• Skip to main content
  • Skip to primary sidebar

Cade Hildreth

Everything You SHOULD'VE Been Taught in School.

MENUMENU
  • Blog
  • Finance
    • Cryptocurrency
    • Real Estate
    • Gold and Silver
    • Investing
    • Increasing Income
    • Financial Q&A
  • Real Estate
  • Health
    • Fitness
    • Nutrition
    • Confidence
  • LGBTQ+
  • Podcast
    • "What You Should've Been Taught"
    • Audio Feed of the Website
    • Ask a Podcast Question
  • About
    • Testimonials
    • About Cade
    • Rugby Bio
    • Instagram
    • Contact
You are here: Home / Finance / How to Invest 5K? Simple Ways to Multiply Your Money in 2022
How to Invest 5K? Simple Ways to Multiply Your Money in 2022

How to Invest 5K? Simple Ways to Multiply Your Money in 2022

August 4, 2022 By Cade Hildreth Leave a Comment

“Anyone can invest.”

It’s likely that you’ve heard this and similar statements before. If you’re anything like me, you probably didn’t believe this at some point in your life.

There are too many bills to even think about being able to invest 5k, right?

Wrong.

Even if you only have a few thousand dollars set aside, you can invest to make the most of that money.

If you’re ready to start growing your money, keep reading. I’m going to walk you through seven potential investment options to put your money to work.

1. Buy a House with a Low Down Payment

If you aren’t a homeowner (or you don’t yet have your dream home), this is an extremely realistic goal that you can strive for. While second home buyers or real estate investors may need to put 20% down, first-time homebuyers only need 3% to 3.5% for their down payment.

This means that you could use $5K as a down payment on a $150K home or condo.

If you decide to act on this, your primary concern will be your closing costs. To eliminate these, you can either ask the seller to cover them (a seller will often be willing to do this if you offer them a competitive purchase price) or you can roll them into your mortgage.

Or, you’re a military service member or veteran, you can also use a VA loan to buy a home with no money down. In this case, you can use your $5K to cover your closing costs. If you’re not a service member, you could do the same thing in a rural area using a USDA loan. See this article for more tips on buying a house with little to no money down.

The great thing about investing into a home is that you’re likely to see increases in its value over time and you’ll get great tax advantages, such as being able to deduct your mortgage interest.

2. Invest 5k into Real Estate Syndications

If you’re an aspiring real estate investor but only have $5K, real estate syndications are another effective the way to go. These groups allow you to invest in real estate at a low cost while still receiving equity shares (aka, partial ownership) of the properties that are being acquired.

For as little as $1,000, you can invest in Cardone Capital. Even better, you don’t have to be an accredited investor to do so, which the U.S. Securities and Exchange Commission (SEC) often requires. All you have to do is sign up on their site and get ready to put your money to work.

Likewise, you could invest in Fundrise for as little as $500. This real estate syndication is an eREIT that allows you to invest in cash-flow-producing real estate.

Both of these organizations allow you to invest your money into real estate without having to buy the homes or units yourself.

This lets you invest less money on the front end and avoid the responsibilities and costs of ownership, while still benefiting from many of the benefits of real estate ownership, such as:

  • price appreciation
  • debt paydown by tenants
  • tax advantages
  • cash flow

3. Buy Up Bitcoin (BTC)

If you haven’t invested in Bitcoin yet, now may be the time. Investing in Bitcoin allows you to make a bet on a huge technology trend. When Bitcoin first arrived on the scene in 2010, it was worth less than one cent. Now, one Bitcoin is worth over $20,000.

Plus, Bitcoin recently dropped in value by over 50%, which could make now a good time to buy it at discounted prices.

Because Bitcoin is a verifiably scarce asset, buying it is a great way to protect yourself against inflation. There will never be more than 21 million Bitcoins in existence.

Both billionaires and financial institutions are piling into this asset class, with Goldman Sachs reporting that it thinks Bitcoin will compete with gold as a store of value.

