answer for the 100 dollar a day question

[GordonJ]

I like what they do, buy and sell, anything. What I don't do is:

I chattel for the money, I truly FLIP stuff, never store anything. Of course there is no right or wrong, whatever works for you, works.

My older brother was stubborn about holding onto cars which he 'KNEW' were worth more than what people offered. Even though I proved time after time, that circulation beats storage 6.5 days a week.

Rob, the fleamarketflipper has shown he likes to tinker, fix things up, and he had a big storage unit where he kept his buys. Today he uses freight, and is not afraid to buy heavy furniture, appliances and even industrial size chattel.

I want to buy today, and SELL TODAY, if I can...and make a profit.

We once bought a car for 400 dollars, flipped it for 2500, even though the blue book and "street value" was about 1500 more. Brother wanted to hold it.

I sold it (in this case, title was just in my name). The 2000 dollars we kept in circulation more than made up for the 1500 he thought we "lost".

Today, I saw a snow blower on the curb. Rob would pick it up (just guessing and assuming), fix it and send it down the road for a 100 dollar profit, that is, if he lived in Ohio. Not much call for a snowblower in FL.

I walked on by. Someone will pick it up, small engines are one of the easiest things to repair, SOMEONE, is either going to profit from this curb item or have a way to clear their drive next winter. That is STORAGE all the way.

NOW is lawmower season, and AIR CONDITIONERS, and garage sales.

I never liked appliances, big things, especially washers/dryers and couches. My chattel mantra was/is, back seat of the smallest car, with some exceptions. Now one of my students is killing it with restaurant equipment, and has hired his young strong nephew to help him move stuff, actually started that as a sideline hustle, moving stuff (although he recently found out about licensing and FEES for certain kinds of moving, albeit, he has insurance, county to county, moving regs differ).

The point is, YOU aren't making money until you SELL something, but tinker, fix, repair and HOLD all you want. It is, and you'll find this to be true of the people who do more than occassionally dabble, the more you flip, the more you make.

There is just too darn much chattel laying around, an insatiable buying market, a never ending supply and a profit when you stand between buyer and seller.

You can OVER complicate things, or just keep it simple. Buy today, SELL TODAY, for a profit, put the money back to work.

Get to a certain cash level, just rinse and repeat.

This is my short and sweet answer to the email, from one of you, asking about how I differ from the fleamarketflipper. I like what they do, although, I'd be inclined to flip a little smaller and lot faster, but what works, works.

Just do it. And don't lose any money. OK?

Gordon

Hey everyone, I am searching for a new job now and I am running out of money slowly. What it's better to do in my situation. I've been reading payday loans online reviews for a few days and found some good offers but is it really a good Idea to solve the issue that way?

[GordonJ]

Originally Posted by CharismaCheck

Hey everyone, I am searching for a new job now and I am running out of money slowly. What it's better to do in my situation. I've been reading payday loans online reviews for a few days and found some good offers but is it really a good Idea to solve the issue that way?

Unless you have a PLAN, I strongly advise against a PayDay loan of any kind. What will you use the money for? See, it goes like this,

One hasn't enough money to cover a debt or bill, so they borrow. Normally against an incoming check of some kind. Others require collateral, the pink slip on the car.

So, how do you payback the loan? What happens in most cases, it creates a vicious cycle of borrowing, again and again. These predatory lenders know how to make THEMSELVES MONEY, and how to squeeze you if you don't have any.

I think it should be a last chance option, especially for someone without a job.

What sort of job are you looking for? What is that market looking for and how long do you have to look? If considering a PayDay loan, it means you are running out of time.

Is there any part time work, any "chores" type work you could do to keep you afloat?

Do you have ANYTHING to sell? But most important, what is your PLAN to get either back on track, or on track so you don't need to consider this desperate option?

GordonJ

PS. As most review sites, the one you linked to is an affiliate of their top selections...hardly UNbiased in my opinion. Also, NONE of these predatory lenders will give you an unsecured loan, for something like that, you need to turn to family, friends, or crowd funding.