There are some many things you can invest in with $8000 or any amount of money. But keep in mind that you don’t have to invest in anything, you have have something to pay off, school debt, credit card or a car note, I would first try my best to pay those off. With some bills paid off, you will have more money at the end so you can start to invest and save money. Also save money, some people say don’t save money but I think you should. Life happens and you may needs some money just in case you need to buy something or something breaks down that needs to be fixed. So lets talk about the very best way to invest $8000 but please note these are the ways I would invest that kind of money so please do your own research before investing in anything or buying anything.
The Stock Market:
Investing the stock market is a long term play. when investing in the stock market, you need to know how you want to make money. Are you going to invest for dividends? Do you want to buy at a low price, hold it for a while then sell it at a high price? Do you want to be a day trader? There are a lot of ways to invest in the stock market, you just have to pick one. I pick to invest in dividends. The reason why I pick dividends because I wanted passive income coming in every month. I think everyone needs a second stream of income and dividends is the way to go. Dividends is my second stream of income. Do your own research any buying stocks. I would invest $3000 dollars into the stock if I had $ 8000 to spend and I would buy stocks over time. That’s what I would do, you do what you want to do, this is what I would do. I use robinhood to buy stocks and you can click here to sign up with robinhood: The stock market goes up and down with your money but the key or goal is to not sell but buy more when the prices goes down.