In addition to your Bitcoin (hopefully) going up in value over time, you can also stake it to earn interest. Earning interest on cryptocurrency is similar to earning interest on a savings account. You deposit your Bitcoin to earn compound interest over time.

The only difference is, you’re more likely to paid a decent rate of return on  your Bitcoin than on your savings account.

How to Buy Bitcoin on Coinbase

4. Snatch Up Ethereum (ETH)

Similar to Bitcoin, Ethereum is another compelling way to start investing your savings, especially if you only have $5K. Currently, it’s second largest cryptocurrency by market cap.

Ethereum is a smart investment if you’re looking to bet on the future of blockchain technology. This includes Web 3.0, NTFs, dApps, and more.

The main difference between Ethereum and Bitcoin is that Bitcoin is an online currency. Meanwhile, Ethereum is a ledger technology. Companies use Ethereum to build new programs and expand on ideas.

Thus, investing into Ethereum means you betting on the future growth of blockchain technology. Based on this exponential growth of this tech to date, ETH seems like it could be a pretty smart bet.

If you’re ready to buy Ethereum, you can again use the Voyager app to make things simple.

5. Buy Digital Land in the Metaverse

Buying land in the metaverse is a relatively new trend, but it’s not a new concept. The metaverse has been around for a while, but huge companies and real estate developers are investing in the metaverse. That means that it could be time for you to evaluate this trend, too.

The metaverse is just a term that describes a virtual world where you can interact with others, play games, shop, and buy virtual land if you like. There are several different metaverses that have come into existence, but the two most popular ones are The Sandbox and Decentraland.

In the metaverse, you can buy digital assets, such as land, using real money. When the metaverse first started, items within it ran around $1 to $9. Now, some items (such as plots of digital land) are selling for thousands of dollars. This is the kind of return that you can sometimes achieve by jumping on  trends early.

Investing in the metaverse land can be thought of as buying digital real estate. Assuming these metaverses continue to grow in popularity, your investment could go up in value.

While it’d be hard to buy physical land for only $5K, this amount can buy you a nice plot of digital real estate in both The Sandbox and Decentraland.

6. Bet on a Stock You Believe In

When it comes to investing in stocks, you may hear that diversification is the best thing to do. However, many wealthy investors advise against the diversification. Instead, they recommend you to choose one company that you strongly believe in.

As wealthy Andrew Carnegie famously said, “Put all your eggs in one basket—and watch that basket.”

For example, you could buy stock in Coinbase Global (NASDAQ:COIN), because cryptocurrencies are a massive trend and Coinbase is a leading crypto exchange. Or, you could invest 5k into Amazon, (NASDAQ: AMZN) because it is investing heavily into expansion within India, a massive country that is overtaking China to become the world’s most populous country.

The point here is that you’re choosing a company that you wholeheartedly believe in, based on the trends that you are actively watching in the world.

7. Earn Cash Flow from Peer-to-Peer Lending

Peer-to-peer lending allows consumers to take out loans from a group of peers rather than borrow from a bank.

Put simply, peer-to-peer lending involves the act of lending out money to other people (or businesses) and earning interest payments for doing so. With this approach, you get paid back your original amount plus interest from the borrower over time.

With peer-to-peer lending, you can earn nice cash flow from the interest payments. On average, you can expect to get about a 10% return on your investment. Plus, you get the satisfaction of knowing that you helped someone get the money that they needed.

To help you make good lending decisions (and protect against default), most peer-to-peer lending sites have ways to evaluate your borrower’s credit worthiness.

If you only have $5K to invest, this can be a great way to turn it into a passive income source.

You can view a list of peer-to-peer lending platforms here.

Ready to Invest 5K?

Whew! With all of the low cost investment options that are available today, it’s an incredible time to be alive.

If you’re ready to invest 5K into the opportunities that caught your eye, let me know in comments which moves you’ll be making.

