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Making money...

Discussion in 'Other Off Topic Forum' started by lesterm, Dec 21, 2003.

  1. lesterm

    lesterm Formula Junior

    Nov 3, 2003
    608
    Durham, NC
    I remember reading a post on another message board from a teenage member who was driving a Mercedes that he purchased himself by selling various items on eBay. He said he made 'XXX' dollars, etc. The amount of money, as well as the whole story, is quite irrelevant, however, because a later post by someone prompts this inquiry. The post said something to the effect of, "anyone can make $XXX a month, the trick is doing it consistently." Now the penny drops. Let's not focus on how one can make $10,000 a month for the rest of his life. What I want to know is, how would YOU, if you needed to, make $5- or $10,000 (nothing illegal of course). Let's make this little inquiry a even more interesting.

    A few scenarios:
    1) You have $100 and need to make $5,000 in two months or less.
    2) You have $1,000 and need to make $5,000 in two months or less.
    3) You have $5,000 a need to make $10,000 in two months or less.
    4) You have $10,000 and want to turn that into the biggest number possible in two months or less.

    Pick a scenario and tell me what you would do. I think it would be interesting to see what ways people come up with to earn money.
     
  2. jordan747_400

    jordan747_400 F1 Veteran
    Lifetime Rossa

    Dec 9, 2002
    6,926
    Houston, TX
    Full Name:
    Jordan Witherspoon
    Cool post, the first scenario applies to me being a starving college student :) I cant wait to see what you guys come up with! Hopefully Ill learn something!
     
  3. BRaskin

    BRaskin Rookie

    Nov 13, 2003
    17
    Been trying to figure this one out for quite some time and now im down to a deadline so im ready to hear some suggestions. I have till June to try and make 5 grand. So I have over the 1 or 2 month period but Im open to suggestions. I have about 1500 to invest or do with it what I can. And Im going to be working to get the rest of the money regardless but I would love a way to make the 5 working and another 5 just but doing what ever. So anyone, someone make some suggestions.

    1.Ebay... Deff one thing Im gonna try to do but I only have so much
    I can sell.
    2.Cars.... Looking into selling cheap used cars, buy a 500$ car sell for 1500.

    3.Im open..... give me some suggestions.


    The money is for a trip around the country with a buddy. We are gonna get in a car June 1st each with 5 grand and try and make that last as long as possible.

    Thanks Brad
     
  4. wax

    wax Four Time F1 World Champ
    Advising Moderator

    Jul 20, 2003
    41,744
    SFPD
    Full Name:
    Dirty Harry
    Moneymakers are getting younger and younger.

    Easy way: Take $100 to a Casino. Win Jackpot. Fiancee won $5K+ (total) last year on 4 jackpots in Palm Springs in 2 1/2 hours. Only reason we stayed that long was because that's how long it took us to get there that day.

    Hard way: Paint. Some years ago, I earned $6K in 3 months doing stripping (no, no, no ya pervs!) & hand-brushed paint jobs in a couple of Writer/Directors/Producers homes. Part Time, as I was also working my regular job.

    *Liquor stores: You'll need an unregistered firearm and a ski mask...

    After you get out of jail, go back to the Casino or Paint, m'kay?

    Disclaimer:
    *For entertainment purposes only. I have not done anything like this, nor do I know anyone who has, nor do I condone any such action. No animals were harmed in the making of this annotation.
     
  5. BRaskin

    BRaskin Rookie

    Nov 13, 2003
    17
    lol, Yea i thought of that too. I live about an Hour from Atlantic City. So I figure if I gets down to the line I take a trip and plop it down on red and close my eyes.

    lol, that is my last resort!


    Keep the ideas comming
     
  6. JimSchad

    JimSchad Guest

    find a house that is for sale for 30% or so under market value. Put a contract on it to purchase it and use the $1500 as your earnest money and option fee and get the longest period the seller will allow to close the deal.......30 to 90 days max probably. Then re-market the house yourself in the paper or through a local real estate investor club. Market the house at the price you paid for it or a bit more. But also tell them their is an assignment fee of $6500 ($1500 you used plus the $5000 you need). Assign the new buyer your option to purchase. New buyer gets a house under market value that they can keep or flip for a quick buck and you get your cash.

    You never have to actually buy the house. If you go to www.aireo.com which is a local Dallas investment club you will see under properties for sale that TONS of people sell their options and make thousands every time they do. Of course it takes some effort to find the deals, but that is why you get paid!
     
  7. DropGems

    DropGems Formula Junior

    Nov 4, 2003
    407
    Atlantic City, NJ
    Stock market & Gambling.
     
  8. Ontogenetik

    Ontogenetik Karting

    Nov 2, 2003
    149
    another option, which may beget one more than money



    11 November 2003

    HELEN R. PILCHER

    Receiving cash boosts oxytocin levels.

    Trust begets trust - and the hormone oxytocin, research reveals. The chemical messenger may help humans to bond, researchers told this week's Society for Neuroscience Annual Meeting in New Orleans, Louisiana.

    People's oxytocin levels rise when they receive a signal of trust, says Paul Zak from Claremont Graduate University in California. Those with the highest hormone levels are more likely to be generous in return and so are more trusting, he says.

