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Loan out $1000 to 20 different people @ 10% interest. Spend the remaining 5K on hire hands to regain your money in case of runaways. Also, make sure the repayment terms end prior to your pay back date. To be safe give yourself a month buffer and be certain the hired hands are experienced. Boom one year later you just made yourself 2500, if not more due to people re upping their loans.
Or you could just forget the loan and go out and earn 25K extra by working, since it might be easier. |
| 01-18-2013, 12:37 PM | |
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I can't believe all the horrible advice in this thread.
Investments? Savings? Bonds? International Currency? Under the mattress? BAH! The best option is so obvious I can't believe no one has mentioned it. Just wait until the next uber hot deal comes along on SD. Something along the lines of the HP TouchPad price drop. Or the $450 StarBucks Gift Card. Then, buy $25,000 worth. Sell on eBay/CL and pocket the difference. You could easily double your money in a month. Rinse and repeat for a year. In the end, you could turn that $25k into $250k. |
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-The San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region that surrounds the San Francisco bay in Northern California.
-The Bay Area is home to approximately 7.2 million people. -The San Francisco Bay Area is one of the wealthiest regions in the U.S. |
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Last edited by nrdk00; 01-18-2013 at 02:26 PM.. Reason: Automerged Doublepost |
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One of the best recent deals I saw was for the Jawbone Jambox. If you aren't familiar with it, it's an overpriced ($199 retail, $150 commonly priced and ~$130 on sale) battery powered bluetooth speaker. Very popular. Anyway, Cricket Wireless, who apparently has retail stores in some states (whodathunkit) decided to stop sell them and put them on clearance for $50. Since most people don't live near a Cricket Wireless store, they went to Best Buy to pricematch. I got one using this method, but it was like pulling teeth. Others however picked up a TON. One guy got ~100. It helped if you actually lived near a store, since BB doesn't technically price match far away competitors. The deal got even better when Best Buy had some special "buy a Jambox get a $25 Best Buy gift card" promotion one week. They would buy it for the discounted $50 price, get a $25 gift card at check out, and then sell the device for $120-130 on eBay/CL. So, with $25,000 and a post-tax price of ~$53 (6% tax rate) and a modest post-fee sale price of $105.... You could have made about $24,492 in profit, plus $11,775 in Best Buy gift cards. If you used those gift cards to purchase even more Jamboxes, which would have yielded you even more gift cards back, your talking about closer to $40k in profit! |
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