Want to stay in the loop? Join nearly two million other readers who are learning from Cade.
Are we connected on social media? If not, let’s do it so I can share in your world too: Instagram | Twitter | Facebook | Pinterest | TikTok | Podcast | LinkedIn
5/5 - (6 votes)

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Cryptocurrency, Finance, Investing

Reader Interactions

Tell Us What You Think! Cancel reply

Primary Sidebar

  • Instagram
  • Twitter
  • Facebook
  • LinkedIn
  • Pinterest
  • TikTok

“As an LGBTQ+ entrepreneur, real estate investor, former USA Rugby Player, and fitness fanatic, I’ll teach you what your parents and teachers should’ve taught you, but didn’t know themselves.” -Cade Hildreth

Want to know what I learned making my first few million? Subscribe here.

Or, listen to Cade’s articles on the go as a Podcast.

Because it’s the New Year, let’s talk about ch Because it’s the New Year, let’s talk about change...

For a long time, I’ve thought about top surgery. I remember when I was 6 or 7 years old when I wanted to run around outside on a hot, sunny day with my shirt off…and I first saw my parents… hesitate. Ughh. 

It wasn’t their fault but I still remember that heart wrenching feeling. To their credit, they ultimately said, “Ok, go do it!” While I did “do it”, I remember the feeling of shame that crept in.

Over the years, being in affirming sporting/rugby circles helped suppress the urge to get top surgery, but it never quite “stayed down.”

So last summer I got keyhole #topsurgery. I’ll talk about recovery in another post because it was definitely weird to not strength train for months.

But in THIS post, I want to share two things:

1. I am SO grateful to my wife Erin for being the supportive and growth oriented partner that she is. 🥰🙏❤️ 

She is now following her call to get a divinity degree and she’s already working in ministry as a Pastor in Training at an incredible, inclusive Presbyterian church here in Virginia. I am grateful to her for supporting me as I become more and more of who I am—and I’m enjoying watching her do the same! Love you, babe!

2. Second, I’m grateful to get to share who I am with my family. This summer we took a trip to Madden’s resort in MN to celebrate my parent’s 50th wedding anniversary. (It was actually their 52nd, because we had to postpone it twice due to Covid.)

I was nervous to be in the pools and lakes around them, but I could feel it was my only choice because I knew I wanted them to “know me”. And, how could that happen if I “hid me”?

Ultimately, I have to tell you…it was freeing to be me, as I am, who I am. 

I had the BEST time splashing around and biking and goofing around with my wife, niece, nephew, & sister. 🌊🏖🐟

So, I suppose, this is a gratitude post to thank those who have supported me over the years as I become more and more of who I am. 

Top of that list is my wife, Erin, but there are countless others. ❤️

If you’re reading this, thank YOU for being one of those people in my life too. I am deeply grateful. 🥹
.
.
#lgbtqfamily #nonbinary
How to set a boundary? 🤔 . . . . #lgbtqia #lgb How to set a boundary? 🤔 
.
.
.
.
#lgbtqia #lgbtqcommunity #emotionalhealth
What do you do if you’re telling a past story ab What do you do if you’re telling a past story about someone who has transitioned? 🤔 Share a 💯 if you agree ➡️🏳️‍⚧️🏳️‍🌈
7 things I got clarity on in 2022: 1. Good and b 7 things I got clarity on in 2022: 

1. Good and bad are labels. All things are experiences. 

2. Maturity is taking full responsibility for oneself. 

3. Having a loving, conscious relationship with myself is a core value. 

4. Emotions do not mean that anything has to be done. 

5. When I am in congruence with what I want, I have it. 

6. I have permission from myself to stop doing anything that doesn’t lead to my peace and empowerment. 

7. Stepping toward emotions and being able to feel them is a superpower. It determines the quality of my life. 

(Are there any above that you’d like me to further explain?)
 
