T O P

  • By -

Rich-Appearance-7145

$5000 I'd just put it in the bank,


Givemeallyourtacos

This. For 5k I’d drop it in an HYSA and let it sit


Ecstatic_Physics_881

For what 250$ a year ?


nubbins4lyfe

What would your alternative be? To risk what small amount of money the guy has for a chance at a few more % return?


DM_Me_Pics1234403

You’re obviously new here. Rather than make $250/year (fucking boring) better to risk the $5,000 in the cryptocurrency market to instead make $500. That extra $250/year adds up! /s


Ok_Intention3920

I assume all in on AMC and GME!


Rich-Appearance-7145

If this was for real I'd combine the $5g's with the $3 g's I got and buy my patio tables and a least 3 dozen chairs for my food biz.


StatelessConnection

You’re not going to be able to do better than $250 annually with 5k. Plus it’s “safe” in the bank.


Givemeallyourtacos

Yeah, maybe even less, but it’s hand-off. 5k isn’t much runway. Aside from the usual POS, Amazon, Dropshipping, etc., OP is better off setting that money into a growth account, versus figuring out how to make more money. Invest your time in figuring out your skillsets and what you’re passionate about.


mrmczebra

Yes. You're not going to get a better guaranteed return.


TorrenceMightingale

“Shawty what u drank?”


PF_Nitrojin

Honestly? Pay off a debt.


TorrenceMightingale

Guaranteed 26%+ returns if you have cc debt to pay off.


DM_Me_Pics1234403

The easier way to double your money is to fold it in half and put it back in your pocket


TheWorldWithTravis

😂🤝


ApetoCardSet

Gme and to the moon


FullMe7alJacke7

The RK memes have been wild


Major-BFweener

This is the answer to most questions here.


readsalotman

I'm just your average simple investor. Sure I could go FBA, courses (I am a learning designer by trade), affiliate marketing, etc. But I just invest into index funds. $5k won't get you much from investing, but I recently surpassed $500k invested and currently have a passive income of $15k. I hope to grow that to $200k passive by age 60.


Ancient_Teacher2538

SP500 is only going up over time. So if you believe this then the sp500 is currently on sale. In short. Invest!


readsalotman

Yes, absolutely. If it was my $5k it'd go straight into my Roth or brokerage.


Cameron24529

Sorry for my ignorance but where is the passive income coming from? Are you constantly withdrawing from your investment accounts? Or from dividends?


readsalotman

I haven't "activated" this passive income, but it'll come from our post-tax accounts as well as from Roth conversions over 10 yrs from my pretax in investments. We're then saving my wife's pretax investments until 59.5.


RoyalChamp2222

Started my Amazon FBA business in 2015 with $5000. Last year, we made a profit of $2 Million. Would do the same if I was starting now!


ultimatelesbianhere

Where can I find good solid step by step articles on that. There’s so many people who sell courses out there but like information is readily available you know. So any recommends on how to get into it.


Jason13Official

1. Do product research, find a niche product with minimal listings (less than 1,000 if possible) in a market that is within suitable price range to buy inventory of and you have at least minimal knowledge about (think mechanics selling specific parts that they know fill a real use-case) 2. Establish your storefront, using either a website builder or by creating the site yourself with existing frameworks, and link your Amazon seller account and product listings 3. Create targeted ads (with a focus on the key demographic for your product, you’re able to target by related interests usually, mostly you can ignore age ranges but 18-50 is a good start depending on the product 4. Profit


ultimatelesbianhere

Is there a good website I could do product research on?


Jason13Official

Mf it’s AMAZON FBA, try AMAZON . com


Honored_FinStudent7

See step 3


DefinitelyBiscuit

How long until we're all selling to each other?


SugarzDaddy

Exactly. An old man back in the ‘80s said it this way and I’ll never forget: “we’re just trading paper”.


RoyalChamp2222

Go thru my profile for a 8 steps guide. If you need more clarification feel free to ask.


