There are a lot of ways to make money if you have money. You don’t have to turn to complicated businesses or ordinary ways like bank C.D.’s. And you don’t even have to use your money. If you have credit cards, for example, you can get cash advances, and make money with the cash. These are ways that aren’t quite a business because you can do them once or only when you feel like it.
Invest In Other’s Expertise
My friend John had to show me several car magazines before I understood why an old fiberglass car was a good deal at $2,300, because I know nothing about cars. When he eventually convinced me to put up the money, it needed a new transmission for $900. Fortunately, he sold the corvette for $4,300, netting us about $1,000. I took half the profit ($500) for putting up the money for the two weeks.
I used to do this quite a bit years ago, and only once lost $50 or so on a car. I knew nothing about cars, so I did it with friends that know cars but don’t have cash. By the way, if I had paid 18% interest and a $50 cash advance fee to raise the money with a credit card, my profit would still have been over $400, and...