Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
I’m Going To Show You How to Turn £10 into £10K
Ruby Layram
17th Jul 2025
Sounds like clickbait, doesn’t it?
“I’m going to show you how to turn a tenner into ten grand…” You’d be forgiven for thinking I’m about to pitch some dodgy crypto scheme or try to persuade you to join a get-rich-quick course.
But actually, I’m here to show you how to get real results. Because, believe it or not, you can grow a modest £10 into a much bigger £10,000 pot, without needing a finance degree or a six-figure salary. All it takes is time, consistency, and a bit of investment know-how.
Here’s everything you need to know.
Start Small, Think Big
The biggest myth about investing? That you need loads of money to begin.
In reality, you can kick things off with just £10. Yes, really.
And no, you don’t have to be glued to a trading app or obsessed with stock charts. This is slow and steady stuff, and it all comes down to compounding.
The Magic of Compounding
Compound growth is like interest’s cooler, smarter cousin. Here’s how it works:
Let’s say you invest £10 in a fund that earns 8% a year (which is around the long-term average return of the stock market). At the end of the first year, you’ve got £10.80. Still enough for a supermarket meal deal.
But then that £10.80 earns its own 8% the next year. And then that total earns another 8% the year after that. As the years go on, those gains start stacking on top of each other, and before long, you’re seeing real progress.
Now imagine adding another £10 every week. It’s the financial version of the snowball effect.
What could this turn into?
Using the handy MoneyMagpie Investment Calculator, here’s what the maths shows us:
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Start with £10
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Add £10 per week
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Invest over 15 years
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Average 8% annual returns
= Over £13,000 in your investment pot.
Up the weekly investment to £20? Now you’re looking at £27,000+. All from making investing a small, regular habit.
Where to Find That Extra £10?
Not sure where you’ll find the extra cash? Here are a few tried-and-tested ways to make (or save) a tenner a week:
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Sell clothes and clutter on Vinted or Facebook Marketplace
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Use cashback sites for your regular shopping
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Join paid survey panels like Prolific or Swagbucks
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Sell your bakes, crafts or homemade treats
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Offer freelance services such as proofreading, Canva designs, dog walking, you name it!
Trust me, once you start looking, the extra tenner is easier to find than you think.
Make It Effortless: Automate It
The best investors aren’t the ones with the most money; they’re the ones with the best habits.
Set up a standing order to transfer money into your investment account each week or month. That way, you don’t need to remember to invest; it happens automatically. Like magic. (But better.)
Beginner-friendly apps like Freetrade, Moneybox, Plum, and InvestEngine make it simple to start small. Some will even round up your purchases and invest the spare change, perfect if you want to grow your pot without feeling the pinch.
Don’t Spend the Returns!
This one’s important.
Once your investments start paying dividends or increasing in value, resist the urge to cash out and treat yourself. Reinvest everything. Every penny.
Why? Because reinvesting supercharges your compound growth. It’s one of the most powerful wealth-building tactics out there. And yes, it’s dull. But it works.
What Should You Invest In?
Now for the fun bit, what do you actually invest in?
If you’re going from £10 to £10K, you’ll want to make sure your money is working hard. That means choosing the right mix of investments, also known as your portfolio split.
Here’s a simple guideline:
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Younger investors (under 40): Lean more towards stocks and global equity funds for higher growth
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Older or more cautious investors: Mix in bonds or more stable assets for lower risk
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Everyone: Diversify! Don’t chuck all your cash into one company or one fund.
Low-cost index funds or ETFs are a brilliant place to start. They’re affordable, spread your risk, and tend to do well over the long term.
Your £10 to £10K Journey Starts Here
Let’s be real, turning £10 into £10,000 isn’t going to happen overnight. But it can happen.
All you need is:
✅ A tiny start
✅ A regular habit
✅ A long-term mindset
✅ A simple strategy
That’s exactly what our £10 to £10K newsletter series is designed to help you with. Each week, you’ll get:
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Bite-sized tips on how to grow your money
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Tools and calculators to track your progress
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Simple strategies that actually work
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Encouragement and motivation to stick with it
It’s free. It’s practical. And it’s designed for total beginners.
Ready to see what your £10 could become?
Sign up to the £10 to £10K challenge now and take your first step towards building a financial future you’re proud of.
As with any type of investing, you capital is at risk. To learn more about investing, do sign up to our fortnightly MoneyMagpie Investing Newsletter. It’s free and you can unsubscribe at any time.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice.
This is a deceptive headline. No, in fact it’s a fat lie! Oering to advise how to turn £10 into £10000 and then instructing to ad a tenner a week for 15 years. That is an investment of £7500 not £10!
Hi Steve,
Thank you for taking the time to read through our article and share your concern.
You are right. Investing £10 a week for 15 years does equate to around £75000 total invested. However, in the article we explain that you can turn this into £10,000 by investing that money in a portfolio that returns an average of 8% per year. Due to compound growth, this would turn into £10,000 over the 15 year period.
Here is a really useful guide that explains how compound growth works: https://www.moneymagpie.com/investment-articles/what-is-compound-interest-and-how-does-the-magic-work
You can also use this investment returns calculator to see for yourself: https://www.nerdwallet.com/calculator/investment-calculator
When using the calculator, set your starting amount at £10, your monthly contribution to £10, your annual return to 8% and your years of investment growth to 15.
I hope this helps!
Many thanks for this, i am really looking forward to walking through this investment plan with you. I will use your tips along the way