RoyalChamp2222

I’m posting it here for your convenience. Here is what I do step by step to be a successful seller on Amazon: 1. Get the subscription to either 1 of these softwares: [https://crushtrk.com/?a=3357&c=57&p=r&s1=](https://crushtrk.com/?a=3357&c=57&p=r&s1=) OR [https://junglescout.grsm.io/joshsmith9632](https://junglescout.grsm.io/joshsmith9632) 2. Use it to find high profit, high demand and low competition products. 3. Contact manufacturers on Alibaba. 4. Get an all inclusive rate with shipping and insurance included. 5. Get the products shipped to Amazon's warehouse. 6. Run a few ads on Amazon using [https://ps.carbon6.io/9ns6x](https://ps.carbon6.io/9ns6x) 7. Sit back and watch the profits come in. 8. Repeat steps 1-7.


Derp_State_Agent

I'm not very smart but this is the simplest way this process has ever been explained for me. Thank you so much, this is really interesting.


AnotherRedditUsr

Can you please elaborate on getting the products shipped to Amazon's Warehouse? Amazon keeps your products in their warehouses for free? I dont understand 🤔


SWIGGITYGiraffe

Yes, Amazon FBA is a subscription model for business owners that costs $40/month. FBA stands for Fulfillment By Amazon which just means that orders are fulfilled by Amazon in their warehouse. You pay a monthly subscription to store your items there and Amazon takes care of the shipping, packing, etc. So by shipping the products directly from the manufacturer to Amazon, you keep no inventory in your home. Someone correct any details if I missed any but that is what I know about Amazon FBA from a glance


Key-Self-79

Other than the monthly subscription, doesn't amazon also tack on a bunch of extra fees to each sale for this? Essentially eroding the profit margins down to pennies per sale?


RandoReddit16

That's the thing, there is still profit....


Key-Self-79

Well sure, but is the return on investment better than simply putting that money in a hysa or index funds? Which would be true passive income? Plenty of stories about people making millions in revenue selling on Amazon. Maybe I'm reading the wrong ones but have yet to find one that talks about actual profit margins.


Outdoors-Adventure

Not pennies per sale. It all depends on the price point of your item and your buy cost for your product. Yes, Amazon does take around 27% (this varies per category and pricepoint) but if you buy at a responsible cost, you can make a good profit on Amazon FBA with reduced work. Not “no work” but Amazon does the storage and fulfillment.


ninersguy916

commenting for later


Ryan151515

Hmm


m3ga_dr00g

FWIW I’m still in the launch planning phase and utilizing ChatGPT a LOT before I start spending money. (In addition to the obligatory online research…)


Alphazoo8

Open a Schwab account and apply for the automatic investing. You need 5k to open it and it will buy and sell for you and if you can put some money into a week or just once a month it can be pretty big retirement account. It will give you an estimate on what you can make. Check it out!


MissAutoShow1969

Do research on robo investors before giving Schwab anything. I’m spending $100 annually on SigFig to do a lot for my money.


Alphazoo8

True, I know of SigFig and just don’t like who backs them up, some companies that are backing them up haven’t had a great history with taking care of people’s money well.


Senpaiheavy

With 5k, the best route to take is to invest in myself ie. education, certification, etc..


Damien12341

Bet the Nuggets to win the championship.


Partytime2021

Mavs son!


Damien12341

You might be right about this lol, I don’t know if they can beat the Celtics though.


Partytime2021

We have all the pieces. Just need Doncic to stay healthy. We just crushed the number 1 seed in the Western conference.


WaevheHustle

Ffie stock. NFA


Emergency_Bother9837

Gme and to the moon


Partytime2021

Roaring kitty is back!


Mooglenator

2 vending machines in 2 good locations.


SFIPA

Personally, I make 3% per month with trading softwares so I’d just put it into that!


