Many people think you have to be rich to invest. But with as little as $1,000, you can get a great start on your investing.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at several ways you can invest $1,000. Dan first suggests mutual funds, especially no-load funds that allow you to buy with no fees and let you start with small amounts to invest. Exchange-traded funds are another option, but Dan warns that you should find brokers that will let you buy them at no commission. Finally, Dan looks at savings bonds as a fixed-income option, noting that they pay little in interest but are available in increments as small as $25. No matter how little you have, getting started with investing is a smart way to make your money grow over time.