Idea for some extra bucks

[Salmank]

Hi there,

Since we live a rather lavish life, I only manage to save R5000 every month.

Now, if I invest that R5000, I will only earn around 6-12% after a full year.

I was thinking maybe on a side line, I can use that R5000 and buy something and resell for for R6000. That's 20% profit in less than a month. And if I can sell higher, I can make more.

The benefit I have is that a relative has to travel to Zambia, Dubai and UK every month for business and he doesn't mind bringing things for me.

So what's something nice which I can buy and sell for easy profits?

 

[airborne]

Apple devices are always an easy sell.

But you are going to eventually hit a speed bump if the guy bringing your stock in isn't declaring the stuff at customs and paying duties, if Sars audits you they will ask for source documents incl duties paid and invoices.

 

[3WA]

Diamonds. Buy in Joburg, sell in London.

 

[saor]

Since we live a rather lavish life, I only manage to save R5000 every month.

Is it just me seeing a solution right there or is that not an option?

 

[backstreetboy]

Hi there,

Since we live a rather lavish life, I only manage to save R5000 every month.

Now, if I invest that R5000, I will only earn around 6-12% after a full year.

I was thinking maybe on a side line, I can use that R5000 and buy something and resell for for R6000. That's 20% profit in less than a month. And if I can sell higher, I can make more.

The benefit I have is that a relative has to travel to Zambia, Dubai and UK every month for business and he doesn't mind bringing things for me.

So what's something nice which I can buy and sell for easy profits?

12% is on the low end. Invest better...

 

[chickenbeef]

Buy Bitcoin

 

[VikashLurker]

Drugs.

 

[Salmank]

Good advised above. Thanks.

Drugs.

Do you know any good suppliers?

 

[Salmank]

Is it just me seeing a solution right there or is that not an option?

Use cash to enjoy life

 

[Ghoster79]

I only manage to save R5000 every month.

You poor soul, how do you live with yourself only saving this paltry amount of money every month?:erm:

 

[Salmank]

You poor soul, how do you live with yourself only saving this paltry amount of money every month?:erm:

If it was not for tax, security etc, I would have been saving R20 000. But have to fund Ramaphosa's (the billionaire?) Lifestyle. So I only have R5000 after all these expenses.

 

[Batista]

If it was not for tax, security etc, I would have been saving R20 000. But have to fund Ramaphosa's (the billionaire?) Lifestyle. So I only have R5000 after all these expenses.

You are doing well enough to save R5k a month, most people would just be happy with that.If you want to introduce headaches into your life start a side business.What line of work are you in?

 

[Salmank]

You are doing well enough to save R5k a month, most people would just be happy with that.If you want to introduce headaches into your life start a side business.What line of work are you in?

Jewellery business

 

[airborne]

Jewellery business

There we go, smuggle rough diamonds from conflict regions, you'll make a killing, in more ways than one!?

 

[Jet-Fighter7700]

bitcoin, or altcoins trading,

 

[Salmank]

There we go, smuggle rough diamonds from conflict regions, you'll make a killing, in more ways than one!?

Good cash in that. But, don't want to sit in Jail

 

[Salmank]

bitcoin, or altcoins trading,

Bitcoin is falling

 

[Thor]

In my early years I used to go to auctions and sell on gumtree.

 

[scud]

If you can offer a service like coding or accounting I’d use the cash to setup and grow a company on the side

 

[*SynergyX*]

Good advised above. Thanks.



Do you know any good suppliers?

start your own little plantation in your yard. Enough capital to get you going.