Ok so here it is: My boyfriend and i have just moved into our first appartment, we both have jobs and make "decent money."However, we aren't making enough 2 really enjoy our stay there so i've been trying to think of different side jobs that i could do 2 earn extra cash. My father is a good investor, for instance he buys sailboats for a reasonable price that need work and then fixes them up and sales them for a much higher price. Well, obviously i don't have the money 2 buy a cheap sailboat so i was wondering if you could give me some ideas 2 help me out! So far i've thought of many things but not what i'm looking for ie: garage sales, and selling things i make @ a Flea Market.
Anything you have 4 an idea would be great!
Thanx
2006-07-08 11:56:43 · 4 answers · asked by streetdestroyer 2 in Business & Finance ➔ Investing
If you make decent money then invest it. Trying to make small amounts off retail products isn't going to get you very far unless you can mass produce. Invest in your father, offer him 5 or 10 percent of the cash needed to purchase a sailboat, leaving him more capital to put into additional boats - perhaps he can buy more than one at a time - in exchange for use of your money, ask for a portion of the profits. Ask if you can apprentice under him for a while and start a father/daughter business. This will give you a future to pass on to your children one day.
2006-07-08 15:21:02 · answer #1 · answered by KG 1 · 0⤊ 0⤋
Move.
Honestly, that is the best answer. Maybe move back in with your parents rather than "living with your boyfriend". This may sound like an ethical/moral judgement, but it is actually a financial assessment.
If you are not making enough money to "enjoy your stay"...that's hard to quantify. However, if you are working a SECOND JOB...you won't be enjoying yourself any more than you are now. If enjoying your stay is your priority (which is what you said is your goal) than reducing your expenses and/or responsibilities would be the correct approach.
Read the book: The Millionaire Next Door. If you do that...you will set your life on a course for future prosperity. (no, I didn't write it)
Flea markets...if you actually are able to sell stuff there... it must be cheap... it must be easy for you to make...AND you must make enough money to PAY FOR THE SPACE. Flea markets are not FREE places to sell your goods...you must actually pay for your space and therefore must have goods that will DEFINITELY sell....or else you'll have even less money at the end of the day. (plus you'll need a table/tent/etc)
If you haven't gone to college yet...go. It is NOT an over-rated piece of paper (despite what other uneducated people may say). You shouldn't rebuild boats without learning how first...don't try to "make a career" without getting the proper education first. Some of it will seem unnecessary...but most of the classes will teach you something more about life, yourself, etc.
Otherwise... work overtime at current job....be more dedicated and get "promoted" (a raise?) etc....all require little more commitment. Put a small amount of money away every pay period into your 401k (or whatever they have like it). If nothing else you can use $10,000 from it "penalty free" to buy a 1st home someday.....a first step to financal "wealth-building".
Short-term...yep, work a second and/or third job...you won't see that boyfriend anymore...the relationship will likely end... you will end up having moved into an apartment with him and paying shared rent with someone you no longer see anymore...so,....therefore.... the idea of moving back in with parents...less expenditures, more money to "enjoy your stay"...and you still have more free time to spend with him and more funds for both of you.
2006-07-08 21:18:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are creative, try making art and UNIQUE jewelry to sell at flea markets...Like you said. Have a lower price than everyone else... And trust me, You'll profit from it. Be a dog walker in the evenings, babysit, do whatever it takes. Find a side job that fits something unique about you, because that's what will be better for you in the end because you will be able to put in sincere effort. Good luck.
2006-07-08 19:04:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
havent got an answer yet?..i'll come back
2006-07-08 19:04:31 · answer #4 · answered by . 4 · 0⤊ 0⤋