I have $200, what should I do?

[dmdelectronics]

I have $200 to spend on something that will in turn make me money. I have the ability to create/print up t shirts and apparel, but I'm not sure exactly what $200 will get me in terms of that. Any ideas on what I could do to successfully double or triple my money? I also have an ebay selling account, as well as a paypal account. Thanks.

[Woodcs82]

You need to find something you love doing. If you don't love doin it, whats the point? If you have a passion in what your doing, you will succeed!

What do YOU enjoy doing? Turn your hobby into a business!

Colin

[jasaunders]

If you only have $200 you should save it. Why the rush to go out and spend what little money you have.

[dmdelectronics]

Well..I'm not really spending it, I'm trying to double it. I wouldn't be doing this if I could save it and see it grow to more, understand?

[kiddoso]

You know it's not easy to get the 100% return (or more) that you are looking for right? Also, considering you have $200 which is not a very large amount, your investment options are relatively limited, and diversification is very difficult (if not impossible). I am speculating that you have limited personal savings? If so, I would be very careful in where you put your money. It is VERY easy to lose what you have.

[dmdelectronics]

Well yes, I understand this. And yes I have limited personal savings as I'm only 17 years old.

[Just1More]

If it was me I would personally save the money until I have a larger amount to invest with. But if you are eager to double the money, open an account with a stock broker and begin to study industries and companies. You will have to take your risk with a high volitile stock and see what happens. I cant emphasize the importance of research!!!!Again studying and investing in something that you are interested in will make it more enjoyable and also keep your interest.

[nelsen3000]

Bro take your money and invest in jones soda!!! Seriously it has gone through the roof. But if you dont like that tip use your head, you are 17 and know what is on the cutting edge for kids, follow the trend and invest in it while your peers are playing with it!!! Had I had money growing up I would have invested in yo-yo's, wwjd bracelets, and ebay!!!

[Nick S]

I say go with your instincts

$200 should get you a fair bit of shirts that you can sell at a 100% mark-up....

Haggle with the t-shirt printer guy and the person that sells you the shirts, you can get plain white shirts or plain white sports singlets for very cheap tell them you are buying in bulks so you want a discount. Tell the printer that you are printing in bulk so you want a cheaper price.

An Aussie entrepreneur who had $100 in his pocket, had some shirts printed, he sold them to family and friends. He ended up owning one of Australia biggest clothing brands.

[MASapparel]

Yes, I have been in your situation before and spent it all. Now I would say save it, I would not mess with stocks but if so Jones Soda is a beast. I have been watching it for the last year and a half.

But anyway what I did with my few hundred invest when I was 17 was shirts. I still do shirts and have all my own equipment now, if it is something you would be interested in feel free to pm me and I can make some shirts for you for cheap.

[Dale King]

If you only have $200 you should save it. Why the rush to go out and spend what little money you have.

That's great advice, Joshua!

Dale King

[signaturebev.com]

If your interested in investing in me I will give you a 50% return on your money, so turn your 200k into 300k!!!!

[tazman9r]

I'm so glad to hear you ask this question! At 17, $200 would have been pizza, movie, and gas money for me.

I'm not gonna tell you to save or invest it, but those are you two best options. If your gonna save it, look into long term options that will help you to maximize your savings, then put $10 or so per month on top of it, you will have a large amount over time, and it will eventually (over the next 30 or 40 years) be another source of capitol for you.

If you invest, I'd follow the advice that allows you to see the largest return. I love the T-shirt sales bit. Just be careful you don't end up with a box of shirts instead of a fist full of dollars.

[akula]

I have $200 to spend on something that will in turn make me money. I have the ability to create/print up t shirts and apparel, but I'm not sure exactly what $200 will get me in terms of that. Any ideas on what I could do to successfully double or triple my money? I also have an ebay selling account, as well as a paypal account. Thanks.

buy your self a some sort of an industry course to increase your earning capacity

[Dylan Phelan]

yeah. I agree with akula.
even if you double or triple it; you're still not gonna have much cash.
rather invest in a course that will give you a skill, which in turn will enable you to take advantage of opportunities in the future...