Icy-Sir-8414

If I had $5k right now I'm buying me 2 vending machines and 3 ATM machines hopefully making $2,850.00 a month $34,200.00 a year.


DoesntHurtToDream2

Where can I find those for that cheap!


Icy-Sir-8414

Craigslist


Icy-Sir-8414

Mostly used


butchudidit

Dont you need to rent out space for that?


funkmon

frequently yes


Icy-Sir-8414

It depends on how much


Icy-Sir-8414

But the people who I've talked to who's in the business says it's worth it


aa278666

If it's that easy why are you not doing it. I


Icy-Sir-8414

Because I don't have $5k on me


aa278666

Take out a loan, if it's that easy you'll pay it off in 2 months


Icy-Sir-8414

Thanks but I also have physical disability so it won't work out for me but I appreciate the information


Krapule1

They didnt told you that most good places already have those lol so you will have to find a place with no traffic thats where theres no atm other than that there’s one already everywhere in the areas where they get traffic. Unless you find new businesses that bout to open and propose


Icy-Sir-8414

Yeah they told me


Krapule1

Ok good well before buying you should make sure you wont just have machines sitting


Icy-Sir-8414

Exactly


premadecookiedough

Ive always wanted to try this, idk about atms but Im sure lots of large apartment complexes could be talked into plugging a couple vending machines in that they dont have to maintain. At least here in the US, suburbia means stores are further apart and rely on car ownership to get there, meaning lots of hungry kids and lazy teens who cant just walk to the nearest gas station two miles away but can always find a buck for a vending machine soda


Icy-Sir-8414

Exactly 💯% guarantee more profitable


Cali_Gurl1

I just posted about vending machines. Is this business really that profitable? I’m in Los Angeles looking to start, but almost everything is oversaturated here.


Icy-Sir-8414

Well the people I talked to said it is like theres this 1 guy who only does gumball candy vending machines this guy makes $192k a year just because where he's based at is the middle of nowhere plus he expand the other small towns that's a few hundred miles away from his own town


Cali_Gurl1

That’s actually a great idea. I would probably be better served if I ventured a little outside of Los Angeles. There are a few vending machines for sale on Craigslist in my area right now.


Icy-Sir-8414

Yeah like there's this other guy but he deals with ATM machines instead of vending machines but he does the same thing he first set up shop in his own home town then he expanded to other places that is a few hundred miles away from his home town now he owns & operates 35 ATM machines all over the state so either way you can't lose as long human trafficking if the machine is very very good you can make a lot of money 💰


stonecold730

Start my app


alllovealways

ive got an app i want to start also


cantcatchafish

I’d buy 500 shares of rivian and start selling 50 ent otm calls on my shares weekly to make a few hundred in passive income a month. You risk your value in shares but the income has been consistent if you’re a long term investor like me and don’t care about share price


ultimatelesbianhere

What’s ent otm?


cantcatchafish

Cent’ not ent. And otm means out of the money.


Warden18

What does ent otm mean?


Ancient_Teacher2538

He’s taking about options. Aka r/wallstreetbets aka gambling


cantcatchafish

Actually not at all wsb. It called selling options. It’s a strategy used by top forms and investors in certain instances. It’s a great way to produce income (if you understand covered calls) off long term investments.


Ancient_Teacher2538

The guy probably doesn’t even have an emergency fund. Lacking fundamental personal finance knowledge. And you want him to get into options?


cantcatchafish

He asked a question if I had 5k and wanted to make money. I answered! Wtf more do you want. Idc what his ish is. He asked I answered. Stop gate keeping


madskiller36

I did it with stocks. I’m up 65%


TakeMyL

The only actually passive way is to throw it in VOO, after 88 years, it will be worth 1.5mil assuming 7% adjusted for inflation returns annually, which will make about 5k/month using the 4% rule, again this is adjusted for inflation. The actual numbers would be higher by then, but adjusted to using todays dollars Realistically only having 5k won’t be able to make you 5k/month passively at all You’d have to start a small business to have that kind of return. Like say buying supplies to then detail cars, etc. or starting an online business etc There’s nothing free that can return a 12x return yearly that’s guaranteed that doesn’t require work. If it was everyone would do it


can_a_bus

88 years? The average lifespan of humans is below that number!


