Playing With Money - And Making More

Ready to start playing with your money? Not interested in complicated businesses or boring bank CDs? Here are some methods that are not quite a business, because you can do it again, or just whenever you want. Start small and the risk is small.

Loan sharking 

Years ago a friend got a good job when I borrowed the necessary tools to buy it. $ 300 I pay $ 6 per week loan fee (interest does not call) until paid in full. That is more than 100% annual interest, and yes, we are still friends. Check the laws in your area if you try this, and take collateral. I no longer loan shark, but in my early twenties I borrowed as much as $ 2,000 at a time ($ 100/month loan fee), and 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 is a Corvette? He convinced me to get the money, and after a new transmission for $ 900, he sold the 1976 Corvette for $ 4,300, netting us $ 1,000. I took half of the profits ($ 500) for putting up the money for two weeks.

I've done this many times with friends who know cars, but to have. No cash Incidentally, if I had paid to raise money with a credit card, the money a $ 50 cash advance fee and 18% interest my profit would have been $ 400, and even John did all the work. I love playing with money. Do you have friends who know about boats?

Buy Estates 

My wife and I met a couple who buy out estates, sell some of it at flea markets, then run the rest through auctions. They have made a living at this for years. After negotiations for a whole house to buy things thay full load their trailer. If they do not want to do the flea market thing, they all auction on Sunday afternoon for a nice profit.

If you are a good judge of value and have an auction close, you can also do this with flea markets. Offer $ 100 for everything, then auction it off piece-by-piece. An auction with us can, with no fee to enter everyone - only 25% commission on everything sold.

Playing With The Casinos Money 

When I worked the roulette wheel in a casino I saw many people stupid writing down the numbers that came. Their theories were mostly nonsense. Casinos welcome these players and even give them the pen and paper.

However, a man 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, but one of the numbers, due to manufacturing defects or what was recorded in one 27 spins instead of the average 1 in 38 spins.

He bet $ 10 per spin, and he profited $ 80 for every 27 spins of the wheel in the long term, or about $ 100 per hour. Given the ups and downs are dramatic, this is not for the faint of heart. Even though he made ten thousand, I saw him lose as much as $ 700 per night. Remember too that do not have prejudices (the casino eventually replace the wheel). All wheels Have you ever tried "card counting" in blackjack? ...