and why not invest it? Here’s what I do:

Peer to Peer Lending

Peer to peer lending is a great way to put 30 to 50 dollars to work in order to grow it for future investment. Basically,  a website matches borrowers up with potential lenders who get to pick the loans they make based on riskiness and interest rate. By spreading your investment among a bunch of loans, you can avoid a bad customer ruining you, too.

There are a bunch of ways to do this, often through a bank account using Lending Club or Lending Tree. Personally, my favourite is BTCPOP because you don’t need a bank! No banks for loans, no banks for investments, its a great combo.

Buy a Phone Farm

Okay, I know what you’re thinking: can I even get a single phone for under 50$? And how is that an investment? Well it turns out you can buy a bunch of phones for as little as 10$ at Walmart or online. LG Whirls and Motions seem to go for this cheap, and I bet you could find used iPhones for 30 to 40$. Once you buy a few, trying installing the apps I listed here and running a video app like Perk or EarnHoney. When I tried it I managed to pay off my 15$ phone in less than a month, so give it a Whirl (pun ENTIRELY intended).

Invest in Cryptocurrency

You’ve probably heard me say this before, but the best place to put your money is the actual money of tomorrow, cryptocurrencies. If you have no clue what I’m talking about, check this post here. If you do have a clue, you’ll be happy to know you can buy cryptocurrencies with as little as 1 cent. I got my start by visiting websites called faucets that give out small cryptocurrencies for free, but those seem to be dead by now. You can buy cryptocurrencies with Paypal at WeSellCrypto, a huge favourite of mine in the crypto world. They currently sell Bitcoin, Dogecoin, Dash, and Litecoin, all coins that I hope to do a full post on soon.

Cut Your Costs

This might be the best long term investment on this list. Even just ten dollars could go a long way to saving you money. Buy some LED lights that are more energy efficient. Get a shower timer to save water costs. Get some needed car repair to improve mileage. Get reusable shopping bags and save the 5-cent-per-bag rebate. Every dollar counts here at stevesincomestreams, so why not spend a few to save some more?

Alrighty folks, I hope you enjoyed this post and get those extra dollars to work. Until next time, keep on earning!

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2 thoughts on “How to Invest Under $50”

  1. Greg from WeSellCrypto here – thanks for letting me know about your blog and referral to our site. The referral is much appreciated and I’ve enjoyed browsing your posts!

    Like

  2. Thanks for the great post. I actually had never thought of buying a few cheap phones and running apps on them to make money – that’s a brilliant idea! Thanks for sharing and keep up the blogging. 🙂

    Like

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