Best way to "flip", grow extra money

[Human Torch]

So just recently i found out that I'ma start getting paid straight time for any over time I work going forward.To clarify, Im a salary employee so i wasnt getting paid overtime before january. I'm working roughly 50-60 hrs a week, on average its been about 45 overtime hours a month. So its somewhere around $1500 before taxes. My question is whats the best way to take this money and grow it? I'ma obviously spend some of it but my main goal is to start really really saving.

I could go the street route but i dont want to for two reasons, one I wanna keep things clean and two I'm away from home so i dont have to many real connects out here. So what are some other ways I could take this lets say 1k a month and make it grow?

Share investing options but some outside the box opportunities too.

Good Look in advance

 

[Brown_Pride]

Do you have a 401k and if so does your company match? My company meets every dollar I save so 100% return is always nice...assuming the stock market doesn't fall over....

How fast do yu want to flip it or are you speaking more long term?

 

[Human Torch]

Do you have a 401k and if so does your company match? My company meets every dollar I save so 100% return is always nice...assuming the stock market doesn't fall over....

How fast do yu want to flip it or are you speaking more long term?

company matches the first 4% and 50% of the next 2, I think. I think im up to 5% right now. I kinda want to do some short and long term moves. I want a nest egg to fall back on but i also want have some discretionary income now

 

[Blackking]

My question is whats the best way to take this money and grow it?

you can.


'grow it' by growing legal weed and selling to ur 'patients'. if you make the room urself you can than save money that way.

or you can grow it slow by putting it in a CD, or something.

Speak with someone who knows about stocks.

You can simply save it for a rainy day - you should have 6 months worth of funds to survive off of.

Or you can start some random side job like ur own cleaning, carpet cleaning, painting, etc company.

IF your driving record isn't too bad, you can become an uber driver, use the money for business cards and to clean ur vehicle and make hundreds while ur not really doing shyt.

 

[88m3]

company matches the first 4% and 50% of the next 2, I think. I think im up to 5% right now. I kinda want to do some short and long term moves. I want a nest egg to fall back on but i also want have some discretionary income now

I honestly would keep it liquid for the most part you never know. Max out your 401k when you can if you're younger than 30 it shouldn't be on the top of your list though, imo.

If you're into something you would want to turn into a business put money aside for that and figure out what it costs.You could look into businesses to buy into as well( do a lot of research
if you do though).

Start putting money aside for a rainy day, down payment on a house(put aside like 100k+), invest in the stock market.

That's a good few years of work just on the line above.

 

[Crakface]

Please dont put money in that 401k. I didnt realize how much money my wife had in that trash and told her to liquidate that ASAP. Economy goes to shyt, there goes your money, in exchange for what kind of potential return. Its not worth it.

Best way to flip money. Buy something for less then its value, then sell it for more then its value. Buy somethinng with your profit and initial investment and repeat. Keep doing this until your a millionare.

 

[Stealth]

Please dont put money in that 401k. I didnt realize how much money my wife had in that trash and told her to liquidate that ASAP. Economy goes to shyt, there goes your money, in exchange for what kind of potential return. Its not worth it.

Best way to flip money. Buy something for less then its value, then sell it for more then its value. Buy somethinng with your profit and initial investment and repeat. Keep doing this until your a millionare.

This is pretty much it. Theres no ideal thing you can do to make profit, you just gotta have the right connections and you need to take risks sometimes.

 

[wheywhey]

-Pay off all debt including car and student loans. Read Debt-Proof Living by Mary Hunt or listen to Dave Ramsey.
-Only fund 401k to get the match. Too many people have to pay taxes and penalties when they need the money for an emergency.
-Keep short term money in a money market mutual fund. Make it a fixed amount based on your potential needs, say $5000-$10,000.
-Invest in low-turnover stock mutual funds with a low cost mutual fund company. Read books from the library on investing and retirement.

 

[newarkhiphop]

-Pay off all debt including car and student loans. Read Debt-Proof Living by Mary Hunt or listen to Dave Ramsey.
-Only fund 401k to get the match. Too many people have to pay taxes and penalties when they need the money for an emergency.
-Keep short term money in a money market mutual fund. Make it a fixed amount based on your potential needs, say $5000-$10,000.
-Invest in low-turnover stock mutual funds with a low cost mutual fund company. Read books from the library on investing and retirement.

This right here!

 

[Master Teacher]

Give it to me and I'll flip it

 

[dontspeakmuch]

put it in a gymnasts pocket

 

[the cac mamba]

-
-Only fund 401k to get the match. T.

yea i just started one, the company matches like 5 percent or whatever it is. i was like yea gimme that but at any more

 

[Kritic]

Please dont put money in that 401k. I didnt realize how much money my wife had in that trash and told her to liquidate that ASAP. Economy goes to shyt, there goes your money, in exchange for what kind of potential return. Its not worth it.

Best way to flip money. Buy something for less then its value, then sell it for more then its value. Buy somethinng with your profit and initial investment and repeat. Keep doing this until your a millionare.

spoke like a true coli millionaire. kritic tawt you well

 

[Crakface]

spoke like a true coli millionaire. kritic tawt you well

 

[Domingo Halliburton]

how many kidneys do you have?