Raising cash in a hurry #2: Wringing gold from aluminum cans
Filed under: Entrepreneurship, Reduce, Reuse, Recycle, Simplification, Wealth
Late on rent? Loan shark breathing down your neck? Can't fill your car with gas to get to work on Monday? Assuming all available funds and traditional sources of credit are tapped out, here are 25 (legal) ways to raise cash in a few days. We list them in order from least to most desperate.
100,000 homeless can't be wrong! In states that require a deposit, 50 cans could bring you $2.50. As scrap, 32 cans make a pound, worth 70 cents.
When I need a little quick cash, I simply grab a little poundage from my cache of scrap aluminum cans and turn them into legal tender. Junk aluminum cans are everywhere, and just about any town has someone who'll pay cash for them. The trick is to get enough of them to make it worth your while, and find a way of managing them which keeps you from getting disgusted with the whole proposition.
Finding enough scrap cans is fairly easy. I scan parking lots and ditch lines. I keep a couple of plastic shopping bags handy to throw cans into. Most people you know send aluminum cans into their recycling bin. I have found that if you make a routine of collecting the cans from them for yourself, they are more than happy to hold them for you. Coworkers are also a good source of scrap cans.
Processing and storage is probably the most difficult part of my can saving project. The foremost rule for me is to deal with the cans as soon as possible after I receive them. I crush the cans a number of different ways, and I store them outside the house and as discreetly as possible. Aluminum cans take up a lot of room. That is why many people are put off of the idea of saving them. However, when crushed, you'd be amazed at how much poundage you can conveniently store. By crushing the cans and keeping them in sealed plastic bags, you can easily save up enough of them to make the hobby well worth your while.
Grab a shopping cart and go hunting!
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Reader Comments (Page 1 of 1)
6-17-2008 @ 11:39AM
CAROL BRYANT said...
I SAVE CANS ALL THE TIME.WE ONLY BUY SODAS IN CANS.I DONT CRUSH MY CANS. I TOOK WIRE LIKE FOR A FENCE AND MADE BASKETS PUT WIRE ON BOTTOM NOW ALL I DO IS LACE THE BASKET OUTSIDE AND FILL.THEY ARE EASY TO LOAD,EASY TO UNLOAD AND YOU CAN PLACE THEM ANY WHERE.FRIENDS, NEIGHBORS AND THE LOCAL BARS ARE MORE APT TO ALLOW YOU TO PLACE YOUR BASKET OUT BACK THEN TO HAVE BAGS OF CANS EVERYWHERE.IF YOU SAVE CAN YOU WILL LOVE THE BASKETS MUCH CLEANER THEN BAGS.NO BRAKAGE.AROUND$40.00 YOU CAN MAKE 5 TO 6 BASKETS THAT LAST FOREVER.I`VE HAD MINE 8 YEARS OR BETTER.
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7-31-2008 @ 4:20PM
Karleen Smith said...
Hey Guys i just found new way to make money selling my old scrap gold this is the the site for the people i used http://www.cashforgoldusa.com . i will used them again....:)
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