Thursday, January 26, 2012

the $10 business: the first investment {#1}

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The $10 business is a financial experiment I’m doing based on Matthew 25. My goal is to see how much $10 can become in 2 years! You can read more about it along with the “rules” here.

My very first investment in the $10 business was this sweet little vintage vanity I bought at Goodwill for $5.40:

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We brought it home, put the handles back on it, listed it online as it was, and sold it for $30!

$10 initial investment – $5.40 vanity + $30.00 sale = $34.60 net {I will summarize all applicable sales/income taxes at the end of the year as a single total- so these numbers will always be pre-tax for the sake of simplicity.}

So my initial $10 more than tripled with my very first transaction! :D I was thrilled with the return! It might only be $24 in profit, but I’ll take it. :)

So far, so good! I can’t wait to see what will happen in the next few weeks!

next week: the second investment of the $10 business!

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