Question

How to turn 200 dollars into 2000?

my dad bet me that if i could turn 200 dollars into 2000 dollars that I could have 200 of it.. The guidelines are that I have two tries to turn the 200 dollars into 2000 dollars. I can make an investment in something and make money but i have to use the two hundred dollars in doing so or at least some of the money... I am 13 years old and need some ideas plzz help :))

Answers

Invest in gold

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Invest in Apple.

(Stock Symbol: AAPL)

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Invest in Google.

(Stock Symbol: GOOG)

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General Strategies on Saving Money and Earning More Money

Save as much money as you can! You'll be surprised as to how quickly you can save a lot of money!

Here are a few suggestions:

Ways To Save Money & Ways To Earn More Money (Updated on 08/13/2010)

Don't go out to eat. Example: don't eat out at fancy, high-class restaurants. Instead, eat at a fast food restaurant or cook a healthy meal at home. It is much cheaper than the alternative.

If you are a teen or a young adult, you might want to hold a bake sale. You can have your other friends help you out, so that you can help attain your goal of saving and/or making more money.

If you have a habit of buying new clothes very often, then resist the urge to buy new clothes for a little while. You could potentially save a good amount of money.

Take personal finance courses online or at a high school or college/university.

If you are a teen or a young adult, you may want to have a dog-walking service.

To help you manage your money, try http://www.mint.com/

Talk to a customer service representative at a bank or other financial institution and learn more about financial instruments.

Don't go out to watch new movies in theaters. Watch movies on your TV at home. Rent movies using Netflix.

If you are a teen, you may want to think about babysitting. You can babysit your neighbor's children.

Don't spend too much money when going out with friends. Have a budget in mind before you actually meet up with your friends.

If you are a teen, you could try to mow the lawn. Many of your neighbors probably want their lawns to be mowed at a fraction of the price that they pay others to do the same work.

Invest your money in a CD (certificate of deposit). You can hold your money in a CD for 6 months or even a year. It generally pays more interest than the interest you get from a traditional savings account from a bank.

If you are a teen, do chores around the house. Your parents will appreciate it and you might get some money for it.

If you like to invest your money in the stock market, then you may want to invest your money in a commodity, such as gold. The value/price of gold is expected to increase in the future.

If you are a teen, then make sure to save the money that you get from your allowance (if you get an allowance).

If you like to invest your money in the stock market, then you may want to invest your money in specific large-cap and medium-cap companies that you trust. Apple (Stock Symbol: AAPL) and Google (Stock Symbol: GOOG) are two such stocks where you can choose to invest your money.

Try to sell something of value that you are willing to part with. Sell your old stuff on websites where many people make purchases, such as ebay or craigslist. You could also sell your stuff through a garage sale or a yard sale.

Try to hold a donation drive where your family, close friends, neighbors, and other acquaintances will be able to help you out and donate a little bit of money. These people will include your parents, brothers, sisters, close friends, relatives, grandparents, neighbors, and other acquaintances.

If all else fails, borrow money from other people (parents, brothers, sisters, close friends, relatives, grandparents, neighbors, acquaintances, etc.) in order to get a short-term loan.

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Hope that helped!

#1

Internet Porn. If you can't make money there, then you might as well give up.

#2

Probably by investing it in a stock that is presently low in price

hoping for it to go up sky high. Like Ford Motors or AIG.

#3

If you invested in a really good lawnmower, you could provide a mowing service. If you mowed 5 lawns a day @ $20 a time, that is $100. Twenty days like this would earn $2000. If you didn't mow as many as 5 each day, it would take longer to reach your goal.

If you don't fancy lawn-mowing, think of something else and invest in the equipment necessary, then go and earn your money.

#4