what can i do with 90 000 dollars

What can you do with $30k? Here are the best ways to invest your savings. Think about what it’ll be worth in 20 years if you start now.


Saving $30,000 is a feat to be proud of. But having more money can be stressful if you don’t know what to do with it.

Is your money sitting untouched in a checking account? If so, maximizing your earnings will be near impossible. You need to get it invested somewhere.

Don’t worry — there are plenty of ways to grow your money.

StarStarStarStarStarEmpty StarLow commission for stock tradesNo account minimumsAlly platformApply NowRead Review
StarStarStarStarEmpty StarJust $10 to startQuarterly dividendsPassive investingApply NowRead Review
StarStarStarStarStarEmpty StarHigh APYNo balance requirementNo feesApply NowRead Review

To help you decide, we’ll show you smart ways to invest your money (and three to avoid).

Here are 12 strategies to make your $30k grow:

  1. Take advantage of the stock market
  2. Invest in mutual funds or ETFs
  3. Invest in bonds
  4. Invest in CDs
  5. Fill a savings account
  6. Try peer-to-peer lending
  7. Start your own business
  8. Start a blog or a podcast
  9. Consider real estate investing
  10. Try fulfillment by Amazon
  11. Fix up your home
  12. Invest in yourself

What would you do with a $30,000 windfall?

PRO TIP: If you are eager to start investing in stocks, one of our recommended choices is Ally Invest. You can start to invest with no minimum deposit. It’s a great choice for beginners and the app is easy to use.


Before investing, figure out whether it makes sense for your financial situation. Ask yourself these questions:

  • Do I have a lot of personal debt?
  • Do I have a 401(k)?
  • Do I have an IRA?

You’ll put yourself in a better position to invest if you tackle these first:

Pay Down Your Debts
Paying down debts can be just as profitable as investing and healthier for your finances in the long run.

Let’s say you can get a 5% rate of return on your investment portfolio, but you have $30,000 in credit card debt with a 23% APR. If you focus on your portfolio instead of putting those funds toward credit card debt, you would end up paying more in interest and losing money.Rate of return is the profit off an investment. Banks write it as a percentage. If you make $50 on a $1,000 investment, your rate of return is 5%.

Some low-interest debt, like a home mortgage, is OK to hold while making investments. You’ll have low monthly payments with a low interest rate, which frees up your money to invest. Plus, your home itself is an investment that grows in value over time. That’s why some people call it “healthy” debt.

Plan for Retirement
If you have your debt under control, make sure you’re on track to meet your retirement goals. Join your employer’s 401(k) plan. Check with your company to see what percentage they match. You should contribute at least that amount. If not, you’re turning away free money offered by your employer.401(k) Company Match
Some employer’s vest their contribution to your 401(k). This means you’ll have to work a certain amount of time to receive their match. But you’ll get all the contributions you make, regardless of how long you work at the company.

Consider contributing the maximum amount to your 401(k), even if your company doesn’t match. You’ll save more for retirement while lowering your taxable income.

A traditional IRA or Roth IRA can also supplement your long-term savings.

With a traditional IRA, you can deduct the amount you contribute from your annual taxable income. You can’t deduct that amount with a Roth IRA, but you can withdraw the money after retirement without being taxed.

You have other retirement savings options if you’re self-employed. These include starting a 401(k) or a SEP (Simplified Employee Pension) IRA. Check with a tax professional to review your options.

Once your debt is under control and your retirement plan is on track, you can explore our list of the best ways to invest $30,000.


Now that you’re ready to grow your money, here are some great ways you could invest $30,000:

