One of my favorite pastimes is investing my money. I do plenty of stock market investing in speculative companies. I like putting money into different types of cryptocurrencies. Whenever I hear about an investment idea that I think is a good idea, I put a small amount of money into it. Sometimes I hear about an interesting side hustle and throw a little bit of money and time at it.
I like to make an investment every month, but you can choose any time frame you’re comfortable with. You don’t even have to bet $100. We are all at different places in our financial journeys. You might decide to make $10 bets, or $25 bets, $1,000 bets, or $19,000 bets. The point is to choose an amount of money that won’t be painful if you lose it all, and to invest regularly.
90% of all startups fail. But if you happen to be invested in one of the 10% that succeed, you would be richly rewarded. In other words, if you invest $100 into each of 10 startups (total $1,000 investment), 9 of those startups will probably go to zero. But the one that succeeds will give you some multiple (like 10x, 100x, or 1000x) that will make it all worth it.
That’s the idea behind $100 bets. If you bet on enough companies, eventually you will bet on the next Wal-Mart or Microsoft or Amazon. The same is true for ideas—bet on enough of them and eventually you will bet on the next light bulb or iPhone or trendy chicken sandwich. In fact, you can apply this idea to almost anything. Write fifty books, and you will probably have a bestseller. Make a hundred YouTube videos, and one will probably go viral. Start ten side-hustles, and one will probably allow you to quit your job.
Quality is good, but most people use it as an excuse to procrastinate and create less. But if you focus on quantity, you will eventually get really good at what you’re doing, and you get more chances to succeed.
Caveat: It’s easy to fall into the trap of making “investments” in things like buying Fiverr gigs, acquiring a new smartphone, or betting on Dogecoin. But remember, these are investments and you need to have a reasonable expectation that the money will double, triple, or more.
Some examples of things I’ve “bet” on or am seriously considering betting on:
- Financial newsletters and the recommendations associated with them.
- Bitcoin.
- Individual stocks in companies.
- Non-Fungible Token artwork on OpenSea.
- A dropshipping business.
- Commissioning books to sell on Amazon.
- Baseball cards on the Collectable app.
- Security tokens on Tzero.
- Gold and silver bars.
- Getting products manufactured to sell on Amazon.
- Buying and selling specialty books on eBay.
- Real estate investing through Fundrise.
- …and many more!
As you can see, there are a wide range of small investments you can make. Let me reiterate the main concept: Every month, invest a certain amount of money in something you believe will grow your money.
Make enough investments, and eventually something is going to take off.
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