How To Turn 20K Into 100K (2023)

There are many different ways to turn 20k into 100k. You need to learn how to identify the best way to go about it. If you want to know how to become wealthy, there are plenty of ways – let’s look at some options. 

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Index Funds

Index funds are generally considered safer investments because they don’t require much research. They’re diversified portfolios that track the performance of specific benchmarks such as the S&P 500 or Dow Jones Industrial Average.

These indexes are designed to represent broad segments of the stock market, so investors often see returns similar to those of the overall market.

Investors can choose from several index funds depending on how much money they want to invest. Some people invest small amounts each month, while others prefer to make more significant contributions.

High-Yielding Saving Accounts

Savings accounts are virtually risk-less investments that offer you an above-average interest rate. Putting your money in a high-yielding savings account is a safe investment, significant for earning passive income, and one that will pay out monthly or annually.

These savings accounts will pay out monthly, quarterly, or annually, meaning this amount can compound into even more money.

You can use any number of online brokerages to find the best deals, which will help keep the most money in your pocket in the long run.

Real Estate

Investing in real estate is one of the best ways to build wealth over time and is the easiest way to turn 20k into 100k.

But there are many different types of investment opportunities in real estate, including rental properties, commercial buildings, and land. And each type of investment offers unique benefits.

You can use real estate to earn passive income while simultaneously creating equity in your portfolio. However, you don’t necessarily need to purchase a single piece of property to do so. Many real estate investing options are available that require less risk and capital.

For example, you could buy a foreclosure or a fixer-upper, rehab it, and rent it out. Or, you could buy a house near good schools where you plan on raising children. Either way, you’ll benefit from increased equity and appreciation throughout the years.

Rental Properties

Another way to invest in real estate is to buy a rental property. If you already know how to manage a home, this could be an excellent opportunity for you.

First, ensure you understand what type of property you want to purchase. Do you prefer single-family homes, multi-family homes, apartments, condos, townhouses, etc.? Is it better to go for something in a specific area or one that appeals to everyone?

Once you’ve determined what type of property you’re interested in, find out what areas are most popular in that particular city.

Once you’ve narrowed your options, start searching online for rental properties in those areas. Look for listings that include pictures, amenities, reviews, and price ranges. Start looking early, too, as inventory tends to sell quickly.

Next, decide whether you want to become a homeowner or lease the property. In either case, make sure you do your research before making any decisions. For example, you might choose to become a homeowner if you plan to move into the property within three years.

On the other hand, leasing doesn’t necessarily mean you’ll never own the property. Many landlords offer incentives to encourage tenants to upgrade to homeownership rather than move out altogether.

Finally, contact the owner directly once you’ve found a property that meets your needs. Ask questions such as why he/she wants to sell, what his/her expectations are, and what he/she expects in return. Be ready to negotiate terms to get a better deal. 


Starting a blog is more accessible than many people realize. There’s plenty of information on how to do it, and once you’ve got everything set up, you’re ready to begin creating content.

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You can make money from advertising, selling products, or offering consulting opportunities. And since starting a blog is relatively simple, you can easily find ways to monetize one without spending too much money.

If you really want to make some serious cash from blogging, you’ll probably have to spend some money. But just because it costs money doesn’t mean you won’t make money.

You could earn hundreds of thousands of dollars per month from blogging and turn your 20k to 100k quicker than you think. 

Coaching Courses

Another way to earn money while helping others is by offering your own coaching program. There are many different ways to go about it. You could start a group where you teach others how to become successful entrepreneurs.

Or you could focus on one particular niche, such as how to write better sales copy. If you want to take things further, you can even sell products on Amazon under your brand name.

You don’t necessarily need to charge anything upfront, but you can ask for a small fee per session. For example, if you run ten sessions monthly, you might charge $50 per session.

This works well because most people won’t pay much for the advice. They’ll usually pay more for a product or service, especially if it costs less than $100.

Retirement investments

Many people believe you must pay thousands of dollars out of pocket to start investing in a retirement account. But there are some great options out there that don’t cost much to open, and even better, most employers offer them to their workers. 

These accounts let you put away a portion of your paycheck before taxes, making it easier to build up savings and potentially increase your take-home pay.

Plus, since these accounts give you access to free investments, they’re essentially like getting paid to invest. There are three main types of retirement accounts offered by employers: 401(k), 403(b), and 457 plans. 


There are so many ways to make money in the world of technology, so why not utilize these ideas to turn 20k into 100k! It’s all up to you.

Andre Flowers
Andre Flowers

Hello, my name is Andre Flowers and I have been a Licensed Real Estate Professional for over 24 years. I also carry several certifications, including: Certified Distressed Property Expert, Certified Global Business Professional, Certified Credit Repair Specialist.

As a current Mortgage Underwriter with 15 years of experience, I have seen my fair share of money-related issues. Whether that be high levels of debt, not enough credit, or simply a lack of funds - I’ve had clients who fit into these categories.

Here I will share tips, tricks, and experiences on how you can get yourself back in control of your finances.

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