Readers probably expect me to say buy stocks or mutual funds with the $500/ EGP 10,000, but actually I won’t!
In a recent post on a public Facebook group, someone just asked the same question and it received upwards of 1400 comments.
Some suggested raising chickens and others were strongly against the idea as the cost and the risk of livestock is very high.
Others suggested to build a cart to sell food or drinks on the street, which is good idea given the amount of money but will not generate enough the desired returns.
The last group of commenters suggested that the investor buys a bicycle or a down payment for a motorcycle and work as a delivery person, which may have potential.
But I have a different answer for you, and it doesn’t offer you a quick win but almost guarantees a win on the long term.
As internet accessibility increases, selling services is the best choice in my opinion. Investing the money on courses and working on yourself to gain skills that are in high demand in the market. You can check “Fiver” or any other web-site that offer services, look for what services are in high demand, and start learning these skills with all available sources on the internet until you master it.
What services sell the most?
6 Best Fiverr Gigs – Top Selling Options
Graphic Design. Logo Designing. Business Card Design. …
Video Animation. Whiteboard Animation. Social Media Video Content.
SEO Support. SEO Keyword Research. Rent Out SEO Tools.
Content Writing. Scriptwriting. Editing. …
Coding and Website Building. Bug-Fixing.
Business Planning.
Then sell your services with the lowest price in USD market then gradually raise it as you make a name for yourself.
When you start earning money from your skill then you can start investing in stocks and mutual funds with 20% of every sell you make.
This strategy almost guarantees a fixed income through what you have learned and a worthwhile investment plan for you in the long term.