    Zak's team gave 19 people $10 apiece. Each person was invited to share their reward with an anonymous recipient. The recipients' money was then tripled and they were allowed to send a share back to the donors. The researchers found that 54% of recipients returned money to donors. Those who gave and returned most generously had the highest oxytocin levels.

    Women in the study who were ovulating were less likely to be trusting, the team also found. This makes sense, says Zak. Females who could get pregnant need to protect their resources. And they need to be selective in their interpretation of social signals so as to choose the best mate, he reasons.

    The study may also shed light on the causes of autism, says neuroscientist Richard Frackowiak from University College London: autistic people often trust too much. Oxytocin sends signals to cells in the amygdala - a brain region involved in emotion and social behaviour and implicated in autism.

    Oxytocin prompts new mothers to release breast milk, strengthening the bond between mother and child. Touching boosts oxytocin levels in rats. The chemical also suppresses stress hormones.
     
  9. ILuv4Res

    ILuv4Res F1 Veteran
    Owner Lifetime Rossa

    Aug 8, 2002
    6,500
    Full Name:
    Fred
    This reminds me of a comedian who had the following advise on how to make a million dollars.......ok, first start with 1/2 million dollars, then.....
     
  10. BRaskin

    BRaskin Rookie

    Nov 13, 2003
    17
    Don't need a million dollars only 5k but I guess if I could start out with
    2500......
     
  11. Texas Forever

    Texas Forever Three Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    38,914
    Texas!
    1. Buy low and sell high.

    2. Buy high and sell even higher.

    3. Advise people to prepay their accountant...
     
  12. Erich

    Erich Formula 3

    Sep 9, 2003
    1,138
    Poway CA
    Full Name:
    Erich Coiner
    How to make a small fortune running a machine shop (insert business of choice here):


    1. Start with a large fortune.

    Ba Da Bump!

    Erich
     
  13. Challenge

    Challenge Formula 3

    Sep 27, 2002
    1,492
    PA
    Full Name:
    Kevin
    Perhaps. But this thread is about money. Go back to academia.
     
  14. ernie

    ernie Two Time F1 World Champ
    Owner Lifetime Rossa

    Nov 19, 2001
    21,821
    The Brickyard
    Full Name:
    The Bad Guy
    Lets see

    $100:
    Go to Home Depot buy a squeegy, scruber, bucket, hourse hair brush, extention poll, get some old towels, and dish soap. Start washing windows. You can make anywere from $70 - $140 a house. When I needed to make some extra cash thats what I did. I even had a small route that I did. It takes some hustling to get the work, but the work is EASY! It take about 1,1/2-4 hours to clean a house. Depending on if you clean only the out side, or both in and out. Also the size of the house. Once I had a little route established, I made some easy cash. But like I said it takes work hustling the accounts. I worked about 8-10 hours a week, not counting driving time, and pulled in $1,200 a month. That was with only twleve stores hitting them twice a week. You wanna try and average your time so that you get about $35 an hour for your work.

    $1000:
    Buy a used car, detail it inside and out, tune it up, mark it up, sell it. Repeat.

    $5,000:
    Same thing as above but with dealer auction cars. Find some one with a dealers license and go to the dealer only auctions. DO NOT go to the public auctions. I repeat DO NOT go to the public auctions, only the dealer auctions. That is were you will get the deals that you can make money on.You want to make at the least 10% more than what you pay for the car. Try and pick what is popular.

    $10,000:
    Buy a house, fix it up rent it out, or flip it for a profit. The fastest money you can make is on a brand new house. The trick is that you have to get in on the first phase. Each time a new phase is opened the prices go up. An ex-neighbor of mine does this. It takes 8-10 months for the house to be built. All you have to do is put down a depost holding the house. You don't make any mortgage payments until the house is finished being built. So you have that amount of time to find a buyer. Being that the market right now is freekin crazy, this is the time to do something like this. The catch is having the money to carry the mortgage if you don't find a buyer right away. Back to my ex-neighbor, this guy bought a house and even before it was finished being built he made $50,000, for doing jack squat. The last time I talked to him he was already on the fourth house after the one that I just mentioned.

    Anyway hope this gives you some ideas.
     
  15. BRaskin

    BRaskin Rookie

    Nov 13, 2003
    17
    Cars is a really good moneey Idea, but this time of year well atleast where I am its took cold to sell. Excellent time to buy but I gotta sit on the car till its warm to get the high $$ and then I run the risk of cutting myself to close on time to sell it and when I have to leave. But I have one car sitting already for some nice weather to hit. 88 Acura Legend 100K+ miles needs some cleaning and a tune up but I got the car for free so thats some money.


    More Ideas PLease.


    Love the window washing idea. Also Im sure that gutter cleaning or something would work just as well.

    Brad
     
  16. davem

    davem F1 Veteran
    Silver Subscribed

    Jan 21, 2002
    5,124
    Stepford, Connecticut
    Full Name:
    dave m
    Just paid a guy 115 to clean an fix my gutters.
    Easy money if your not afraid of heights.
     
  17. jordan747_400

    jordan747_400 F1 Veteran
    Lifetime Rossa

    Dec 9, 2002
    6,926
    Houston, TX
    Full Name:
    Jordan Witherspoon
    Thats a damn good idea. I think Im going to give it a shot! Thats good money for an 18 year old.
     

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