🪖 As always, a welcome to all new subscribers. And a big thank you to all you loyal readers. In this week’s issue: the markets, latest news from Israel, the freelance side hustle, the latest contracting job openings, and the opening of The Veteran’s Wallet Pro.
Last week, I received enough positive feedback for opening the premium content side of The Veteran’s Wallet.
Much appreciated on all the replies/responses. Because of this, I have decided to open a secondary/premium side of the Veteran’s Wallet (if interested). I’ve been working on this nonstop. This is why I am sending this email this evening, my apologies.
Read time: 3 minutes
Photo: Sergey Ponomarev via/ The New York Times
Israel-Gaza War | The latest updates indicate that on Tuesday, Israel reported its military has retaken towns close to Gaza. This comes after Palestinian forces initiated a significant cross-border attack last Saturday. Israel is preparing for the subsequent steps, with its officials indicating a rigorous action against Hamas fighters. In its fourth day, the death toll reaches 1,600, including at least 700 Israelis, 560 Palestinians, and 11 U.S. citizens.
> Robert F. Kennedy Jr. revealed his 2024 Independent presidential bid, potentially influencing the tight race between President Biden and former President Trump, the leading GOP contender.
> Guatemala gripped by Pro-Democracy protests as clashes erupt over presidential election controversy. The fight is well into its second week in the country.
> Afghanistan earthquake kills at least 2,000. In western Afghanistan’s Zinda Jan district, Saturday’s 6.3-magnitude earthquake struck without warning.
Retail Arbitrage (aka. Retail Flipping)
Perhaps one of the most ancient, simple ways to make money in all human history is arbitrage, aka. flipping:
Buy something. Sell it for more. Pocket the profit.
The hack is to (1) find something you can buy for a significant discount, which you can then (2) sell to customers who would willingly pay substantially more for it. And the bigger that price difference. The juicer your profit margins.
In this week's newsletter, we’ll show you how to practically hunt for retail treasure today to make a totally viable side hustle out of it. Let’s start…
STEP 1: Do your research | You don’t want to stock up on discounted items, only to find that they’re being sold for just a little more—or heaven forbid, the same price—as what you’ve bought it for.
So before buying anything, do your research on Amazon/eBay to find out what market prices. The practical way: go out sourcing, but bring your mobile with internet connection with you.
STEP 2: Find steeply discounted goods | To make sure you’re not depending on a non-sane person to hand you 3x more money for something which they could buy readily for a fraction of it themselves…you’ll have to find discounts which when hiked up, still hold up to the marketplace demand.
Hot places to find steep discounts for retails items include:
> Clearance sections: think Walmart/Target/Best Buys clearance sections
> Seasonal Items: that end-of-Christmas clearance sale? Time to stock up
> Discount Stores: familiar names include TJ Maxx, Marshalls, and Ross reselling branded products
> Thrift Stores: lots of junk to browse through, but a prime place to find collectible/vintage stuff
> Online Marketplaces: from Craigslist to Facebook Marketplace, think of them as online garage sales
STEP 3: Sell online and ace logistics | Say you’ve gone treasure hunting. You’ve found items that are being sold for substantially more online. Now: you just have to sell it.
But here are all the parts hidden in that ‘just’ part:
> You gotta pick a platform: Amazon, eBay, or Craigslist, one of them or all of them
> You gotta list it: take catchy photos, write up a snappy product description, and price it to market
> You gotta store it: when you’re just starting, do it from home or Fulfilled By Amazon (FBA)
> You gotta ship it: the necessary steps of packing your product, labeling it, and shipping it
> You gotta customer-support it: Respond fast to inquiries, address issues, and take care of returns. Your reputation as a seller depends on it.
✉️ If you’re interested in going deeper into various financial topics, we recommend these newsletters:
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