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Got my student loan. What can I invest in so I can make more money and not have to rely on loans?

Discussion in 'Making Money' started by Mister Dark, Jan 6, 2017.

  1. Mister Dark

    Mister Dark Registered Member

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    Like, I want to be my own boss. I was thinking of affiliate marketing, consulting, or something that isn't 9 to 5. I have like 1000 I could be smart and invest a little in something to build a business.

    I want it to be low risk, meaning chances of making money back are high. Like, maybe a niche website for an affiliate product or something? Idk.

    Any tips for investing and becoming as well off as Tai Lopez? Dude makes me envious. I want that life.

    I want out of my situation. Always broke. I want more. Help?
     
  2. Jeffersontalks

    Jeffersontalks Regular Member

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    Invest in your studies. Stability with job is more important. Do IM on the side or any business. That is my advice to you. Those who plunge fully into IM have a stable source of income before they do so.
     
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  3. outscrape

    outscrape Jr. VIP Jr. VIP

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    Hey @Mister Dark

    This is a tough call. If you're willing to invest, you are off to a good start. Here's what I'd recommend:

    • Don't invest in software YET
    • Don't invest in training YET
    • Don't invest in websites YET
    • Don't invest in ANYTHING YET.
    • Definitely don't invest in the 67 Steps, probably ever because you know what it will say. :p

    Do you have experience in any area of IM?
    Example:

    Maybe you understand ebay because you have a habit of buying video games there.

    It might be possible for you to invest $200 in buying some video games at your local store and selling them for a profit on Ebay. Heck, maybe sell the ones you have to add to the $1000.

    If you're an ebay user, you might want to consider doing some research into price arbitrage as well as dropshipping. I have a friend that buys weird little bolts in bulk for VW vehicles and sells packets of them on ebay for like 300% markup. It's not much, but it's like $30/month. Do that with 20 things and you've got a small biz.
     
  4. PBNbros

    PBNbros Jr. VIP Jr. VIP

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    Main thing is to work hard, you have to want it badly. But focus on your studies and make sites on the side.


    Good luck :)
     
  5. IntoTheWild

    IntoTheWild Regular Member

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    Totally agree with this guy.
     
  6. creator09

    creator09 Registered Member

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    Tai Lopez is one of those "gurus" that sell fake dreams. I wouldn't trust him with 10 cents.
     
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  7. Jeffersontalks

    Jeffersontalks Regular Member

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    Make your first dough of money through ebay. Buy trending products in bulk from 1688.com (not more than $200 for a start) and sell locally (so that your shipping cost is low). Then recycle your profits.

    How to research trending products?
    Google trends
    Ebay top seller
    Amazon top seller

    You do not need exact product but something related. Example, iphone 7 sells very well now. You can sell iphone 7 charger/ battery/casing/ accessories)
    This is the fastest way to make money without much investment. I won't advise you to dropship as you have neither the price advantage nor shipping advantage. In fact, you can go one step further and sell through facebook locally whereby buyer can self pickup. Buyer loves to have their products immediately.
     
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  8. Jeffersontalks

    Jeffersontalks Regular Member

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    Yup. Agree. So call guru are just rubbish. Most of the techniques can be learned through observation of what others are doing.
     
  9. clarkcant

    clarkcant Newbie

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    I am investing sometimes in limited sneakers. They are making a good arbitrage.
     
  10. Powefull Army

    Powefull Army Registered Member

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    yes you can build a facebook page and must be specific country related and niche related.
     
  11. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Seriously Dude, there is nothing that is low risk with a high return, otherwise we would all be sitting in the Sun.
    $1000 won't make you wealthy without lots of work (not 8 hours a day more like 15, at least to start with), either pay back the loan early and build up your credit or use it for its original purpose.
     
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  12. Neoalb

    Neoalb Power Member

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    That is how Tai Lopez and many others are rich, because people like you think making money online is as easy as advertised by them.
     
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  13. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    OP invest in bitches and enjoy your life
     
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  14. Amore211

    Amore211 Newbie

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    Save your $1000. Go to the free section on craigslist, get some free items and sell them at $100 profit. Maybe get a storage unit so you can sell free furniture. Go to wealthy communities and see what estate sales are going on and flip.
     
  15. jeeva2711

    jeeva2711 BANNED BANNED

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    i can suggest some good bossiness u can invest.
     
  16. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Beer and drugs like 99% of students do, then moan about having no money, and go rioting because you think it is your right for other people to pay for your education.

    ps. Op this is not aimed at you, just students in general.
     
  17. kasher9

    kasher9 Jr. VIP Jr. VIP

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    Tai lopez is someone you aspire to...seriously? Spend that $1000 to find a better idol my friend, that's your best investment strategy.
     
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  18. symmetra

    symmetra Newbie

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    maybe arbitraging services from fiverr might make sense
     
  19. T2tkid

    T2tkid Elite Member

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    OP, you need to research on what you want to do before investing your money, or you will lose on both side. If you don't have any experience yet, better use that money for its original purpose.
     
  20. Th3 Canadian 3h

    Th3 Canadian 3h Regular Member

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    To be honest if your staying in that area a "house" you have a large lump sum for a few years and the money on your student loan will be cheaper then mortgage rates. You also get a few rooms to lease out to your friends with a strict contract of course. This way your buddies will pay what's left of your amount owing and your school loan, you live for free and any money you make you can put in anything you want. Then when it's all over in a few years you just 200,000 - 300,000 for free just manage your money right and wait for your investment to mature.

    If you have any questions msg me

    Canada