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Hi My father-in-law is offering me 10k 2 try and double it buy selling goods and if i do i keep all the money i have 1 month and im not allowed to do stocks or shares. any ideas?
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Well, the outdoor car boot season has arrived with Easter. You could go to a wholesaler, buy a load of stuff and try reselling it a a profit at car boot sales but if you're not a genuine car-booter you may need a licence from your local council and you'll have to pay tax on your profits. A month isn't very long. If you have green fingers you could sow tomato, bean & other seedlings and sell them when they're bigger but I doubt if you could cope with the quantity you would need to to produce to provide that level of profit. Or if you don't value your life much you could always submit yourself for one of this new drug trials and end up in a coma for several months. Perhaps you father in law is just trying to teach you the valuable lesson that there's probably no easy way of making quick money ???
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mmm Deal or No Deal? springs to mind.... give him a box with 20K written inside it...
I would not accept it.
1: You receive 10K
2: To sell goods, you first got to buy goods.
3: What goods do you sell & where can you buy them
4: They would need a 100% markup to double your money
5: Where do you go to be able to sell them all in 1 month
6: You don't sell all your goods and haven't doubled your money
7: You now owe 10K to your father in law and you're left with stock you dont want nor need
8: You starting to get my point? When you could skip the hassle and forget it.
Its a pointless exercise unless you was going to use the money to start your own business, and if you were - try looking around for franchises where you buy a business with proven methods of making profit, so long as you have the money to invest, time, energy & commitment.
I would not accept it.
1: You receive 10K
2: To sell goods, you first got to buy goods.
3: What goods do you sell & where can you buy them
4: They would need a 100% markup to double your money
5: Where do you go to be able to sell them all in 1 month
6: You don't sell all your goods and haven't doubled your money
7: You now owe 10K to your father in law and you're left with stock you dont want nor need
8: You starting to get my point? When you could skip the hassle and forget it.
Its a pointless exercise unless you was going to use the money to start your own business, and if you were - try looking around for franchises where you buy a business with proven methods of making profit, so long as you have the money to invest, time, energy & commitment.