  1.  Invest in Stocks
    You can use an online brokerage account, like Ally Invest, to trade stocks. Look for companies with an easy-to-use interface and resources for new investors.Take your time to learn about each company and what they have to offer. Familiarize yourself with the news, stock performance histories, and professional forecasts. You can even practice trading online without actually investing money.When you feel comfortable, choose one or two stocks that you’re familiar with. Make sure the investment matches your risk tolerance. And remember to start small until you feel comfortable with the process.Losing or gaining money can be emotional. To avoid making rash decisions in the heat of the moment, set a plan and stick to it. Decide the amount you want to invest, and know how much you’re willing to lose.Understanding Risk
    It’s important to know the possible risks before choosing the right investment for you. These risks include market risk, business risk, political risk, and liquidity risk.The higher the reward, the higher risk. If you take a loss, weigh the risks again to decide whether to pull your investment.Stock Trading: Get Up to $3,000Click Here to Get Cash BonusEXPIRES 6/30/2022The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.Deposit or TransferCash Bonus$10,000 – $24,999$100$25,000 – $99,999$250$100,000 – $249,999$300$250,000 – $499,999$600$500,000 – $999,999$1,200$1,000,000 – $1,999,999$2,000$2,000,000+$3,000Thinking of investing in stocks? Take a look at Motley Fool Stock Advisor’s latest recommendations.Motley Fool Stock AdvisorClick Here to Learn More
  2.  Invest in Mutual Funds or ETFs
    Instead of investing in one company like with stocks, mutual funds and ETFs let you diversify between stocks, bonds, and other short-term investments. That way, you can invest in many securities all at once.Ally InvestRobinhood, and TD Ameritrade are some of the most popular brokerages. See How to Invest Money for more detail.You can use an index fund for longer-term goals like retirement. These funds match a specific market index, such as the S&P 500. The idea is that these funds will closely mimic market returns. They require very little management and often have lower fees.
  3.  Invest in Bonds
    Bonds are loans made to big organizations. You can invest in them like you would with stocks, but they tend to be more predictable than stocks (read our guide for more information about the differences between stocks and bonds).There are three main types of bonds:
    • Corporate, which are issued by corporations and have the highest risk
    • Municipal, which are issued by towns and cities and have less risk but lower returns
    • Treasury, or T-bonds, which are issued by the government and have the lowest risk and lowest returns
    Bonds have different ratings based on the credit of the issuer. You can calculate your return on a bond before you buy it, based on its rate and period of maturity.As with any investment, bonds carry some risk. When interest rates rise, bond prices fall. So, if you sell a bond before its maturity date, you could make less than the price you paid.Most bonds must be purchased through a broker, but T-bonds can be bought directly from the government.
  4.  Invest in CDs
    If you’re looking for something with less risk and decent returns, try investing in CDs. For higher interest rates, go with an online bank instead of a traditional bank like Chase.The longer you invest your money in a CD, the higher the APY (annual percentage yield). The APY is also usually higher on accounts with a higher required minimum.MEMBER FDICCD Rates – Up to 1.20% APYClick Here to Learn More
    • $500 minimum opening deposit
    • FDIC insured
    TermCD Rates6 Months0.55% APY1 Year0.60% APY2 Years0.95% APY3 Years1.10% APY5 Years1.20% APY
  5.  Fill an Online Savings Account
    The savings account at your local bank where you have a checking account probably offers measly returns. But you could get rates that are up to 10 times higher with an online savings account.An example of an account with a high APY is CIT Bank’s Savings Builder. Take a look at our CIT promo code page to learn more.Before you invest, make sure the FDIC insures the bank. Read the fine print regarding withdrawals and account minimums. Some banks charge withdrawal fees. Make sure you can access your money when you need it. If you want a debit card, check that the bank offers it.MEMBER FDICDiscover Online Savings – $200 Cash BonusTo get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online or by phone. Enter Offer Code CY122 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 3/15/22, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.Click Here to Get DealEXPIRES 3/15/2022
  6.  Try Peer-to-Peer Lending
    Peer-to-peer (P2P) lending is a somewhat new way to invest. It’s a good choice if you don’t want to deal with a bank. You can connect with borrowers all over the world by becoming a lender on a P2P platform.With P2P lending, you’ll see a high rate of return with low risk. Lending Club and Prosper are the most popular P2P platforms. They work as a middleman between you and the borrower.They’ll help you by funding the loans after you pay them, collecting payments, and taking legal action if the borrower defaults. You can diversify your risk by splitting your money up between multiple borrowers with low borrowing needs.
  7.  Start Your Own Business
    If you want to be your own boss and break out of your 9-to-5 job, you could try investing money in your own business. But make sure you have a solid plan before you even consider starting your own business.Make sure you get all the help you can. Check out the Small Business Administration’s website for advice. They have resources for both beginners and experienced business owners.
  8.  Start a Blog or a Podcast
    Many people start a blog or podcast as a side gig. You can write when you have time and partner with businesses to make money. Blogs have the potential to make you a steady stream of income through advertising.Your $30,000 is more than enough to get you started. You’ll be able to support yourself for a few months while you get your content going. You can use some of that money to get a domain name and web hosting service. You can also use it to invest in equipment like video recorders, microphones, cameras, or a better computer.The podcast world is increasingly difficult to break into, but there is still room to make money. You should be prepared to dedicate a lot of time and energy to producing regular content. If it’s something you enjoy doing, you can try to monetize your podcast by selling ad time.Start Your Website TodayClick Here to Get Deal
  9.  Invest in Real Estate
    While you probably won’t find many options for individual properties for less than $30,000, you can still invest in real estate through real estate investment trusts (REITs). You can invest in a share of a REIT just like you would invest in a stock.REITs make money from the rent collected from properties.You could also invest in real estate through crowdfunding platforms such as Fundrise and DiversyFund.

Leave a Reply