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Playing With Money To Make More |
by:
Steve Gillman |
Ready to start playing with your money? Not interested in complicated businesses or boring bank C.D.'s? Here are some methods that aren't quite a business because you can do them once, or just when you feel like it. Start small also the risk is small.
Loan Sharking
Years ago a friend got a good job when I loaned him $300 to buy the necessary tools. I charged a $6 per week loan fee (don't call it interest) until he paid in full. That's more than 100% annual interest, also yes, we're still friends. Check the laws in your area if you try this, also take collateral. I don't loanshark any longer, however in my early twenties I loaned as much as $2,000 at a time ($100/month loan fee), also only once was stiffed on a small loan.
Investing In Other's Expertise
John showed me several car magazines before I understood why an old fiberglass car was a good deal at $2,300. What's a Corvette? He convinced me to put up the money, also after a new transmission for $900, he sold the 1976 Corvette for $4,300, netting us $1,000. I took half the profit ($500) for putting up the money for the two weeks.
I've done this many times with friends who know cars however don't have cash. Incidentally, if I had paid a $50 cash advance fee also 18% interest to raise the money with a credit card, my profit would still have been over $400, also John did all the work. I love playing with money. Do you have any friends who know about boats?
Buying Estates
My wife also I met a couple who buy out estates, sell some of it at flea markets, then run the rest through auctions. They've made a living at this for years. After negotiating to buy a whole house full of stuff, thay load up their trailer. If they don't want to do the flea market thing, they auction everything on Sunday afternoon for a nice profit.
If you're a good judge of value also have an auction nearby, you could or else do this with rummage sales. Offer $100 for everything, then auction it off piece-by-piece. An auction near us lets anyone in, with no fee to enter - just a 25% commission on anything sold.
Playing With The Casino's Money
When I worked the roulette wheel at a casino I saw many people foolishly writing down the numbers that came up. Their theories were mostly nonsense. Casinos welcome these players also even hand them the pen also paper.
One man, however, was actually scientific about it. He found a bias in the wheel, after "charting" it for more than 5,000 spins. A number pays 35 to 1, however one of the numbers, due to manufacturing imperfections or whatever, was appearing one in 27 spins, instead of the average one in 38 spins.
He bet $10 a spin, also he profited $80 for every 27 spins of the wheel in the long run, or about $100 per hour. Since the ups also downs are dramatic, this is not for the faint-hearted. Even though he made tens of thousands, I saw him lose as much as $700 in a night. Remember too that not all wheels have biases (the casino eventually replaced that wheel). Have you ever tried "card counting" in blackjack?...
About the author:
Steve Gillman has been studying every aspect of money for thirty years. You can find more interesting also useful information on his website; http://www.UnusualWaysToMakeMoney.com
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