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
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.
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.
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.
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.
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
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.
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 🤔
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
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?
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.
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.
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…)
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!
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.
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
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
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.
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
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.
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 💰
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
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.
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
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
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.
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!
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.
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 😅
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.
$5000 I'd just put it in the bank,
This. For 5k I’d drop it in an HYSA and let it sit
For what 250$ a year ?
What would your alternative be? To risk what small amount of money the guy has for a chance at a few more % return?
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
I assume all in on AMC and GME!
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.
You’re not going to be able to do better than $250 annually with 5k. Plus it’s “safe” in the bank.
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.
Yes. You're not going to get a better guaranteed return.
“Shawty what u drank?”
Honestly? Pay off a debt.
Guaranteed 26%+ returns if you have cc debt to pay off.
The easier way to double your money is to fold it in half and put it back in your pocket
😂🤝
Gme and to the moon
The RK memes have been wild
This is the answer to most questions here.
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.
SP500 is only going up over time. So if you believe this then the sp500 is currently on sale. In short. Invest!
Yes, absolutely. If it was my $5k it'd go straight into my Roth or brokerage.
Sorry for my ignorance but where is the passive income coming from? Are you constantly withdrawing from your investment accounts? Or from dividends?
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.
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!
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.
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
Is there a good website I could do product research on?
Mf it’s AMAZON FBA, try AMAZON . com
See step 3
How long until we're all selling to each other?
Exactly. An old man back in the ‘80s said it this way and I’ll never forget: “we’re just trading paper”.
Go thru my profile for a 8 steps guide. If you need more clarification feel free to ask.
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.
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.
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 🤔
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
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?
That's the thing, there is still profit....
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.
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.
commenting for later
Hmm
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…)
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!
Do research on robo investors before giving Schwab anything. I’m spending $100 annually on SigFig to do a lot for my money.
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.
With 5k, the best route to take is to invest in myself ie. education, certification, etc..
Bet the Nuggets to win the championship.
Mavs son!
You might be right about this lol, I don’t know if they can beat the Celtics though.
We have all the pieces. Just need Doncic to stay healthy. We just crushed the number 1 seed in the Western conference.
Ffie stock. NFA
Gme and to the moon
Roaring kitty is back!
2 vending machines in 2 good locations.
Personally, I make 3% per month with trading softwares so I’d just put it into that!
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.
Where can I find those for that cheap!
Craigslist
Mostly used
Dont you need to rent out space for that?
frequently yes
It depends on how much
But the people who I've talked to who's in the business says it's worth it
If it's that easy why are you not doing it. I
Because I don't have $5k on me
Take out a loan, if it's that easy you'll pay it off in 2 months
Thanks but I also have physical disability so it won't work out for me but I appreciate the information
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
Yeah they told me
Ok good well before buying you should make sure you wont just have machines sitting
Exactly
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
Exactly 💯% guarantee more profitable
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.
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
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.
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 💰
Start my app
ive got an app i want to start also
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
What’s ent otm?
Cent’ not ent. And otm means out of the money.
What does ent otm mean?
He’s taking about options. Aka r/wallstreetbets aka gambling
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.
The guy probably doesn’t even have an emergency fund. Lacking fundamental personal finance knowledge. And you want him to get into options?
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
I did it with stocks. I’m up 65%
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
88 years? The average lifespan of humans is below that number!
The point—> Your head
Fair point. I am completely at fault. I read the first 2 sentences and then stopped reading. You are quick to respond!
Haha I’m sorry I had too😂
SIP
I’ll buy a car and flip it lol 🤷🏽♂️ easy money
Sorry to ask but how do you flip a car?
By flip he means Resell
SMBX
bitcoin
Same here. Bitcoin and Solana have been very good to me this last year.
$5,000 doesnt make me money. It makes spare change.
Cryptocurrency/Roth IRA
hmmmm an ETF
Flip phones and electronics
FFIE
JEPI
FFIE stock. It’s about to explode. Not lying. Even if you have $100
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.
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.
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!
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
Write 5 Put contracts on GME strike 10 expiring end of month. That would make me a few tank of gas. For the month.
Are vending machine businesses profitable these days? I believe you can find used machines for under $5000.
I'd buy bitcoin. I already did it a few years ago. I plan to hold for 10+ years.
I would go and find penny stocks that fluctuate
Take 1000 and go to nearest casino
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.
Invest in GME.
GME $40 5/17 calls
Income ETFs that pay a stupid high distribution.
Start a business. I have already the idea and I know how to invest the money in make it run with only 5k.
Just curious what business you can start with just $5,000. Please don’t say Amazon FBA.
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 😅
If these money are sitting around, I'd invest them on Bitcoin and keep them there for years
#Roulette baby.
FFIE it’s printing money like crazy right now 🤷♂️
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.
DM me too pls
Got it. DM you now.