WHAT CAN I INVEST ON (MAKE A PROFIT ) WITH $3,000?

{ 4 comments }

Geeeyaaa May 11, 2011 at 6:16 pm

Go to Europe and buy a bunch of designer bags.

Sell them on Ebay and have proof you bought them there.

babyto May 11, 2011 at 6:18 pm

Why don t you buy shares with it.

phillipfostercpa May 11, 2011 at 6:27 pm

This is a great question similar to the one I asked, way back, in 1981! Back then, I was thinking in terms of gold, silver, stocks, mutual funds (not many people knew about mutual funds, back then).

My then-employer, another CPA, surprised me with his answer which was, “The best investment is the one you make in yourself!”

Now, before you go out and spend any money on tools to build hand-made buggy whips, it is crucial to do a bit of market research and find out what is demanded (what people will pay money for, for what they want/need to buy). Once you have that information, you will want to decide if what the market demands is something you will want to, and be able to, supply at a meaningful profit, for yourself.

In my case, I positioned myself to supply my God-given brain power, which did not involve a large outlay of money to buy major equipment, etc. All it took was a little education.

Education for $3,000 or less? Where do you get that?
It depends. I would ask you what your personality type is, i.e. http://www.thecolorcode.com and try to determine what your aptitude is, and we can go from there!

If you want to do something like I do, and you are a people-person, Hartman Color Code “Yellow,” for example, training and licensing could well be half of that $3,000, and you may have launched a great life-long career!

For additional information, you may wish to go to my website at http://www.phillipfostercpa.com/profile.html and email me, using the Free Consultation Form. I will be glad to help!

Phil

Pepper May 11, 2011 at 6:29 pm

You can buy some stock, buy I bonds, Start an IRA, or talk to an investment rep at your bank for advise.

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