How to Turn $200k into $1 Million (7+ Safe Methods)

By Forrest McCall •  Updated: 01/08/24 •  9 min read

Looking to turn $200k into $1 Million? Believe it or not, it's actually easier than you think. Granted, it's going to take some time to 5x your money, but it is possible. Here's what I recommend.

Best Ways to Turn $200k into a Million

1. Invest in Real Estate with Arrived

Real estate can be a lucrative investment strategy and a great way to turn your $200k into a million dollars (or more!). My favorite platform is Arrived. With Arrived, you can invest in real estate with as little as $100 and diversify your portfolio across various properties – which I'm a huge fan of.

Arrived Homes Investing

When investing in real estate, it's important to consider your risk tolerance and investment strategy. You should also factor in the costs of loans and maintenance, as well as potential rental income and capital appreciation.

Real estate investment trusts (REITs) and crowdfunding platforms can also provide opportunities for investing in real estate without the hassle of managing properties yourself. With careful research and a sound investment plan, real estate investing can be a profitable way to turn your $200k into a million dollars.

2. Invest in Index Funds

If you are looking for a simple, low-cost, and proven way to invest your $200k, index funds are an excellent option. Index funds are a type of mutual fund or exchange-traded fund (ETF) that tracks a specific market index, such as the S&P 500. By investing in an index fund, you can gain exposure to a diversified portfolio of stocks, bonds, and other assets that make up the index – which is a great way to limit your risk when investing.

Check out the returns of the S&P 500. It's hard to argue against that!

index funds returns for investing

One of the main advantages of index funds is that they offer broad market exposure at a low cost. Since index funds are passively managed, they have lower fees than actively managed funds. This means that you can keep more of your returns over the long term. Additionally, index funds are a great way to achieve asset allocation and diversification in your portfolio. However, it's important to remember that while index funds are generally considered low-risk investments, they still carry some level of risk.

To invest in index funds, you can open an account with an online brokerage or robo-advisor like Acorns. Many of these platforms offer a variety of investment options, including index funds, ETFs, and other diversified investment portfolios. By selecting the right investment options and maintaining a balanced asset allocation, you can maximize your chances of turning your $200k into a million over time.

3. Start a Business

Looking to step into entrepreneurship? Starting a business is a great long-term goal that requires hard work and dedication but can pay off massively. When starting a business, you should evaluate your starting point and determine the type of business you want to start. It is important to choose a business that aligns with your interests, skills, and experience.

For example, if you love yard work, starting a lawn care business can be a tremendous option.

Remember, your business doesn't need to be some novel idea to be successful. Sometimes the best businesses are the most simple ones with proven business models.

Starting a small business requires a lot of planning and research. You need to determine the legal structure of your business, register your business, and obtain any necessary licenses and permits. You also need to create a business plan, which includes a description of your business, some sort of market analysis, a sound marketing strategy, and financial projections.

Starting a business is not easy, but it can be rewarding. It allows you to be your own boss and create something that you are passionate about. With hard work and persistence, there's no doubt that you can turn your $200k investment into a million-dollar business.

4. Use Mutual Funds to Grow Your Money

Another effective way to grow your money is by investing in mutual funds. These funds pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, and other securities. By investing in mutual funds, you can benefit from professional management, diversification, and potentially higher returns than you would get from individual stocks or bonds.

To build a diversified investment portfolio, consider allocating your money across different types of mutual funds, such as large-cap, mid-cap, and small-cap stocks, as well as bond funds and international funds. This can help reduce your overall risk and potentially increase your rate of return over the long term.

Overall, investing in mutual funds can be a smart way to grow your money and achieve your financial goals. Just be sure to do your research, choose the right funds for your needs, and monitor your portfolio regularly to ensure it remains well-diversified and aligned with your investment objectives.

5. Flip Websites & Blogs

Blogging is a popular way to make money online. It can be a great source of passive income if you do it right. If you have a passion for writing and a niche that you're knowledgeable about, you can start a blog and make money from it.

But did you know you can also invest in a blog?

Instead of building a blog from scratch, you can purchase profitably blogs from sites like EmpireFlippers or Quiet Light.

