(ThyBlackMan.com) Making money doesn’t mean you have to work yourself to death. Sometimes, it simply means spending a little bit of money, and spending that money can even be fun!
It is true that you have to be very careful of get rich quick schemes. Real work opportunities won’t require an investment on your part, but that doesn’t mean there aren’t other ways you can invest your money and see a return on your investment.
No matter how much money you have to spend, here are a few ways you can use your money to make more green.
Hire an Attorney
Attorneys can be expensive. Many people avoid hiring one, even though they shouldn’t, because they fear the final bill. However, there are many situations where not hiring an attorney can end up costing you more money in the long run.
Divorces can quickly become costly, and they can get out of hand if you don’t have an attorney on your team. They are absolutely essential when doing any estate planning, and they can increase your odds of a favorable outcome if you’re charged with a crime.
Although you may have to pay your attorney, you may not have to pay them upfront, which can provide you with some peace of mind. For example, when you hire a personal injury lawyer, you likely won’t be responsible for providing them with any payment unless there is a favorable outcome in your case.
Still worried about how much it might cost? Request a free initial consultation and you just may discover it’s more affordable than you think.
Investing
Investing can be a great way to make a little money by spending a little money. However, it can also be disastrous. It is important to do your homework so you make wise investment choices.
There are some tips that can help you make wise investments. They include picking companies, not stocks, and building your portfolio with minimum risk.
If you’re still struggling to understand the stock market and you could use a little direction, it’s well worth your money to hire a financial planner or a stock broker. They can help you determine how much or how little you should invest, where you should put your money, and they can keep track of your investments so you don’t have to.
Sell Something
It’s true that you can sell some of the items in your home that you no longer need, but there are many other things you can sell to make some money on the side, even if it requires a little investment.
Many businesses start in basements and garages with products that are made by people who are passionate about them. Buy the materials and start selling to friends, family, and neighbors.
A few things you can consider making and selling include:
- Baked goods
- Jewelry
- Artwork
- Pillows and blankets
- Bath products
- Candles
- T-shirts
- Cosmetics
- Ceramics
Use the Right Credit Card Wisely
The right credit cards can provide you with cash back for a variety of purchases. You might be able to get as much as five percent for purchases at the gas station, the grocery store, restaurants, and more. When you spend money at places that are part of your card’s cashback program, they will give you money that can be used towards your bill or applied to other purchases online.
You just have to be careful. The trick to doing cashback the right way is to buy things you can already afford. You only really get to keep the cash you get for purchases if you pay off your credit card every month. Otherwise, you’ll end up paying more in interest than you’re earning.
Get the Right Bank Account
Nearly all of us have bank accounts that we use to make a wide variety of purchases. Why not use some of that money to make some while it’s sitting in your bank account anyway?
Some banks pay great interest rates on savings accounts, while others provide larger returns depending on how much money you have in the account. Other banks may provide you with extra cash simply for opening up a new savings account.
Some banks may provide cash depending on the kinds of purchases you make, and whether or not you have loans with their institution. Don’t be afraid to shop around and find a bank that provides you with the best use of your money.
Use Cashback Websites
Did you know you could get money for shopping? There are multiple cashback websites online that provide you with money for every purchase you make.
The trick is to purchase things you would purchase anyway. So, for example, if you’re looking to purchase a new camera, you should check out cashback websites first. Avoid going on a shopping spree and buying things on an impulse. What you spend will always be greater than the cash you get back, so you don’t want to spend money you don’t have.
Want to maximize your cash back? Use your cashback credit card when shopping on a cashback website!
Hit the Casino
This last tip must be taken with a grain of salt. It’s true you can make money at the casino, but it should never be used as a long-term moneymaking strategy. However, that doesn’t mean it’s not fun to play every once in a while!
If you choose to visit the casino, it pays to know how to beat the odds. For example, you’re usually always better off playing a game at the table than playing the slots. If you do play the slots, choose high-cost slots and max out your bet, as long as you can afford it. Winning also means knowing when to call it quits so you don’t lose all the money you just won!
There are lots of ways to make money, and sometimes, it includes spending a little money upfront. With these tips, you can spend a little now to make a little later, and you may even discover you have fun while doing it!
Staff Writer; Bobby Jones
