Originally Posted by
Atimm693
$1000 won't get you anywhere in property. Honestly real estate seems like it's in a huge bubble right now and I don't want any part of it. This much growth just doesn't seem sustainable, at this rate in another 5 years nobody will be able to afford anything.
As far as stocks go, you are best to go with a low fee mutual fund or ETF. Even the best swing/day traders struggle to beat these. There are several mobile apps that make it easy as can be, Fidelity, TDAmeritrade, Robinhood, etc.
I wouldn't be so quick to pay off low interest debt with it, the stock market averages around 10% APR, any loans with an APR less than that are better left alone, you will make more by investing it. This is why a lot of really well off people still borrow money, their liquid cash is invested, earning more of a return than the loan. Things like credit cards, payday loans, personal loans, etc with a high interest rate, absolutely pay it off first.
Crypto is not a bad choice either, as long as you stick with established coins like Bitcoin or Ethereum. Buy and forget it for 10 years, the volatility will make you crazy.
As far as side gigs go, that will depend on your skill sets. Could be anything from photography, website design, computer repair, welding/fabrication, mechanics, handyman stuff, tax prep, HVAC, etc. I am a mechanic by trade, and will do side jobs from time to time for $50 an hour. When the going rate for a shop is $100+, that makes me a bargain and I am usually turning away work.
You can start mowing lawns with a couple thousand bucks, that business is generally pretty lucrative if you have time management skills and are able to work on your own equipment. A small trailer and a second hand mower don't cost that much.
Side gigs have sort of become the norm, just about everyone I know has one of some kind. That's just life as a millennial in this crummy economy.