I saw this post from Quora which perked me to ask myself, what would I do if I were in that position?
At first I thought, oh lend the money to someone who is in need and charge an interest of 30%. BUT what if you are given only two hours to compound the money? Then I came up with the following ideas:
1. Grab a $5-meal from Subway. think of a product. create a presentation or a script. go out and pitch the project to your friends. ask them to pledge! #friendfunding 🙂 If you have more time, pitch it to a crowd, #crowdfunding 🙂
2. Buy the $2-pack of stickers, sell each sticker for $1 and say that it’s for a cause. If they ask which cause, just say it’s for a greater cause! #causefunding
3. Forget about the $5, pretend you actually have no money to spend at all and start thinking, how am I going to earn money? Do data encoding? Part-time programming? Web designing? Work opportunities which only require your brain, your time and your soft skills.
If it were you, what would you do?
If you are interested to read that post in Quora, follow this link: I have $5. What is the best way to invest and grow my money?