What would you do with $6000?

[PQ]

Originally Posted by Chrisrp454

Myself, the stock market. Ford helped me pay cash for my 2010 Camaro .

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[Q's 91z28]

I'd say look for a distressed property and try and flip it. You can either owner finance it and sell the note or straight out sell the house. People are still buying home right now, its just a bit harder. I purchased a property last month and should be selling it within 2 weeks and stand to make about 25k without putting any money into it. Use the 6K towards closing or a down payment. You can always rent the property and try to get some additional income on a monthly basis.

EDIT: Oh....and leave the wife before she kills your credit

[shevyman]

Originally Posted by novajess1972

Seriously....I have $6k cash and need to think of a way (A LEGAL WAY ) to flip it into more.

I used to have a good jump on the car flipping game. I'd buy a project (mid 60s to early 70s muscle) car, usually something somene lost interest in or ran out of money restoring, then finish it, then flip it. I did several, then lost my momentum when I put all the money from the sale of my last project toward our new house. Now the muscle car market is flooded with people that think their $100 POS Chevy Vega is worth as much as a 69 Camaro.

My wife and I both have great jobs making decent salaries. Our combined income is approx $130k annually before bonus. Many will say that is plenty of money to get by on, but somehow the wife seems to THINK that there's an extra ZERO on that figure somewhere. And although it may SOUND like decent money, start subtracting a $2000 mortgage, $1200 combined car payments, $400 electric bills (Houston TX), and at least $600-700 in credit card payments (paying more than minimum to battle the APR) and your usual miscellaneous expenditures (gas, groceries, recreation, etc) totaling at least another $1000.....and you'll start to get my point. I simply have the hardest time getting the wife to realize when and when NOT to spend money. She won't even login to the B of A account to check the balance before spending. I even go so far as to log on each day myself...then send her balance alerts, letting her know what's available. Does that work, you ask? If it did, I probably wouldn't be writing this Sure, I could divorce her...but she's really a good girl...that simply has a poor financila understanding. Anyhoo....I could just let the $6k sit in the bank, but I am constantly supplementing our income when she gets out of control to keep from paying NSF fees and what not. Just 2 months ago, $6000 was $8000. That's to let you know how bad things are. Soon, we will have nothing left for hard(er) times. I even had to turn down my 2010 Camaro arrival last week and get my deposit back, because I'm so unsure where things are going to go

That's why I am looking for someway to supplement my income. Maybe there is a product that's somewhat in demand currently that I can save on by buying in bulk, then sell locally or on eBay or Craigslist??? I'd love to start a home-based business to supplement my income. Im all out of ideas

I know that many of you will suggest a 2nd/part-time job. Of course, I have considered this route, but I don't want to take away from quality time from my family. A part-time will be a last resort.

And please...No flaming! I AM NOT CRYING/WHINING. Just looking for good ideas. I talk to many of you on here all the time, and many of you seem to have good wits about yourselves, so I thought I'd start with YOU. If anyone has any viable ideas, I'm all ears.

Thanks for your time and your thoughts...and take care

well ok you make way more then i do shit i might hit that in 4 years lol. well ok i am pretty good with money and finances. bills are always first plus i do not do very many recreation's cause i am broke and save what little money i have.

now as for the 6k i would suggest finding a cd that has descent interest which is hard right now, see i opened an ing account back when the interest was 4 percent now i think its one or less. yeah i know sad. now you could do that where its not on a cd and in case of an emergency you can with drawl if needed with out the peneltys.

thats my opinion and also put it in your name and not your wifes so she cant touch it, its also is all on the computer so do a password she wont know so she cant transfer the money.

so yeah its a savings with interest you can touch

[ssump29]

First you HAVE to get rid of those credit cards and don't allow them to be used. I know your situation I have been there with my wife. If you can I would say consolidate the cc into one monthly payment, thats what I had my wife do. Second, I would say get his and her bank accounts. This is the only way to make her learn and do not and I repeat DO NOT bail her out. Once she is struggling making her ends meet then she will realize the error of her ways. You have to treat your financial situation as you would a business otherwise you will end up with tons of problems.

My wife was constantly pissed but once she got control and realized how much I helped her in the long run she is very happy and don't worry about not making ends meet. We make mid 100s combined also and she spent the same way. It doesn't matter if you can bring more money into the household if you don't get whats putting you into this situation under control first. Just cause you can make more money doesn't mean you will have any if you can' manage it.