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Some More Ways to Make Extra Money

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At twenty-one, I was looking for ways to make extra cash, but didn't want the usual jobs. I was willing to try just about anything, so when my brother's towing business got a contract to repossess cars, I was ready to be a "repo man." Before long I was prowling in the night with my brother, looking for and legally "stealing" cars.

I was paid for each car we took, so I had a lot of motivation to find them and get them. Was it dangerous? Well, at various times we were chased by a crowd, had the window of the tow truck pulled out, and had a guns pulled on us. Actually, it was fun at the time, but the following are some less dangerous ways to make extra money.

Sell Things

While camping at a desert hot spring one winter, my wife and I met a man who sold used stuffed animals on the side of the highway. He bought the stuffed animals at thrift stores. Originally, he even got the stores to give him the animals, with the agreement that he would return with the money or the animals the next week.

Many small towns sell a vendor's permit cheaply ($18/year, for example). Otherwise he set up his stand until he was chased out of the county. He says he was never fined, and claims he sold $4,000 in stuffed animals his first month. Maybe he was exaggerating, but because of him we sold used stuffed animals in our flea market stands with some success.

Hand-made walking sticks were a better seller for us. One July and August I sold over a thousand dollars worth, alongside our other items. I made them from trees near home, adding handgrips made from recycled leather jackets. They cost about 50 cents to make, and sold for $6 to $26.

At flea markets, we also discovered why so many people were pulling things out of the piles of stuff on the curbs of our town during spring clean-up. Many people throw away good radios, furniture, toys and more. The flea market entrepreneurs ran around gathering it up to clean and sell. It cost gas for the car or truck, and around $10 per day for a spot at the market.

Hometown Investing

For several years, I used to put up the cash to buy cars. I did this for a couple different friends. They knew their cars, and I had cash. For example, when my brother saw a repossessed truck for sale for $900, and knew it was worth at least $2000, I put up the money to buy it. The truck sold for $2100. After expenses, it netted us $900, which we split. $450 on a $900 investment in ten days is a decent return.

An acquaintance used to find fantastic buys on used restaurant equipment. Now, if he had used his shopping skills to look for more than just what he needed for his little coffee shop, he could have easily made a few hundred dollars extra money each week. He just needed to buy and quickly resell ovens, coolers and display cases.

My own car selling example shows that you don't need to know much about the value of things to make money investing in them for resale. Just find someone who does know enough. Then invest your money and collect your share of the profits. It has to be one of the easier ways to make extra cash.



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