My mentor also said the first thing you should do when you have limited investment funds is to increase your income. This is similar to what you said. Investing with a small amount of money becomes difficult because you barely see any benefits from your investment. For example, with a 10% annual return, your $100 investment will yield $10, which isn't even enough for a day's food. But with $10,000, you can earn up to $1,000 in returns, which would probably cover your monthly expenses for up to four months in my country. This is a reality everyone should know. It's more realistic than dreaming of turning $100 into $10,000 from altcoins or meme coins.
That's so true. If you have little money and little income and don't know what to do, just invest in yourself. Buy books and learn.
With a small investment, let's say $1k, how much will you make a year? With no trade, just putting it in stocks, bonds, ETFs, you're not even going to do 2x. Same with gold and stuff. You may do 20% a year, maybe more, but that's just $200. On the other hand, if you could get a better job, you can increase your salary by $200 a month, which would more than double your investment in a year.