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How much interest can you earn on 1000 If you're able to put away a bigger chunk of money you'll earn more interest Save 1000 for a year at 001 APY and you'll end up with 100010 If you put the same 1000 in a high-yield savings account you could earn about 5 after a year.

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Millionaires put their money in a variety of places including their primary residence mutual funds stocks and retirement accounts Millionaires focus on putting their money where it is going to grow They are careful not to put a large amount of money into items that will depreciate.

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