You are going to spend a lot of money in your lifetime. The fact is inevitable. How you spend that money is what is important in the end, though. In the business world, the saying is that you have to spend money to make money, and while that can be true, there are millions of accounts of rags-to-riches stories about people who made millions off of little to nothing, so it is possible to achieve great things with little, you just have to know what to do and where to spend your money where it is actually going to count.
For anyone interested in how you can spend money and make it back at the same time, you’re in the right spot. Businesses that know how to do this are the ones that become largely successful. If you want to start getting strategic and stop living paycheck to paycheck, here’s what you should do:
Embrace Cash Back Credit Cards
Credit cards save people’s lives. They also ruin them. But if you’re wise with the cards you hold and you embrace the ones that are going to give you cash back bonuses, if you use your card as a middleman for your spending, you could make some good money back on money you’d already be using to pay for things in the first place.
For example, if you have a gym membership, put it a card with good cashback bonuses and then make the payment in full at the end of the month. This way, you’re building credit, but you’re also making money on purchases you’re obligated to make anyway.
Turnaround Online Bulk Sales
If you’re tech savvy and you’re knowledgeable about fashion or other kinds of merchandise, you can make great money by getting onto online sales sites that sell items that are overstock. When designer brands come onto the site, if you’re quick enough to snag up the sale, you could turn around and immediately sell that buy for retail prices. Some people make hundreds of dollars in seconds. You’ll have to do some studying to make this work, but if you have the skills and drive, it’s a great way to spend money and make it back fast.
Refurbish Old Furniture
Now this avenue might only work if you’re artistic and handy with a paintbrush and a sander, but if you want to spend little money and make back what you did spend and then some fast, start collecting old furniture and give it a makeover. People throw things out on the street and they give things away for free on Craigslist, so you might find a diamond in the ruff and make a pretty penny off of something free that only cost you labor and materials to fix up and resell.