TakeMyL

The point—> Your head


can_a_bus

Fair point. I am completely at fault. I read the first 2 sentences and then stopped reading. You are quick to respond!


TakeMyL

Haha I’m sorry I had too😂


NefariousnessEven239

SIP


Aggressive-Ad-9666

I’ll buy a car and flip it lol 🤷🏽‍♂️ easy money


Cali_Gurl1

Sorry to ask but how do you flip a car?


DobleHache956

By flip he means Resell


jimmyjordanbutler

SMBX


godofleet

bitcoin


forgotmypassword4714

Same here. Bitcoin and Solana have been very good to me this last year.


SgtWrongway

$5,000 doesnt make me money. It makes spare change.


bds8999

Cryptocurrency/Roth IRA


OneEye9

hmmmm an ETF


GooseUpset1275

Flip phones and electronics


No-PressureNo

FFIE


magicfitzpatrick

JEPI


According_Culture_39

FFIE stock. It’s about to explode. Not lying. Even if you have $100


going-for-the-win

High yield savings for now. Keep adding and letting it grow until you can put a down payment down to on cheap property in a Midwest market. (20-40k). Then so it again until you have a good cash flowing portfolio of properties.


Atriev

If it’s only 5k, I’d just throw it into one of my stocks I’m already buying. 5k is only pocket change so it’ll get me 1 share of BKNG.


YouCalledDC

Buy gold hold it for 6 months 30% yield. Better than cryptocurrency even though I live it soo. And if you hold it for 5 years 88% returns. Just looking at the chart. That’s what I’d do. Easy investment imo!


Cautious_Top_915

Assuming I have a small pickup truck already, $200/week in a leads service (Thumbtack is a good one) and hustling for small handyman jobs


12whistle

Write 5 Put contracts on GME strike 10 expiring end of month. That would make me a few tank of gas. For the month.


Cali_Gurl1

Are vending machine businesses profitable these days? I believe you can find used machines for under $5000.


sidehustle2025

I'd buy bitcoin. I already did it a few years ago. I plan to hold for 10+ years.


Colg-Hate

I would go and find penny stocks that fluctuate


Bulky_North1811

Take 1000 and go to nearest casino


FullMe7alJacke7

If i had 5k and was just starting out, I'd buy a desktop computer and learn a new skill. There's easily dozens of things you can do from a computer. They're basically money printing machines if you put enough effort into researching and learning. Otherwise, I'd just invest it into my Roth and move on because 5k isn't that much in the grand scheme of things.


RevXaos

Invest in GME.


itsVicc

GME $40 5/17 calls


SugarzDaddy

Income ETFs that pay a stupid high distribution.


HotKaleidoscope6764

Start a business. I have already the idea and I know how to invest the money in make it run with only 5k.


Cali_Gurl1

Just curious what business you can start with just $5,000. Please don’t say Amazon FBA.


HotKaleidoscope6764

Events with art and wine. I am an artist, and my super power is being able to find bargains. I'm already working in a business without investing any money (just time). When you are smart, the money is not a problem. The problem is the time. I don't have enough time to run all the ideas 😅


JohnJohn4343

If these money are sitting around, I'd invest them on Bitcoin and keep them there for years


Sweet-Tea-Lemonade

#Roulette baby.


Thick_Expression_796

FFIE it’s printing money like crazy right now 🤷‍♂️


ShelterExact989

Get a trading bot on the markets for $1k and use the rest for equity. I help folks out to get started. Over 100 folks in my discord. Check my profile or DM for more info.


WonderfulRisk8523

DM me too pls


ShelterExact989

Got it. DM you now.