Good ideas on how to make money.

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MrGeezer

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#1 MrGeezer
Member since 2002 • 59765 Posts

Yeah, I know, "Get a job".

I've got a job though. And I've got money. I'm not broke and unemployed, and asking how to make enough money to buy a PS3.

Instead, suppose I am employed, have a steady source of income, and own several thousand dollars that I can spend. Not MANY thousand dollars, but several.

Now, they say that it takes money to make money. Suppose hypothetically that I've got a little bit of money. What are some good ideas on how to turn that money into more money? If you had, let's say between 5 and 10 thousand dollars that you could blow on anything, and you wanted to use that money to make more money, what would you do? How would you invest that money in order to benefit you? Also, consider that we're also not talking about a LOT of expendable money, just between 5 and 10 thousand dollars. So any money-making venture proposed must be able to be started with an initial investment of less than 5 and 10 thousand dollars. I can't exactly buy a yacht and take tourists on cruises, because I don't have THAT much money.

But keep in mind that this is all hypothetical, since I actually AM broke.

But if I weren't broke, and had between 5 and ten thousand dollars to spend, what are some good ways I could turn that into more money?

And don't say "spend it on college".

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elvisiscool

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#2 elvisiscool
Member since 2005 • 3753 Posts
Hardwork or illegal activities.
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jodamn

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#3 jodamn
Member since 2007 • 893 Posts
If you put the 10 grand in a fixed rate CD for a year, say at 5.5% apr, you'd end up with an extra $550 at the end of the year. .. almost enough for a PS3 !
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DrCoCoPiMp

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#4 DrCoCoPiMp
Member since 2005 • 4088 Posts
simple, get ANOTHER job
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MrGeezer

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#5 MrGeezer
Member since 2002 • 59765 Posts

simple, get ANOTHER jobDrCoCoPiMp

You don't need 5-10 thousand dollars to get another job.

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BDM666

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#6 BDM666
Member since 2006 • 7922 Posts
Invest it maybe?
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Headbanger88

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#7 Headbanger88
Member since 2004 • 5023 Posts
You can always invest a bit of your money on a nice stable stock.
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THEDJXL

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#8 THEDJXL
Member since 2007 • 252 Posts

Invest into a Teflon vest, hat, and fully automatic Uzi.
Than put the rest into drugs..... Illegal Drugs.

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MrGeezer

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#9 MrGeezer
Member since 2002 • 59765 Posts

Invest it maybe?BDM666

Yeah, but that's the "cliched" answer.

I want some creative answers. Like, Kevin Smith and Robert Rodriguez took their meager funds, used them to make movies, and became horrible but wealthy filmmakers.JK Rowling took her meager funds, used it to get her book published, and now she's a billionaire.

Of course, all those people had at least some amount of "talent", but that's not the point. They are just EXAMPLES of people who succesfully turned a little bit of money into a lot of money. But there are lots of other smaller examples that have been done. Some people use their small capital to set up small online businesses. Of course, I suspect that most of those businesses end up failing, but that's not the point either. I just want IDEAS.

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Def_Jef88

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#10 Def_Jef88
Member since 2006 • 17441 Posts

Here comes the obligatory...

[spoiler] spend it on college [/spoiler]