Making $ 100,000- $ 10,000 a year is not an easy task for most people, but with the right strategies and calculated risk techniques, you can make less than $ 100,000- $ 10,000 a year.
Before starting this article, familiarize yourself with all the aspects you want to learn here today and always pay attention before investing / spending your hard earned money.
I’m not a financial adviser, so it’s a good idea to think carefully before taking any financial measures.
Don’t worry anymore, take a look at proven ways (not in order) to turn 10k into 100k a year.
Table of Contents
Stock market trading
Trading involves a high level of risk, but when executed correctly, it can be highly profitable. To change $ 10,000 to $ 100,000 in a transaction, you need to master the basic skills needed to change the probability to your advantage.
The basic idea of trading is to buy cheap and sell expensive. Learn more about the process of opening a transaction here.
Below are plans to show you how to make a monthly profit of 10% to 20% on a trading day.
When doing math
A daily trade of $ 10,000 earns $ 2,000 in the first month with a 20% return.
If you add the profit and the investment amount, it will be $ 12,000 at the end of the first month.
Trade $ 12,000 now and make $ 2,400.
Rinse and repeat for 13 months for about $ 106,993. Banzai!
We now know that many factors can affect the outcome and it is almost impossible to get a full 20% profit each time. But with the right knowledge and practice, you can easily win like this.
Investing in the stock market
Investing in the stock market can be a real deal if you know what you are doing. Warren Buffett simply invested in the stock market and accumulated wealth.
Choose the right stock, buy it at the right price, and as of April 2021, the stock is worth $ 100.6 billion.
Below is an example of how Tesla Leon Musk works. Let’s see how to convert $ 10,000 to $ 100,000 within a year.
The basic idea is to carefully select two or three well-thought-out stocks and invest $ 10,000 in three equal parts.
Let’s take a look at the strategy in progress. To illustrate my strategy, I’ve taken only one company as an example, but you should always try to diversify.
Invest in crypto currencies
The investment is the same in all markets. We have already learned how to invest in the stock market. Now let’s look at the power to invest in digital currencies.
Now block chain technology, crypto currencies, bit coins, etc. The explanation is not boring. See this article for the basics. Check this term on Google for more information.
Create a direct delivery store
Drop shipping is an e-commerce business model in which stores real online earning site an order directly with a customer from an external vendor without storing inventory. Learn more about drop shipping.
The plan is to find the winning product, create a single product store on Shopify, and spend $ 10,000 to promote your product (Facebook ad priority).
I know I’m in a hurry to skip this step, but I’ve learned too much about it, so I need another blog post to elaborate on drop shipping.
Read More: Bottled And Jarred Packaged Goods
