Scenario: No job, $10k in the bank, college degree. What's the quickest "get rich fast" strategy?

IUseToBeInDGD wrote:

Learn to invest in stock (HowTheMarketWorks.com) and remeber that bulls make money, bears make money, pigs get slaughtered.

No. Not with just 10,0000.

Take $2k and upgrade your wardrobe. The $8k becomes an emergency fund.

Get a decent job (one that you can work overtime preferably). Work hard. Dress extremely well, but live like a scumbag (live at home with parents for as long as possible, etc).

Save 60+% of your income. Max Roth IRA every single. Max 401k. Invest the rest in Index Funds. Do this for 10-12 years. Retire.

Pictures and blackmail

What the hell is wrong with you?! Fall in love with something! A person, a rock, a dream, a book, doesn't matter, just do it and stop wasting your life.

'merican dream wrote:

My guess is hitting it big in the stock market...but that could take years.

Start my own company? No startup capital...

Casino is an option. Craps all day.

Win 9 straight hands of blackjack. Preferably in a state with no income tax.

Move to a town next to a US Navy base. Make money!

Learn to sell. Get a job for Toshiba or Canon and make some fat commissions.

Go into IT, there are lots of well paying jobs which are super non-sexy and don't require much technical know how. Take a database course and become a DB administrator.

Whatever you do, DO NOT go to law school.

LasseViren10K wrote:

Go into IT, there are lots of well paying jobs which are super non-sexy and don't require much technical know how. Take a database course and become a DB administrator.

Whatever you do, DO NOT go to law school.

That will take far too long. I want to be rich like, next year. Anyone got any insider trading tips they can sneak to me in the corner of a parking garage somewhere?

Buy six or seven pounds of marijuana. Sell it all in grams and eighths. You would probably make 100k or more in a year. With this money, buy a high end setup for growing pot, and grow your own. Minus a little overhead, everything you sell would now be pure profit. Next thing you know, you'll be shipping truckloads of marijuana across the country, own a huge drug dealer mansion, and drive a Lamborghini.

Collegekid6262 wrote:

Buy six or seven pounds of marijuana. Sell it all in grams and eighths. You would probably make 100k or more in a year. With this money, buy a high end setup for growing pot, and grow your own. Minus a little overhead, everything you sell would now be pure profit. Next thing you know, you'll be shipping truckloads of marijuana across the country, own a huge drug dealer mansion, and drive a Lamborghini.

...until marijuana is federally legalized, then I'm out of a job. I'm thinking about the big bucks. How's the cocaine business doing these days?

Buy a gun. Start a mafia. Go to the local bars/clubs/hot spots and intimidate anyone and everyone who doesn't give you what you want. If deadly force is needed then so be it; you gotta get rich quick.

Start your own company. You say "no capital" but just a few years back I was out of work and started a company with $2,000 initial investment. I have experienced incredible growth each year and now 5 years later am finishing up a $250k plus profit year. My wife is very happy with the money, I am more satisfied knowing a convicted felon (me) can make an honest living and build something good for my family.

Of course not everyone can own/operate a successful company, nor have the work ethic to build it, plus I had 12 years experience as a director in the communications industry so I had experience coming into this.

Maybe play the lottery?

Ever hear of Willie Sutton? Stephanie Hightower?

make other peoples money yours wrote:

Ever hear of Willie Sutton? Stephanie Hightower?

+1

"get rich quick" will lose all your money quick.

Try buying a rental property. Then another, and another. A good way to go.

Or, start a biz doing something you love (or like).

Stock market? Only if you are an "expert". Even then, chances are you'll go bust.

Run an 800 in 1:42. You'd be fast and rich.

Mafia is not a bad idea. Marijuana is too commonplace and too much competition with cocaine. It you want the highest margin business around - meth production. There really is no one centralized doing this, just a bunch of small crackpots spread out here and there. Get it done, then you'll be rich if you can evade the law.

Horst Girth wrote:

Stock market? Only if you are an "expert". Even then, chances are you'll go bust.

You invest in index funds that buy of a portion of all stocks in a particular index and never go bust....