67 Best Side Hustle Ideas to Make an Extra $1000 a Month

Nowadays, investing money is no longer for those who have a considerable amount of disposable income to spend. Investment has been made easier and more accessible for those on a lot less and perhaps just want to make a bit of money here and there too.

When you’re looking to know how to invest your money, it’s important to remember that the money you invest is never guaranteed to return to you.

Just because it seems like a fool-proof investment, you can never predict the unthinkable happening and you lose all your money. If you’re looking to invest your money, then here’s a guide to investing money in the right way, what to invest in, and how to make money back.

How to Invest Your Money

Look At How Much You Have To Work With

The first thing to consider is how much money you’ve got to work with.

There’s a lot of ways to invest money, but you might be priced out by some. It’s good to take a look at your finances to understand what you’ve got to work with and what you need to leave alone in order to keep you afloat.

The first thing to think about when it comes to investment is knowing the risks so that you can keep control of your own funds.

So think about what you’ve got available to spend because then you can start looking at the type of investments that are available.

Another rule to try and live by when it comes to investing money is to always put aside the profit. Unless you’re in a position to reinvest that money, you want to start making a profit from your investments.

Whatever you started with, you can always reinvest that. It’s like gambling in a casino or placing a bet. Always have the attitude that if you win, you only spend what you put down in the first place.

That way you are keeping control of what’s going out from your money, and so you don’t end up spending too much.

Start Doing Your Research

Research is good to understand how to invest your money. There are lots of investments to choose from, and each have their own way of working and a list of advantages and disadvantages.

Most people will end up losing money because they’ve not done enough background research into the investment option and so they end up making mistakes that cost them money.

Before you start spending your money, it’s important to know where it’s going and if you know for sure what you’re meant to be doing in order to turn a profit.

If you have some questions, you can find a lot of information online like this comprehensive Canadian brokers list. Or you can ask those individuals that you know who have already managed to make money from an investment.

It’s also good to consider which investments are best because one investment your friends or family are invested in might not be something that you enjoy, or you can understand fully.

Choose Between Short-Term Or Long-Term

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There are different investments out there, and there’s more information on what’s available as you go further down this article. However, it’s necessary to think about the type of investment you want in terms of longevity.

There are some short-term options that will bring you back a profit fairly quickly. But then you do have long-term options that might bring a regular income over time or could put you in a position to make a lot more money.

There are advantages and disadvantages to both, but it’s entirely up to you on which ones you choose. As a rule, you should be doing a mixture of investments to help diversify your portfolio but you may have specific intentions on why you’re going into investments.

Perhaps you’re trying to bulk up your retirement fund. Or maybe you’re going to need the extra funds to go towards your child’s education or a substantial amount for them to get on the property ladder when they need to.

Think about what you need and what’s a good option for you right now. There may always be an opportunity for you to invest into something else further down the line. For now, consider what’s needed the most out of this investment.

Stocks And Shares

The most traditional investment option is stocks and shares. These can be private or commercial companies that sell off parts of their business or allow others to have a share of the profits in return for an investment.

Again, there’s no guarantee that this will be returned to those individuals that invest, but it gives the business or company the opportunity to build the company and hopefully make more money from those who invest in the stocks and shares.

When it comes to understanding the stock market, there’s a lot of initial research that needs to be done to get what is worth investing in and what’s worth avoiding.

The stock market also has the habit of dipping one day and then rising the next. So it’s also an investment option that will need regular attention on your part.

This might be for you if you want it to be a more hands-on experience but may be avoided if you don’t want this investment opportunity to be something that takes up a lot of your time. 


Property is one of the other popular investment options, and like the stock market, there’s a big opportunity to make a lot of money from just having the one extra property.

There are ways to go about the property market when it comes to knowing how to invest your money.

You may want to buy a property outright with whatever money you have going, do it up and then sell it on.

The most popular of options is by taking out a mortgage to make it possible to buy the property. Then either do it up and sell it on or rent it out and use the rental money and any additional profits to help pay off the mortgage over time.

This can be considered as a long-term investment because you may want to hold onto the property until it’s been paid off and then sell it or hold on until you really need the money.

Trade Commodities

Commodities like gold, jewelry, and even designer bags can end up being a worthy investment.

Like any investment though, it’s good to be aware of what types of jewelry or designer bag is worth investing in. The more limited edition and rare they can be, the better.

This is because there will be people out there who will have the money to do whatever they want, and those individuals are always going to want things that they can’t easily get.

These commodities are definitely more of a long-term investment because you want the items to get more valuable as time goes by and other versions of the thing you have either perish or get lost.

The more unique, the more valuable the item becomes, so it’s not something you’re going to make money off that easily.

Use Peer-To-Peer Lending

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Peer-to-peer lending has become one of the most popular short-term investments because it helps even those who only have $100 dollars, invest in something.

It operates online and allows borrowers and investors to connect. The investor has the transparency to see who they’re investing with and to then choose the amount they invest and how long it’s invested for.

Again, there are always risks, but it’s good to look into all the peer-to-peer lending platforms and to pick the ones that are going to be the most effective and that work for what you need in terms of a guarantee. 

Some of these platforms will offer to pay back your investment, should the borrower not pay the money back in time, or default on the payment. However, that might mean the rate of interest is much lower. Usually, the more risks you take, the higher the payout will be.


Bonds are another way of investing your money and usually come in a variety of formats. They might be bonds handed out by the government or commercial.

How they work is similar to stocks, but with bonds, your money tends to be locked in until that bond matures. This tends to be a popular option that many seem to take to hopefully make a bit of money in the long-run, so it might not be for everybody.

Keep Monitoring Your Investments

Like any side hustle, part-time business, or investment, there needs to be consistent monitoring unless it’s something that’s long-term and doesn’t need your attention that much.

Keep an eye on your investments depending on what type you go for, and regardless of which one you pick, it’s important to just keep track of what’s happening.

Learning how to invest your money can go one of two ways, so it’s important to know exactly what you’re getting yourself into. Look at all the investment avenues and diversify your portfolio as you profit from the money that you invest.