I’m 45 and want to buy an apartment. How can I turn $1,000 into $250,000?

HomePersonal FinanceDollar SignsDollar Signs‘I just opened a brokerage account for the first time’July 14, 2026, 8:15 a.m. ET“Ideally, I need to get to $250,000 to buy a modest apartment so my kid can have a place that is ours and has no debt associated with it.” (Photo subject is a model.) Photo: Getty Images/iStockphotoDear Dollar Signs, I’m 45 years old and I just opened a brokerage account for the first time. I only have $1,000. How can I turn that into $250,000? Ideally, I need to get to $250,000 to buy a modest apartment so my kid can have a place that is ours and has no debt associated with it.Big Ambitions, Very Little Money