[Spaazkaz]

I have been saving up and recently my savings account got up to 5,000 bucks. Ive never had this much money and Id like to invest it... but i am young and dumb and impulsive. What would you do with it? Any input is appreciated... thanks, -Zack-

[dfveteran]

You should invest it into something you already know about, so you can turn a profit. What are you good at and know alot about?

For me, I would buy a small bulk order of digital cameras or mp3 players. Then resell them.

[rogercbryan]

Originally Posted by Spaazkaz

I have been saving up and recently my savings account got up to 5,000 bucks. Ive never had this much money and Id like to invest it... but i am young and dumb and impulsive. What would you do with it? Any input is appreciated... thanks, -Zack-

Hey Zack, be careful when you tell people that you have $5000 and are young and dumb. There are a lot of people on here who might take advantage of that fact. Hide your weaknesses and shine your strengths. Take your time... I'm not sure how old you are, but $5000 can go along ways towards building a business.. it can also disappear in the blink of an eye.

I started my business in May of 2006 with $6500 that I borrowed.. this year I will do $800K in sales and I have a staff of 9 people. Move slow and keep your eye on the ball.... if you ever have any questions please feel free to send them over. I'd be glad to help you and I have no desire to do anything with your money...

[rosshill]

I'd stash $4k in the bank or maybe some popular shares and then brainstorm to see what business ideas you can come up with for $1k. If you lose $1k you'll know what to avoid with the second idea If you get onto something good on the other hand you'll still have the rest of the cash to boost it up.

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Here's one thing that I've learned:

If you're out there LOOKING for a place to invest or spend the money or for a business to start, you're likely not going to find the best opportunity, because you're putting a priority on time (finding it NOW) rather than quality (finding the best opportunity for my dollar).

When the right opportunity or idea comes along, you'll know it, and you'll know it because it will likely be in an area that you are familiar with and enjoy.

If you just can't wait though, I can certainly tell you that the best place to invest your money for a startup business venture is with me! Haha. Seriously though.

[sleighter]

Look into anything health and fitness related.Due to the world obesity problem.Open the news.These business interests will skyrocket .

[zoobie]

Great, you have your savings. But be careful where to invest it. If you join affiliates, check them out before giving it a try. Good luck!

[starline]

I will sell computer part

[radreality]

Originally Posted by Spaazkaz

i am young and dumb and impulsive.

How young?
how dumb?
how impulsive?

Age will sometimes limit you, but not most of the time.
Your knowledge will severely impact your success.
Impulsiveness will cause you to make unwise choices.

These are three points that you are aware of, since you said them yourself. I would be EXTREMELY careful with whatever you choose to do, until you have a better grip on those three points. There is nothing wrong with being patient and waiting until you gain more knowledge and have a better understanding about what you want to invest in.

There are tons of options out there. If you don't choose one thing, another thing will come along. There are good opportunities that come every day. Its not about the opportunity; its about you and if you are ready or not.

______________________________
Robert Falk
Business Developer / Investor
Self Help Forum | Business Resources

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Just understand that there's not really such thing as quick and easy cash. Take this as an opportunity to really learn about researching opportunities.

[paul2145r]

Well, for $5,000, I can offer you a phone-call consultation on the latest MLM trend out there, that will cost you $10,000 to join in on.

Just kidding. Seriously though- I don't ever recommend telling people how much money you have, and then expecting an un-biased response. As far as starting a business, the first step would be to find a good mentor with experience in whatever field you yourself are interested in getting involved with. The best mentor is one that doesn't have any monetary incentives in helping you. If they are getting paid, then they are a consultant or an employee. In that case- again- be careful who you choose.

Reselling is a great way to make some quick cash, but it is also