Check out this website for sale that's generating over $700k of income!

invest $200k in websites and blogs

With $200k, you should be able to purchase a blog that makes around $5,000 a month.

Then, once you increase the traffic and earnings, you can sell it for much more (usually around 40x revenue).

There are tons of ways blogs can make money.

One way to make money from a blog is through advertising. You can use Google Adsense or other advertising networks (I prefer Mediavine) to display ads on your blog. With this, you get paid every time someone clicks on an ad. However, this is not the most lucrative way to monetize your blog.

Another way to make money from a blog is through affiliate marketing. With this method, you can promote products or services related to your niche and earn a commission on every sale that you generate. This requires more effort than displaying ads, but it can be much more profitable in the long run.

To make money from your blog, you need to have traffic. This means you need to create quality content that people want to read and share. You also need to promote your blog on social media and other platforms to reach a wider audience. You can also use techniques like SEO to grow your traffic even further, but this will take more time.

In summary, blogging can be a great way to make money online. However, it requires effort and dedication to create quality content and build an audience. If you have a passion for writing and a niche that you're knowledgeable about, you can start a blog and turn it into a profitable business. And if you don't want to build a site from scratch, you can always buy an existing online business that's already profitable.

6. Start Flipping Houses

If you're looking to turn $200k into a million, flipping houses can be a great way to get started. Flipping houses involves buying a property, fixing it up, and then selling it for a profit. It's a popular way to invest in real estate and can be a lucrative way to make money. It might sound easy, but don't get me wrong, there's a lot you'll learn when you get started.

When flipping houses, it's important to do your research and find the right property to invest in. Look for properties that are undervalued or in need of pretty heavy repairs. You'll need to calculate the cost of repairs and make sure that you can still sell the property for a profit.

Flipping houses can be a great way to generate cash flow and capital appreciation. If you're able to buy a property at a low price, make repairs, and sell it for a higher price, you can make a significant profit. It's important to keep in mind that flipping houses can be risky, so it's important to do your due diligence and make sure you're making a smart investment.

Here's a great video showing a full house flip.

7. Consider Investing in Cryptocurrency

If you are willing to take on a higher degree of risk, cryptocurrency could be a viable option to turn your $200k investment into $1 million. Cryptocurrency is a digital or virtual currency that uses cryptography for security.

Bitcoin, Ethereum, and Litecoin are some of the most well-known and established cryptocurrencies that I recommend. It's a volatile market, which means that the value of your investment can fluctuate rapidly. However, with high risk comes the potential for high reward.

If you're ready to get started, I recommend using Binance. It's my favorite platforms for buying and selling all of the most popular cryptocurrencies.


It's important to do your research and understand the market volatility before investing in cryptocurrency. Keep in mind that the cryptocurrency market is still relatively new and unregulated, so it's important to invest wisely and diversify your portfolio. Whether your goal is to turn $5k into $10k or just to flip $2000 – cryptocurrency can be worth exploring.

8. Invest Safely with a High Yield Savings Account

One of the safest ways to invest your $200k is through a high yield savings account. Unlike traditional savings accounts, high yield savings accounts offer higher interest rates, allowing you to earn more on your cash.

Many banks offer high yield savings accounts that are FDIC-insured, providing a safe and stable place to store your money. With a high yield savings account, you can earn a steady and reliable income without the risk of losing your principal investment.

High yield savings accounts are also a great option for building an emergency fund. By keeping your cash in a high yield savings account, you can earn interest while still having easy access to your money in case of an emergency.

When choosing a high yield savings account, be sure to compare interest rates and fees to find the best option for you. With the right high yield savings account, you can invest your $200k safely and earn high returns on your cash.

Final Thoughts

If you're looking to turn $200k into $1 million – some of the best methods include investing in real estate with Arrived and investing in index funds. These are proven ways to grow your money and build wealth over time.

Forrest McCall

Forrest is passionate about helping others grow their passive income streams so they can reach financial freedom. He has been quoted in many popular finance publications including Business Insider, Bankrate, CNET Money, and more.