How to Invest £20,000 | Investing your first 20K (2024)

FAQs

How to Invest £20,000 | Investing your first 20K? ›

Investing in assets like stocks, bonds, ETFs, real estate funds, and cryptocurrencies is a way to passively make more money. You can put your hard-earned savings to work for you, and after holding those investments for many years, your chances of turning a profit increase dramatically.

Investing in assets like stocks, bonds, ETFs, real estate funds, and cryptocurrencies is a way to passively make more money. You can put your hard-earned savings to work for you, and after holding those investments for many years, your chances of turning a profit increase dramatically.

What should I do with 20k savings? There is no best way to invest 20K. There are several investment options depending on your risk profile and financial goals. For example, you can invest in a robo-advisor, pension, ISA, high-yield savings account, peer-to-peer lending, and investment themes 2024.

How to make $10,000 ASAP? ›

I think freelancing and selling your skills online is generally an excellent way to make decent money. And it can certainly make $1,000 in 24 hours if you're in the right field. Personally, I'm a freelance writer, and there have been days where I've written the entire day and earned $500 to $750 or so.

The idea is to buy items for cheap, then sell them for more. Some of the best items to flip include furniture, sports memorabilia, and even websites. Another way to double 20k quickly is by investing in real estate with EquityMultiple. Check out this post on How to Make More Money.

Having $20,000 in a savings account is a good starting point if you want to create a sizable emergency fund. When the occasional rainy day comes along, you'll be financially prepared for it. Of course, $20,000 may only go so far if you find yourself in an extreme situation.