Top 3 Ways to Turn $1 into $100 Within a Day!
In this list I will cover the top 3 ways that you can turn a measly $1 bill into $100 within a DAY! Some of these items aren't the easiest and require some skill, but have a great ROI. I hope you learn and use these ways!
1: Invest in Penny Stocks
Although this requires some luck and an account, investing in penny stocks could easily turn $1 into $100 within a day. In case you don't know, penny stocks are stocks, usually a few cents each, that you can trade. Some of these stocks are extremely volatile, while others stay under a cent for a year. If you pick a stock that's about 1 cent and it increase to about 5 cents, you already have $5! Then, you reinvest those $5 into another penny stock, that increase 20 times the original value, and voila, you now have $100. This looks easy on paper, but is tricky to master. For guides on how to successfully trade penny stocks I recommend checking out http://www.timothysykes.com/.
2: Make a Lemonade Stand/Hot Chocolate Stand
Lemonade/Hot Chocolate Stands are usually underestimated in the amount of revenue and profit they can produce and are considered childish. However, they are fairly simple to set up and do require some free time, but you could easily make $20 in an hour. This does require some upfront costs, however you can easily get a family member or friend to loan you an extra $5 to get started. If it's summer time, set up a lemonade stand, if it's winter, set up a hot chocolate stand. For those months in-between, I recommend selling year round items like: coffee, chocolate, candy, flags, etc. If you plan on selling in the city or a town, make sure you have a seller's permit if it's required. For more info on how to really sell well, I recommend checking out http://thekrazycouponlady.com/family/10-tips-for-a-successful-lemonade-stand/.
3: Do Freelance Work
Thanks for reading, I hope you learned something!
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