How would you INVEST your FREE TIME to make more $$$?

Discussion in 'Wealth Creation & Management' started by rara200284, Jan 17, 2015.

  1. rara200284

    rara200284 New Member

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    If you hypothetically had 10 hours a day to just sit around home, how would you invest in your time to make capital?

    Would you just simply get a job? Or is there another solution?

    I would like to know how to invest my free time. I try to study the markets especially when it comes to precious metals, but what else can I do in my free time to increase my value?

    I am also taking college courses as well.
     
  2. rara200284

    rara200284 New Member

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    And as much as I love silver/gold, I can only sit and wait on it at times. What else would you do to make your time valuable in regards to gaining capital?
     
  3. mrg9grn

    mrg9grn New Member

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    Practice a trade like welding or wood carving
     
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Get an apprenticeship. Not painting!! :)
     
  5. willrocks

    willrocks Well-Known Member Silver Stacker

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    I'm doing a bit of carpet cleaning. I got the equipment from a deceased estate for a steal.
     
  6. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    Get hit by cars then sue the drivers
     
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  7. willrocks

    willrocks Well-Known Member Silver Stacker

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  8. Golightly

    Golightly Well-Known Member Silver Stacker

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  9. House

    House Administrator Staff Member

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    Get good at buying, renovating and flipping property. That'll keep you out of trouble ;) Otherwise write down a few business ideas and get started on one of them. Might as well use the time wisely.
     
  10. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Hobbies used to cost you money but now there are so many people with free time you might be able to make some cash. Get involved in a hobby, then start looking around for bargains to resell to other hobbiests.

    I often by items in bulk for my hobbies, then sell them on to people I know. I get mine paid for and they get theirs for less than retail.

    You already have a hobby in bullion, why not try learning more about numismatics, see where that takes you.
     
  11. ego2spare

    ego2spare Active Member

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    ....ehhhhh now u tell me..
     
  12. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    This can work if your sharp and you know your stuff and most importantly know the market your in. I used to (still do occasionally) make a little money buying and selling camera gear. I focused on olympus gear, film and digital, because I knew the products fairly well. With a few bookmarks I could go through pretty much every olympus camera and lens offered for sale publicly in australia in about 25 min a day. The big money is in ads where someone hasn't advertised their stuff properly, which is where knowing your stuff comes in. I bought an E-3 and 12-60mm lens for $275 once. It was advertised as olympus DSLR with missing battery but I knew it by sight. Not being able to turn the camera on would have instantly put people off but I had my own and it worked properly. I kept that kit but if I had to buy another at the time it wanted to sell it it would have been worth $800. Sometime a bargain is well advertised and it's just about speed and sometimes it's about doing a little detective work to figure out what someone is actually selling from the out of focus phone pictures they posted.

    After a while you become a bit of a conneseur of these sorts of ads. It's all in the little details.

    Thing is I was going a little camera mad so I would have been checking ads anyway, I just did it with a little more regularity.

    Doesn't take much capital, the trick is to jump on a bargain when a real one pops up. After that it's just a matter of being patient when you ask for a fair price. Pick something you know about already or could learn about and follow the gumtree and ebay ads for a while and see if something jumps out at you. Start small, maybe with a single product from a single company and branch out slowly. Look for high turnover items, I got a few mad bargains that I made money on but only after months.

    I know motorbikes are a popular one. Particularly learner bikes because there is so much turnover they are almost commodity items. People buy them when they get their license in the summer time and then sell them at a huge loss in winter or when they get their full licenses. It's a big steady market and often if you have the cash with you on the day you can get a few hundred off any advertised price. If you don't mind holding on to the bike for a few months until the weather improves you could easily make 10-20% on each one. I know someone who buys a new bike each time the winter weather comes in and sells it every spring.
     
  13. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Trade. It pays well, but can be very time consuming.
     
  14. ego2spare

    ego2spare Active Member

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    become an uber driver.
     
  15. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    Grow dope :lol: :p
     
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  16. smk762

    smk762 Active Member Silver Stacker

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    Start a cult. It's tax free.
     
  17. rara200284

    rara200284 New Member

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    What do you mean by trading? Stocks and day trading?


    Thanks for the tips guys!
     
  18. Tennessee

    Tennessee Member

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    Get a 2nd job and use every penny of it to pay off debt
     
  19. SilverDJ

    SilverDJ Well-Known Member

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    What are you interested in?
    Spend your time on that and how to make money from it, or associated with that in some way.
    Then whatever you do won't be a "job".
     
  20. SilverDJ

    SilverDJ Well-Known Member

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    Can be anything. Get specialist knowledge in some field, and then trade stuff on ebay or other places. You can make huge margin for example on buying stuff on ebay from overseas and then cleaning up and reselling locally for double or triple what you paid for it. Because many people generally don't trust buying from overseas.
    Lots of people make a living going to large industry auctions and buying by the pallet load, then offloading them individually on ebay.
     

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