What if I gave you $1,000... 💰 LifeStart
So... What if I gave you $1,000 and asked you to double it for me in a month?
What would you? How would you make that happen?
I want to see realistic answers and I don't want to hear that it is NOT possible.
I already tried this before on my Instagram account and I had over 10 people say it's not possible.
Here are the suggested categories I got from Instagram users:
Sales of physical goods
Sales of virtual goods
Investing in creating a content that will pay
I want to see your idea. Not how others do it. With your abilities and knowledge...How would you double the money 💰 within a month?
Cool... I actually did some sort of an experiment like this around December 2019
Used 1k worth of BTC and put it into Nexo and then used that to take a $500 USDT LOAN using the BTC as my collateral about 0.13 was the total so $500 was around 0.065 btc
With the loan I bought about 3.85 eth making my total assets to 0.13 btc (around 1k usd locked in Nexo as collateral) plus 3.85 eth worth around $500
With the 3.85 eth.. I held it and did a bit of safe trades any managed to get it to about 4 ETH.
Today's total...
0.13 btc - $1332 locked in nexo
4 eth - $1133
Total Assets : $2465.. And if I pay back the loan of $500 from Nexo total asset would be $1965 .. Minus a less then 5 usd in interest as nexo charges a 5% Apr with min 1mth loan.
That's the my method which I'm sharing with you and it seem to work pretty nicely.
Now will it work in a bearish market ?? Well.. I started hedging my coins since btc was around 6k and its how long you can hold. At 5% Apr on loans without needing to follow a payment schedule and just need to pay the accrued interest, it seems to work very well.
This is just my own way of doing it and I just wanted to share it with you. Cheers buddy.
You can buy some broken/ruined things, like furniture, toys or anything else. Repair and sell it, also work with technological things.
You can otherwise partecipate in an auction for something.
That's I think the only way to not risk your initial money so much.
Obviously there are crypto, leverage and many more stuff, but in wrong hands, money could be lost.
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I love the furniture restoration idea!
Thank you for your opinion!
Your are welcome buddy!
Have a great day!!
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To get a 100 percent return profit from Gh1000 in a month, I will invest in my Photography gear which is already working . But to start from scratch, I will try trading
Don't think in short terms. I'd invest it in the Stock Market as I already do it right now. No 100% gain in 1 month, but passive income in the future. 📈
Awesome it would be. I will purchase steem, SPORTS, LEO, DBLOG Tokens and in 30 days, I would recover 150% of the Investment. Anna try it?
I wouldn't... if you gave me $1000 to try and double it in a month, I'd probably lose half of it before stop trying. 🤪
😂 but don't think that way.
If you are seriously interested in making money all you need to do is be around those that have successfully done it and still doing it.
I'm not talking about millions and billions, just to provide comfort for yourself and family
Live is beautiful when you can provide your family
You got a 8.33% upvote from @minnowvotes courtesy of @pocketechange!
I'd want to spend it on growing an online business, but if you really needed to see $2k in a month I would probably just cruise estate sales and small town thrift stores to make a quick haul on ebay and etsy.
Basically buying from garage sales and profiting from things that may be sold for more on eBay.
Excellent idea!
Unfortunately garage sales is not a thing in my friends circle (or anywhere else I know) in my country (Hungary). My friends are people with disabilities, just like me (I live with multiple disabilities), and disabled people are usually more kind to each other than to make profit on each other. They usually give things to other disabled people for free to help them, which is good. I am speaking from experience. I have also received various things from them, and I do not even know multiple of them.
Invest in steem.
That is probably not gonna double it in one month. Only if you are lucky.
It already did mate
Yes, it did. But not everyone was lucky to catch it with their trading.
High risk but very very feasable(i already did it): I would invest them in some very very price swinging crypto and would use my trading bot to do profits in the swinging markets. If price swing is constant and periodical you can make even more than 100% your investment. I once did little more than 40% ROI just in 3 days.