The process of building wealth takes serious time, commitment, and patience. If you are in a place where you want to start investing but don’t know where to look, investing seems like a daunting task. You can actually get started fairly easily though with just $100. Here are some ways you can start your investing journey.

Roth IRA

A Roth IRA is a type of retirement savings account you can open on top of your more typical retirement plans such as a 401k. What is unique about a Roth IRA is if you wait until after 59 to access it, your money is eligible to be received tax-free. This makes it an ideal asset that you should start working on early in life if possible, even with just $100.

High-Yield Savings Account

Although possibly the least exciting option on the list, opening a new savings account should always be an option. Letting your money sit around in a checking account earns you nothing, while a savings account will at least pay you out some interest. This is also a good opportunity to set up an emergency fund in which maybe $100 can actually go a long way towards.

Fractional Shares

An obvious choice on this would be the stock market, however, it is worth noting that many shares cost far more than just $100, limiting your abilities on the market. Luckily, many apps such as Public or Robinhood now allow users to invest in just parts of a share. You can also use this opportunity to build somewhat of a diversified stock portfolio to build on later on, as you can split this $100 into several different stocks.

Cryptocurrency

Crypto may be the highest risk option on this list, but it is also the option that has the highest potential to give you some serious earnings with just $100. For example, if you had invested $100 in Dogecoin a year ago, that $100 would have been worth $20k by May of 2021. This level of volatility of course means there would also be a large chance you would lose your $100. However, you can actually make safer investments in crypto with more proven assets such as Bitcoin or Ethereum. Just make sure to do some research on different cryptos before stepping in.

Index Fund

Index Funds are useful because they give the shareholders a chance to invest in a particular sector of the market and not just individual stocks. This gives you a great chance to see your money increase over time, as it mirrors entire markets which over the course of the last 100 years, have gone up annually. You will need more than $100 to make significant money through investment, but it is still a great place to get started with one of the best long-term investments you can possibly make.