Buy It When It’s Cheap, And Sell It When It’s Not!

Buy low, and sell high! How many times have you heard this before?

In the world of business, it is perhaps the single best advice anyone could receive! Why, you ask? Well, it’s the true path to making a killing (in other words: a ton of cash). And in order to make money, you need to know two important details: the right time to buy and the right time to sell. For instance, if you can buy something for a mere dollar and then turn around and sell it for $5, then you’ve just made some money/profit (cool, huh?). If, on the other hand, you buy it for a buck and can’t find someone willing to give you more than 50 cents for it, then you’ve just lost money. With this in mind, one can clearly see that the ultimate goal to any business endeavor is to buy as low as possible and sell as high as you can.

Now, the real key is to find something’s true worth, before you buy it! With this in mind, you should really only buy something when the time is right (unless you don’t care about wasting money). When to know when that time has come: when your something (let’s call it a widget … because everyone else does, and it make it much easier) falls below it’s true worth by a very tempting margin (which will either cut down on your losses, or pump up your earning, depending on the end results).

Once you own this widget, you’ll need to keep tracking its value over time (not every single hour of the day, like the greed-drenched day traders who have no life) and when the value rises to a much higher premium than its actual worth, it’s time to unload it (you didn’t get attached to it, did you? No? Good!). The lesson you should have learned from all of this: All business decisions should be guided by comparing something to its true worth, not by some hyped-up frenzy that the idiots started (note: most of them will lose their shirts)!

This is all that’s to it (in a nutshell of course)! Now on to the good stuff for all the collectors out there … eBay is a great place to earn tons of money, especially if you know how to use it right! Go ahead, and take a few Saturday mornings  to look around at a bunch of neighborhood yard sales. While you’re there, start buying up all the valuable stuff you can find, but only offer the seller peanuts. Then go home and sell these gems online to get a super high return on your investment. As anyone in this game can tell you: the opportunities really are endless, but the legwork seriously scares the weak-willed away (note: this is a good, no great, thing). By using this knowledge that you have just gained, you can almost bank a profit anywhere, and before you know it you’ll have a s@#tload of money sitting in your savings account, and the balls to quit your crummy job!

Unfortunately most people who live beyond their means are doing the complete opposite of everything this article stands for, but they’ll only find this out in hindsight (after the losses have already been made). Too bad for them … and potentially great news for you! Good luck, my friend!