Most importantly, which # above resonates with you? ⬆️

Happy New Year, y’all! 🎊🥳
.
.
.
.

#lgbtqcommunity #lgbtqiaplus #lgbtsupport #nonbinary #trans #selfgrowth
Interview with Jenny Nguyen, Founder of the Sports Interview with Jenny Nguyen, Founder of the Sports Bra—The World's 1st Bar to Only Play Women's Sports - shorturl.at/doGHZ

I'm excited to introduce you to today's #podcast guest, Jenny Nguyen, who is a professional chef, elite athlete, and entrepreneur.

I invited Jenny onto the podcast because she has done something extraordinary that is long overdue: She has opened up a sports bar that exclusively plays women's sports!

Despite extensive research, Jenny hasn't found another sports bar worldwide that ONLY plays women’s sports.

Given that it's nearly 2023, this is mind-blowing. As a lifelong athlete, I find her vision compelling and inspiring.

Aptly called the "The Sports Bra", the venue is putting Jenny's culinary skills on display alongside women's sports worldwide.

The Sports Bar has taken its mission a even further by partnering with and elevating other local, women-owned businesses.

Specifically, it:

1. Sources its grass-fed beef from @CarmanRanch, an ranch run by Cory Carman, a third gen rancher out of Wallowa, Oregon).

2. Sources its alcohol from Freeland Spirits, an all-women owned and operated distillery out of NW Portland.

3. Has furniture built by @girlsbuild_org, a non-profit organization headed by @ktmhughes in Portland, OR, that teaches carpentry and construction skills to young girls as a path to empowerment.

Since opening the Sports Bra this April, people have come from ALL over the U.S. and the world to experience it—including many professional female athletes.

To learn more about Jenny as she makes history, features women's sports, and elevates women-run businesses, listen to the episode here:

shorturl.at/doGHZ

Or, you can check out the Sports Bra at:

@thesportsbrapdx
TheSportsBraPDX.com/

Have you heard of the Sports Bra or been out to experience it in person?

#lgbtqiaplus #womenownedbusiness #lgbgtqia #lgbtqcommunity #womenssports #womeninsport
Over this recent holiday stretch, we… - enjoye Over this recent holiday stretch, we… 

- enjoyed some quiet time at home
- got a sauna delivered (but not yet installed)
- decorated for the holidays
- baked a bunch
- visited our favorite farm
- did some sight seeing
- and perhaps, most importantly, survived the cold snap along with our feather friends (who lived in the garage for a few days so we could heat them with a space heater) 🥶🐔

How have the holidays treated you…and did you get hit by the winter storms? ❤️🎁☃️❄️
Load More... Follow on Instagram

Recent Posts

Gender Spectrum

The Gender Spectrum: A Scientist Explains Why Gender Isn’t Binary

Laith Ashley

Transgender Model Laith Ashley: 11 Fascinating Facts

Real Estate Syndicators

Master List of Real Estate Syndicators for 2023

Pride Flags

Beyond the Rainbow: Your Ultimate Guide to Pride Flags

Nonbinary

What is Nonbinary Gender? On Being Both, Beyond, and In-Between

Categories

  • Biohacking
  • Confidence
  • Cryptocurrency
  • Entrepreneurship
  • Exclude
  • Finance
  • Fitness
  • Gold and Silver
  • Increasing Income
  • Investing
  • LGBTQ+
  • Nutrition
  • Podcast
  • Real Estate

Ask a Podcast Question | Contact Us | Terms of Use | Privacy Policy

COPYRIGHT © 2019 · CADEHILDRETH.COM | PHONE: ‪(202) 660-4705‬  | 800 CORPORATE DRIVE, SUITE 301, STAFFORD, VA 22554, USA

 

*Disclaimer: Nothing on this site should be construed as medical, health, or financial advice. Before making any health decisions, you should consult with your doctor. Before making any financial decisions, you should consult with professional adviser, such as a financial planner or CPA.