If you have some spare cash, invest it, don’t leave it sitting about – it’s not going to make you any more cash that way!
There are loads of bedroom college dreamers and wannabe teen entrepreneurs who need cash to put their ideas in to action. It’s always a risk giving strangers money. You may never see it again. But just think, what if you had invested in facebook or youtube or google or any of these multi billion dollar sites?
Today’s losers are tomorrow’s winners and it’s crucial to realise that some 14 year old entrepreneur you’re talking to today, could end up being a billionaire in a few years time.
So always respect and guide those people who ask for help or even cash. Never dismiss anyone unless you know they are just after a fast buck. Having a relationship with future superstars could well pay off not today, but down the line when the tables may be turned and you need a dig out.
Don’t get me wrong, I wouldn’t throw my cash at a stranger who promises me the world, but if I got talking to them, did a little research and maybe joined up on a partnership paying for a host and domains, programming etc… (rather than giving them the money directly), it would be a pretty low risk investment that could well mature in to a profitable business and relationship.
One word of advice though, never invest what you can’t afford to lose. Investing is calculated gambling and an art in itself. A few hundred bucks is all I’d invest as quite simply, I don’t have the cash to throw around. But if you’ve a few hundred grand lying around, it’s a different story.
To catch all the latest and greatest e-startups, head to KillerStartUps or mashable.
