I have over $1,000 in the bank. How can I invest it wisely?

 

1) You can pick an online trading platform. Make sure you pick the right one. Do some research first.

2) Do some peer-to-peer lending. This is when you lend to someone you know and make some interest off of it. Do this only with someone you trust.

3) Hire one of these robo-advisors. They can help you manage your money.

4) Invest in your kid’s college education. This will definitely pay dividends for years to come. You will be earning interest on it as you do it.

5) Pay down your debt as soon as you can. Holding onto a debt is not as profitable as you think. It is not as profitable as an investment will be. Pay down your debt and start over with some simple investments.