The first 5 ways to earn an income with an investment 

By investing $ 500, you can start an online business, invest in real estate, or earn profits from the most productive ETFs and partnerships.

People who talk at work.

One of the biggest things I am working on this year when it comes to personal finance, is finding a lot of ways to make money. Over the years, I have started to do this in a number of different ways, from switching my money to a high yield savings account in providing digital services for my revenue-generating business without having to do much work.

Finding new ways to make money is not a way for my finances to change and grow, although some of the new ways I have explored require me to invest a lot of money (for example, buying an apartment to rent and collect monthly income). That’s why I was wondering what other things I could do that didn’t require me to lose a lot of money in the first place.

Here are five tips, from financial planners and advisers, on how to start making a profit by investing just $ 500 or less.

1. Reimbursement for real estate

I've always wanted to get into real estate as a way to make money, but I avoided it when I saw how much it would cost to buy and rent.

Financial planner Cynthia Meyer says there are real estate investment sites, such as Fundrise, that offer options where people can start investing for just $ 500 to participate in real estate investments.

“Keep in mind that any real home investment is nothing, so it’s best for long-term investors,” Meyer said.

2. Peer lending

Another thing I never thought to do with my money was to generate income from peer lending. Meyer says peer lending is another possible way to create a steady stream of revenue through small investments in the past.

“Borrow your money from someone else for a peer, and then you will get interest on the loan. Lending in private can be dangerous, and credit opportunities are divided by borrowing, ”said Meyer. Other peer-to-peer lending options include LendingClub, Prosper, and Upstart.

3. Start the sound on the side

If you've ever wanted to start your own business in the hope of making a living, financial planner Tania P. Brown says that you can start with just $ 500.

Start an online business, like a blog - all it takes to host a website, says Brown. After that, add affiliate marketing and you’re on your way to revenue. “Website hosting can start at about $ 2.88 per month, and if you are good enough technology you can build a website for free or buy a website template (many are under $ 100). If you are willing to put in a lot of effort to learn as you go, you can reduce costs. If you decide you want to sell your information, websites like Thinkific and Teachable offer free options. ”

4. Invest

If you are willing to take risks or perhaps wait a while before reaching full income, your financial adviser Justin Yoo recommends that you invest in two different ways.

"If you don't need the money in the short term, you should consider investing in high-quality stocks," he said. “$ 500 may seem like a lot, but with the power of compound interest, it can go a long way in a span of 10 to 15 years. It's important to start somewhere and start a new life. ”

Next, Yoo recommends putting that money in the retirement IRA.

“Retirement accounts offer a lot of tax benefits to those who are willing to split their finances until they reach the age of 59.5, but there are restrictions on sales,” Yoo said.

5. Most productive ETFs or combined funds

One of the first ways I made money was with a high-yield savings account, but I never looked at other high-yielding accounts. Financial planner Alex Caswell recommends that I do just that