How to Turn $20k into $100k (Proven Methods)

By Forrest McCall •  Updated: 01/10/24 •  9 min read

Looking to turn $20k into $100k? I've put together some proven ways to grow your money and build wealth. Here are some of the best.


Some great ways to grow $20,000 into $100,000 include:

  • Investing in real estate with Arrived
  • Investing in index funds with Acorns
  • Starting a business or growing your money in a high yield savings account

Best Ways to Turn $20k into $100k

1. Invest in Real Estate with Arrived

Real estate investments can be a great way to grow your wealth, especially if you're looking for a long-term strategy. With $20k, you have a few options to invest in real estate but one of my favorites is through Arrived.

Arrived Homes Investing

Arrived is a real estate crowdfunding platform that allows investors to participate in residential real estate projects without a high initial investment. With Arrived, you can invest in real estate with as little as $100. That's right, just $100!

Each quarter, Arrived will distribute your earnings making it a simple and easy way to earn passive income without the hassle of managing a property yourself.

2. Invest in Commercial Real Estate with Realty Mogul

Realty Mogul is another real estate crowdfunding platform that allows investors to invest in commercial real estate with ease. With Realty Mogul, you can invest in a variety of commercial properties, including office buildings, retail centers, and industrial properties with as little as $5,000.

Commercial Real Estate

With Realty Mogul, you'll get access to invest in commercial properties without needing millions to invest. This opens up and entire new avenue to grow your money and build wealth.

When investing in real estate, it's important to remember that there are risks involved. It's important to diversify your portfolio and work with a financial advisor to develop a strategy that works for you. With a solid strategy and a bit of patience, investing in real estate can be a great way to grow your wealth over time.

3. Grow Your Money with Index Funds

Index funds are a popular choice for many investors looking to grow their money over time. They're accessible to anyone, a great way to diversify your portfolio, and have been proven time and time again.

They 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 diversify your portfolio and reduce your risk by spreading your investment across a wide range of stocks.

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

S&P 500 Returns

There are many platforms you can use, but my favorite is Acorns.

With Acorns, you can easily invest in index funds with as little as $5. They offer a range of ETF portfolios that are designed to match your risk tolerance and investment goals. You can choose from a range of portfolios, from conservative to aggressive, and Acorns will automatically rebalance your portfolio to keep it aligned with your chosen investment strategy.

Investing in index funds is a great way to grow your money over time. By diversifying your portfolio and reducing your risk, you can achieve long-term growth and build a solid investment portfolio. If you're looking to invest $20k, consider putting a portion of your investment into index funds to maximize your returns.

4. Consider Starting a Business

Starting a business is one of the most lucrative ways to turn $20k into $100k. It can be one of the best ways to double your money quickly.

When starting a business, it is important to do your research and find a niche that you are passionate about. This will help you to stand out, stay motivated, and attract new customers. Once you have found your niche, you can begin to develop a marketing and advertising strategy to promote your business.

There are tons of business ideas you can consider, ranging from online businesses to local service based businesses, and more.

Starting a small business can be a great side hustle or a full-time venture. With the right strategy and execution, you can turn your $20k investment into a successful and profitable business. While this isn't the easiest way to make money, it can be a great option if you want to be your own boss.

Here are some great options to start a business and make $10k a month!

5. Use Mutual Funds to Grow Your Money

Mutual funds are a type of investment vehicle that pools money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are a great way to invest in the stock market without having to pick individual stocks, similar to an index fund.

One of the main benefits of mutual funds is that they are managed by professional fund managers who have the expertise to make informed investment decisions. This can help reduce risk and increase the chances of generating higher returns. However, your costs can be higher, which is something to consider.

To maximize your returns, it's important to diversify your portfolio by investing in a mix of different mutual funds. This can help spread out your risk and increase your chances of generating high returns.

Overall, mutual funds can be a great way to grow your money and achieve your financial goals. However, it's important to do your research and choose mutual funds that align with your investment objectives and risk tolerance.

6. Make Money Blogging

Looking to start an online business?

Blogging is a great way to make money online whether your goal is to turn $200k into $1 million or turn $20k into $100k. If you have a passion for writing and sharing your ideas with others, then blogging can be a profitable business for you.

To make money from your blog, you need to choose a niche that you are passionate about and that has a strong audience. Once you have chosen your niche, you need to create quality content that is informative, engaging, and relevant to your readers.

One of the easiest ways to make money from your blog is through display advertising. You can place ads on your blog and earn money every time someone clicks on them. Another way to monetize your blog is through affiliate marketing. With this, you can promote products or services on your blog and earn a commission for every sale that is made through your affiliate link.

To make money from blogging, you need to have a steady stream of traffic to your blog. This means that you need to promote your blog on social media, use email marketing, and learn SEO to grow your blog. By building a strong following and providing quality content, you can turn your blog into a profitable online business.

7. Start Flipping Houses

Flipping houses is a popular way to turn $20k into $100k, but it's going to take a lot of effort and knowledge.

The basic idea is to buy a property that needs repairs or upgrades, fix it up, and then sell it for a profit. Flipping houses can be a lucrative investment strategy, but it requires careful research and planning.

To start flipping houses, you'll need to do your research. Look for properties that are undervalued or in need of repairs. You can find these properties through online listings, real estate agents, or by driving around neighborhoods. Once you've found a property that you're interested in, you'll need to calculate the potential profit. This includes the cost of repairs, the sale price, and any other expenses.

To finance your flip, you'll need to secure a loan. Hard money loans are a popular choice for house flippers, as they are designed for short-term investments, but they are VERY costly. You'll need to have a solid plan in place to convince the lender that your investment is worth the risk.

Once you've secured your loan, it's time to start the renovation process. This can be a time-consuming and expensive process, so it's important to have a detailed plan in place. You'll need to hire contractors, purchase materials, and oversee the renovation process.

Once the renovation is complete, it's time to put the property on the market. You'll need to work with a real estate agent to determine the best sale price for the property.

Flipping houses can be a profitable investment strategy, but it requires careful planning and research. With the right strategy, you can turn $20k into $100k in no time.

8. Consider Investing in Cryptocurrency

If you're looking to turn $20k into $100k, investing in cryptocurrency might be worth considering. Cryptocurrency, such as Bitcoin, has gained popularity over the years and has the potential to provide high returns. However, it's important to keep in mind that cryptocurrency is a high-risk investment and should be approached with caution.

One way to invest in cryptocurrency is by building a strong portfolio over time. This involves investing in a variety of cryptocurrencies and spreading out your risk. It's important to keep in mind that building a portfolio requires a long-term commitment and patience.

I'm a big fan of using Binance to buy and sell crypto. I haven't had any problems with them since starting.


Overall, investing in cryptocurrency has the potential for high income potential, but it also comes with high risk. It's important to understand the technology behind blockchain and do your research before investing any money. If you want to turn $15k into $100,000 or you just want to double $200 – crypto can be worth exploring.

9. Invest Safely with a High Yield Savings Account

A high yield savings account is a safe and low-risk option for investing your $20,000 and eventually turning it into $100k. With a high yield savings account, you can earn interest on your money while keeping it safe and easily accessible.

While a high yield savings account may not offer the same returns as other investments, it is a great option for those who want to invest safely and with minimal risk. If you are unsure about where to invest your money, consider speaking with a financial advisor to help you make the best decision for your financial goals.

Final Thoughts

Some of the best ways to turn $20k into $100k include investing in real estate with Arrived and invest in the stock market. These are proven methods to grow your money and build wealth.

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.