How Do I Invest Money Into Cars - Wheels Make Dollars
We're not talking ten million dollar Ferraris here, nor Shelbys or Hemi Cudas, but plain and simple cars.
Start with a few hundred dollars, and you could soon find yourself looking at the vintage auto market before you know it.
It's all about compound sales, making your money go further by buying the right car at the right time.
It's simple, really: begin by buying a $1000 motor than needs a bit of work - a good clean, a polish, very little outlay - and put it back on the market for a couple of thousand dollars.
You now have $2000 to do the same thing, but starting with a better model that will command a better price when you resell.
Have a look at these doubling steps: 1000 = 2000 2000 = 4000 4000 = 8000 8000 = 16000 16000 = 32000 Five transactions and you're already into serious money.
Now watch what happens next: 32000 = 64000 64000 = 128000 128000 = 256000 Three more moves and you've got quarter of a million dollars! Looks unlikely? Of course, you have to be on the ball to make it work: read the right magazines and see what the market wants, look to auctions for bargain prices, speculate on models that the experts believe are about to come into fashion, and buy examples that need a little work to bring them up to scratch.
This way you may pay a few dollars for a valet here and there, or replace some parts and touch up some paintwork, and if you make the car you bought more attractive than it was, it will sell for more than you paid.
Start with a few hundred dollars, and you could soon find yourself looking at the vintage auto market before you know it.
It's all about compound sales, making your money go further by buying the right car at the right time.
It's simple, really: begin by buying a $1000 motor than needs a bit of work - a good clean, a polish, very little outlay - and put it back on the market for a couple of thousand dollars.
You now have $2000 to do the same thing, but starting with a better model that will command a better price when you resell.
Have a look at these doubling steps: 1000 = 2000 2000 = 4000 4000 = 8000 8000 = 16000 16000 = 32000 Five transactions and you're already into serious money.
Now watch what happens next: 32000 = 64000 64000 = 128000 128000 = 256000 Three more moves and you've got quarter of a million dollars! Looks unlikely? Of course, you have to be on the ball to make it work: read the right magazines and see what the market wants, look to auctions for bargain prices, speculate on models that the experts believe are about to come into fashion, and buy examples that need a little work to bring them up to scratch.
This way you may pay a few dollars for a valet here and there, or replace some parts and touch up some paintwork, and if you make the car you bought more attractive than it was, it will sell for more than you paid.