How I Am Growing $0 to $80,000 and How You Can Too
A side hustle that anyone can do
Money is laying all around us, and with some time and effort, you can turn $0 into a surprising amount of money. On August 7th, I started a 0–1k challenge where my goal was to turn $0 to $1,000.
To take it one step further, I then opened a Roth IRA account, and assuming I do not add anything, my $1,050 will grow to over $80,000 in 40 years assuming an 11.5% return.
I accomplished my 0–1k challenge goal in less than two months and netted $1,050 in 51 days. This is an article about how I did that.
Flipping
I accomplished this goal by flipping thrift items. What is flipping? Flipping is when you buy something for $X and sell it for $X + $Y, and make a profit.
There is a similar concept called retail arbitrage. The main difference is that with retail arbitrage, the items that you flip are new. I mainly flipped thrift items, though some sold items were new.
The Journey in Numbers
