3 Money-Making Hobbies You Can Actually Brag About

August 26, 2010 | Posted By: Rebecca Garland
Plenty of things are touted as grand money-making hobbies, but in reality Ė would you really want your friends to see what youíve been doing to earn those few dollars? A real hobby usually costs you a bit of money to enjoy, but itís worth it for pure enjoymentís sake. Itís important to keep that in mind when considering hobbies that might actually pay off.

Penny Stocks
If you like finances and you love the idea of testing your knowledge (or gaining some knowledge) of the stock market, penny stocks might be a fun way to learn more about how the buying and selling works. With penny stocks, youíll buy very inexpensive stocks for literally pennies and then hope that the stock doubles or even triples its value over time.

The big boys spend thousands on penny stocks hoping to double their money and at that level itís a risky animal. But if you set a budget of $5 or $10 per week to invest as you please, youíre spending less than a couple of lattes and you just might come out ahead. Remember the basics of the stock market though Ė diversify your portfolio (buy lots of different things) and stay in it for the long-haul. Even if your penny stocks lose money in the roller coaster of the stock market, resist selling out until the stocks rise again. You only lose money in the stock market when you cash out.

Article Writing
Itís amazing how many people are using the gift of written gab to turn a quick buck. Youíll never get rich writing for one of the many content mills online, but writing quick articles for $10 or $15 each isnít a bad way to spend an afternoon if you happen to love writing about completely random topics. Of course, if you plan to brag about these later, youíll want to avoid writing the How to Pick Lint from Your Belly Button type articles and stick to ones that are somewhat less embarrassing in polite company.

Flipping Finds
We canít flip houses any more for a quick profit, but there are still plenty of things out there you can buy, fix-up and sell to other people. Consider old furniture. Buy the broken piece and use a bit of handyman skill to repair and re-purpose the item. Buy ugly pieces and sand them down and refinish or paint and antique the items before reselling them at craft fairs or online. You can buy up odds and ends and make collections to sell or revitalize certain items by changing the fabric or using a high-quality can of spray paint.

Get creative and start looking for the items others consider junk Ė garage sales are a perfect place to start. Find treasures and resell them. Even if you sell a box of odd tools for $1 each, youíll make a profit so long as you paid less than that for each item initially. Itís amazing how much money you can make with a big bottle of cleaning spray and a bit of savvy when it comes to finding hidden treasures.

Rebecca Garland is a veteran freelance business writer working hard to populate the internet with relevant, interesting content you can actually put to use. She writes regularly for many companies and websites such as www.pennystockclassroom.com on topics ranging from social media to penny stocks, including everything in between.
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Comments
August 26, 2010 | Posted By: luvdemdeals
where do you purchase and find these penny stocks? do you need a broker? what fees dop you pay to purchase the stocks?
thank you
August 28, 2010 | Posted By: sivartk
Hmmm...I have the opposite in the stock market...stay in just a few stocks and cash out when you make your set profit. You can always buy back in. I did the buy and hold with HHS in the late 1990's. I paid $30...it is worth $10...so much for buy and hold.
September 1, 2010 | Posted By: shash14
The initiative taken for the concern is very serious and need an
attention of every one. This is the concern which exists in the
society and needs to be eliminated from the society as soon as
possible.
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Mortgage Broker
September 1, 2010 | Posted By: calvin888
Read to see if this is the hobbie you want
http://en.wikipedia.org/wiki/Penny_stock
If losing money is constantly expected,
Buying lotto is another one, I guess...
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