How to multiply 500 dollars ? When an extra $500 comes your way, what do you do with it? Do you put it toward debt? Head out for a good old-fashioned shopping spree? Or does it disappear into the black hole of spending that plagues so many individuals and families?
Investing is buying something worth $100 and paying $70 for it. You are pretty certain you’re going to make money almost no matter what happens. That’s investing.
Gambling is paying full price for something and then hoping it goes up. If you’re going to invest a small amount, you first want to consider how much the thing you want to invest in is actually worth.
There are some really great deals to be had on Craigslist, especially if you live in a metro area. There’s no shortage of furniture available for sale on sites such as Craigslist. If you can find a niche where you have experience, then flipping those items to sell either back on Craigslist or through other websites that will buy items. Take advantage of these great deals by scooping up low-priced furniture gems and re-selling them for a profit.