16 February 2010
What is the best way to make money on my PayPal balance?
Posted by admin under: Personal Finance .
I have started to sell some higher dollar items on ebay. My question is my account usually has a decent balance in it from all of the payments. What would be the best way to make that high balance work for me and earn some interest etc? Currently the money just sits in my account until I transfer it to my checking to make payments. Any ideas you have would be great!
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One Comment so far...
lancenewman1978 Says:
20 February 2010 at 12:03 am.
the first thing is to obtain a copy of your credit report. some of the possibilities may require you knowing the number assigned to you by the 3 reporting agencies.
next is to find what some people want, and find it at such a price that allows you to provide it to them at a profit above its cost and expenses for a profit to allow for you to repeat this cycle.
where most people seem to get into trouble is not controlling their own personal spending habits. if you spend a good portion of profits on stuff that is unnecessary then the whole thing is a moot point.
my suggestion and yes i’ll help someone advertise their product, is to read “Rich dad, poor dad” and can most likely be checked out at the local library. in order to be a successful salesperson in any field you need to have a nice variety of financial education. unless you don’t want to repeat this cycle throughout your life. 
good fortune to you.