Tag Page finance

#finance
Betty Scott

the stock i bragged about… and then lost money on

Last spring, I bought a “hot stock” everyone on Reddit was hyping. I watched the price climb and imagined the profits paying for a family vacation. So I bragged. Told friends, even hinted to my wife we might finally replace the old car. Then it tanked. Fast. I sold in panic, locking in the loss. The worst part wasn’t the money—it was the embarrassment. But it forced me to face the truth: gambling isn’t investing. If you don’t understand what you’re buying, you’re not an investor, you’re just a hopeful speculator. Since then, I stopped chasing tips. I stick to simple index funds and automatic contributions. Boring? Yes. But my account balance is finally growing steadily, and I sleep a lot better at night. #finance #investing #makemoney

the stock i bragged about… and then lost money on
Betty Scott

the garage full of mistakes that taught me how to flip

When I first tried flipping, I thought I’d figured out the easiest side hustle. Buy cheap, sell higher — how hard could it be? I still remember the first deal: an old chair I picked up for $10, sold it for $25. I felt unstoppable… until I realized I’d driven thirty minutes across town, wasted gas, and the buyer haggled me down at the last second. That’s when it hit me — making money isn’t just about the difference between what you pay and what you earn. It’s also about the energy, the time, the little invisible costs. The first month I barely made enough to cover fuel, but the experience taught me how to spot what was actually worth flipping. I started to recognize items that move fast — small appliances, kids’ bikes, tools — and I stopped saying yes to every “deal” that came my way. It wasn’t glamorous. Some nights I’d sit staring at a dusty box in my garage, wondering why I thought anyone would buy it. But the lesson stuck: money isn’t just in the math, it’s in the discipline to walk away from bad trades and the patience to hold on to good ones. #Finance #SideHustle #Flipping #MakeMoney

the garage full of mistakes that taught me how to flip
Betty Scott

the small win that felt big(2024)

By November I wanted something calmer and closer to what I’m good at. I’ve kept a family budget for fifteen years, helped two friends shake off credit card debt, and I like talking about money without making people feel dumb. So I booked the church classroom for two Saturdays, printed twenty flyers that said “budgeting, for real people—pay what you want,” and brought a box of Costco cookies. Seventeen showed up the first weekend. Twelve the next. We talked about “why” before “how,” then opened bank apps together and built a simple zero-based plan on paper. Nobody got a lecture. Everyone left with a first draft that could survive a Tuesday at 6 p.m. In the donation jar: $612 the first week, $408 the second. Costs were under a hundred bucks. Two people asked for one-on-one sessions at $150 each in December. It wasn’t flashy, but it felt honest. Across the year, after the flips and lawns and the flop and the car saga, this was the win that made sense. Teach what you already do. Price it simply. Keep the bar low enough that people actually walk in. Money followed, quietly. So did momentum. #Finance #MakeMoney #SideHustle #Budgeting #Community

the small win that felt big(2024)
Betty Scott

i tried renting our car. never again.

2024,September was the “what if we Turo the old Camry” month. It’s a 2014, clean, reliable. I photographed it at dusk, listed it mid-week, underpriced to get the first booking. It worked. Three weekends went fine, then came the door ding. Not huge, but enough to trigger photos, messages, and that sinking feeling you get when you realize your side hustle now involves insurance language. We resolved it, sort of. I ended up netting seventy-eight dollars across six weeks after a claim deductible and an extra wash, which is to say I bought myself a headache with a tip. The upside? I now know exactly how to screen guests, set mileage, and document every inch of a car in thirty seconds. The lesson? Some hustles pay you in stress first and money much later. I closed the listing and redirected my energy to something that lets me sleep. #Finance #MakeMoney #SideHustle #Turo #RiskManagement

i tried renting our car. never again.
Betty Scott

a summer flop: notebooks nobody wanted

July humbled me. I tried the “passive income” route—designed a gratitude journal and a simple budget planner on Canva, uploaded to KDP, and told myself the internet would do the rest. I spent $127 on ads and a seven-day keyword tool trial. Sold eleven copies. Royalties: twenty-two dollars and change. I pulled the ads, fixed typos, rewrote the descriptions to sound like an actual human, and waited. Crickets. The truth was obvious: online plays take time and distribution you don’t get for free. My mistake wasn’t trying—it was assuming my first attempt deserved attention. I let the journals sit, chalked up a $105 loss, and went back to things I could control this month. But I kept one habit from that detour: every listing I write now (on any platform) reads like I’m talking to one specific person. It converts better. Even when it’s a used rake. #Finance #MakeMoney #SideHustle #PassiveIncomeMyth #KDP

a summer flop: notebooks nobody wanted
Betty Scott

turning dust into dollars: challenge 1 begins

Day 1 of the Money Lab. I started with a simple rule: if I haven’t used it in 12 months, it’s for sale. First victim: an old treadmill that’s been holding my laundry hostage. Posted it on Facebook Marketplace for $150, got an offer for $120 in two hours. Took it. Cash in hand is better than a perfect price. Then I went after smaller stuff: A box of Lego my son outgrew ($45), two golf clubs collecting dust in the garage ($35), and a set of kitchen knives still in their box ($25). By the end of the week, I’d turned junk into $225. Here’s the thing — you don’t need “entrepreneurial talent” to do this. You need speed. List the item as soon as you decide to sell, use clear photos, and never waste time holding for “maybe buyers.” This $225 is now the seed for Challenge 2. And for the first time, my garage can breathe again. #Finance #MakeMoney #SideHustle #DeclutterToCash

turning dust into dollars: challenge 1 begins
Betty Scott

flipping $225: challenge 2 gets risky

The $225 from selling my clutter was sitting in an envelope. Cash feels different — heavier, almost like it dares you to do something bold. I decided to flip it. Not in stocks. Not in crypto. In something I could see, touch, and resell. Saturday morning, I hit a neighborhood yard sale. Picked up a vintage Polaroid camera for $30. Two mid-century chairs for $40 each. A leather jacket for $20. Back home, I listed everything on Facebook Marketplace and eBay. The Polaroid sold in 6 hours for $95. One chair went for $120, the other for $110. The jacket? $65. In two days, my $225 became $410. Here’s the thing — profit hides in plain sight. Sometimes, it’s just a dusty chair and a jacket someone doesn’t want. #Finance #MakeMoney #SideHustle #FlippingForProfit

flipping $225: challenge 2 gets risky