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so someone gives you 100 for free and says right this cant be spent on anything 'normal' you need to use it to attempt to make money (more than double it if poss) How do you do it? just thought was an interestin question, i would also quite like to know any gd ideas!
You could always have fun with it and invest/throw it away on some sports betting. The casino is another way. Or if you really want to take risks you can go with the stock market.
1. Buy drugs 2. Divide drugs into smaller amounts 3. Sell drugs 4. Profit
Attach it to a fishing line at the end of a rod, and lay it on a pavement in a wealthy street, whilst you hide in a nearby alley. Once some rich person takes notice of this money, reel it in so that the toff follows it down the alleyway. Give him a slap and take his wallet.
Voila, you've probably at least doubled your money.!
1. Gamble Drive to vegas walk up to the first roulette wheel in the Belaggio and drop it all on black
2. Invest Short the market in key areas that should drop soon, like gold and emerging markets.
3. Business Buy a quarter machine like candy or whatever and find a good location for it.
4. Resell Buy bulk quantities of Chimpokomon cards or whatever the kids are playing these days and have my brother in-law sell them at school for full price minus taxes.
5. Illegal As CFH said buy bulk drugs and sell individual portions
6. Lame Use money to buy to supplies to make cookies -> Bakesale combine with step 5 for added earnings.
7. Another business Buy a lawnmower in my neighborhood I could triple my money in less than a month.
put it on red!!!!!!!!!!111
Put it in a bank and wait 100 years.
No no youngen, that's how you lose your money..Quote:
Originally Posted by Youngblood
To double your money you put it on BLACK!!
Hmm, actually, maybe it was Red??
:confused:
Darn I forget...
Change your front door light for a red one.
Put into a ISA account and leave it in during the uk tax year(April to april)for 12months,and you'll get interest on it tax free within a year.;)
The quesion was how to double your money, not make 1.8% interest tax-free! ;)Quote:
Originally Posted by yvonne
Are interest rates that low in the UK? :confused:Quote:
Originally Posted by superheavyrhunThe quesion was how to double your money, not make 1.8% interest tax-free! ;)Quote:
Originally Posted by yvonne
If so, all I can say is wow! I just opened a new savings acocunt last week out here and the interest was 4.9%. Anything less and your money is effectively shrinking in real terms anyway.
Yup, if it wasn't for the price of petrol we would be in a deflationary situation, and the petrol increases are the only ones keeping us about even, or maybe a minute increase. Most of the savings accounts in the uk offer around 0.05-0.5% interest, unless you either want to tie in the funds to a bond (3.5% for 2 years or more) or you check out online accounts at building societies (mine is 2.5% instant access, but that rate crashes after a year or so.Quote:
Originally Posted by milesAre interest rates that low in the UK? :confused:Quote:
Originally Posted by superheavyrhunThe quesion was how to double your money, not make 1.8% interest tax-free! ;)Quote:
Originally Posted by yvonne
If so, all I can say is wow! I just opened a new savings acocunt last week out here and the interest was 4.9%. Anything less and your money is effectively shrinking in real terms anyway.
Basic fact is that government doesn't give a shit about the people who save, because savings get them very little tax revenue, whilst spending is much better, therefore they want low interest rates to keep people borrowing and spending, and voila, the government has more money to pay for the insane borrowing the country has.
We'll soon be pulling the oliver twist act outside the IMF offices begging for a penny.
Xerox copy it. Or hit yourself with something hard til you start seeing double and directly stare at your money. There ya go.
It sounds really grim. :-\Quote:
Originally Posted by superheavyrhunYup, if it wasn't for the price of petrol we would be in a deflationary situation, and the petrol increases are the only ones keeping us about even, or maybe a minute increase. Most of the savings accounts in the uk offer around 0.05-0.5% interest, unless you either want to tie in the funds to a bond (3.5% for 2 years or more) or you check out online accounts at building societies (mine is 2.5% instant access, but that rate crashes after a year or so.Quote:
Originally Posted by milesAre interest rates that low in the UK? :confused:Quote:
Originally Posted by superheavyrhun
If so, all I can say is wow! I just opened a new savings acocunt last week out here and the interest was 4.9%. Anything less and your money is effectively shrinking in real terms anyway.
Basic fact is that government doesn't give a shit about the people who save, because savings get them very little tax revenue, whilst spending is much better, therefore they want low interest rates to keep people borrowing and spending, and voila, the government has more money to pay for the insane borrowing the country has.
We'll soon be pulling the oliver twist act outside the IMF offices begging for a penny.
The banks are charging people all this money for loan repayments and credit card charges and yet there really appears to be little to no incentive to save with rates like those. A case of take and take and offer next to nothing in return. Very harsh.
I was reading an article in some newspaper the other week (might have been The Guardian?) and it was interesting to read how they were describing the economic situation and the economy shrinking again. It also mentioned that people were saving more and it almost came across as though this was a bad thing because it was hampering growth. I find it nuts that saving for a rainy day can come across in a newspaper as being an unhealthy thing.
I wish more people would avoid loans and credit cards and start saving for themselves, but that is far from easy in the UK where expenses for everything add up pretty quickly. After taxes, health insurance, rent and bills you aren't really left with all that much. Well, I never was anyway. And with saving rates like that then you have to think "Why bother trying?".
Two year bonds for a max of 3.5% return. Ouch! :o
Yes savings is shite, but at least you have it, do not waste it. The Isa will go up from £3.6K to over £5K next year.