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There are no Podcasts in your queue. Opinions expressed by Entrepreneur contributors are their own. 1000 and it’s scratching an itch in your pocket, consider investing it rather than spending it on something frivolous. The answer to that is a resounding “yes. 1000 might present more challenges, and frankly, more risks.
That is, of course, unless you know what you’re doing. 1000 to put towards an investment. Yet, before you dive in, there are some mindset principles that you need to adhere to. Moving beyond the scarcity mentality is crucial.
Too many of us live our lives with the notion that there’s never enough of things to go around. If you think you can’t get rich or even make a sizable amount of money by investing it into lucrative short-term investment vehicles, then it’s much more of a mindset issue than anything else. Sure, having more money to invest would be ideal. As long as you can identify the right strategy that works for you, all you need to do is scale. It’s similar to building an offer online, identifying the right conversion rate through optimization, then scaling that out. If you know you can invest a dollar and make two dollars, you’ll continue to invest a dollar.
Don’t get so caught up on how you’re going to get wildly rich overnight. But, if you can leverage one of the following methods to make money by investing small, short bursts of capital, then all you have to do is scale. You don’t have to overthink it. 1000 to invest, you can make money a variety of ways. But there are some methods that trump others.