Due to other constraints on my time I am unable to devote more than 15-20 hours a week to any projects, but along with that I have $15,000 cash sitting around that I would like to use to generate an extra $100 a week to add to my entertainment fund. Clearly this ROI wouldn't be attainable through passive investment, so I wanted to see if anyone had any legit suggestions as to how I might leverage the cash and the man hours I DO have to devote to a project, into extra cash.

I am obviously not trying to get rich, and if it is a frivolous pursuit then I am fine with just investing it passively, but if you have any ideas I'd love to hear them.

Maybe I'm missing something. Why not just get a part time job? If you are willing to spend 15 hours a week to make $100, why would you also put money at risk to do it? I could see using either the money OR your time to generate the extra income. Using both seems kind of crazy.

Yea, that doesn't really make sense.

With the money you could flip products off Craigslist and make much more then $100 a week, and spend less then 15 hours doing it.

Something tells me this is not what you had in mind though.

That is a good question. The basic reason is because I don't actually need the extra $100 and I don't really want to become an employee to generate the $100 that I don't need. Given the choice I would pick not having an extra $100 over being employed in the typical "side job" fashion. If it was a matter of generating an additional necessary $100 a week it would make far more sense and be trivially easy just take on an odd job, but I am interested in the experience of attempting to make the $100 in a non-traditional fashion just as much as I am in making the $100.

No, this is definitely something that I would consider. Do you have any experience doing it?

I should clarify that $100 is simply a baseline figure and that the 15-20 hours to invest in the project per week are on the very high side. More than anything I didn't want to start a post that said "hey, I don't want to do anything and I want to make 11K a month, teach me how".

Buy physical silver! Do this now. No effort and it does all the work for you. You will get multiple times your investment back over the next two to four years. You can even do some gold but silver will out perform gold.

Posts like this is one reason why I think gold/silver is/was a bubble.


In regards to OP:

Poker?
affiliate marketing?
doing garage sales and selling stuff online? (like golf clubs/books/kid stuff)
youtube channel?

Poker: USA resident; also, I am a bit unsure of the risk of a site like Carbon poker (the only site I've played on since black Friday) just shutting down or not making payments, and as a result I don't know how + EV it wold be for me to play poker. If I was a big winner in the games it would be a good idea, but I can only confirm that I'm like a 2ptbb/100 winner at ssnl over my biggest samples.

Youtube channel: How do people make money doing this? Making vids that get a lot of traffic and having advertisements on your channel? I know very little about this but am willing to learn.

Affiliate Marketing: Again, another area I am unfamiliar with but very willing to try my hand at; any information you can offer about it would be much appreciated.

Garage sales/online sales: Do you or anyone else have any suggestion about what some good ticket items might be? I am thinking things like power tools are probably easier to get at great discounts than furniture and have a higher markup when re-selling, but what about vehicles or electronics?

You can find great deals at garage sales w/ regard to tools and other things that typical people have trouble pricing. Oftentimes the first thing sold is an old lawn mower that might be on its last leg. I guess that's where being handy helps if you can turn a profit or not. It'd be cool to be a picker and make a living doing it.

Yes, but not as a consistent endeavor or income stream. It is very easy and reasonable to do, just start small.

Simply put, some people need cash and to get rid of things quickly yet are terrible about advertising what they are selling and willing to part cheaply or better yet don't know the value of what they have.

If you know a particular area of products (computers, video games, musical instruments, electronics) start there and look around and only buy the deals.

Are old electronics actually worth anything? They become obsolete so quickly.

I would think everything has some value right? Although knowing what their value might be is not really a part of my skill set at this point.

Of course it wouldn't get you to $100/week, but why not do it anyway? Pretty much all the suggestions itt are viable, but none require a $15k roll. Why not take like $10k of it right now and put it in some high dividend stocks? There's a lot of REITs or utilities that yield 15-20%. So let's say your $10k portfolio averages 15% yield. That's $1500/year, or $28.8/week. Depending on your tax bracket, you're already about 1/5 of the way to your goal without actually doing any work.

Good suggestion, I think that is something I need to consider more seriously.