Mountain guy wrote:
It's to buy a house for my parents.
Right now I make 45K per year. Low expenses.
I was half kidding about the army. But you only make 45k a year? My suggestion of the army seems like a better idea now afterall. Get in as national guard, do a few deployments, then just do your 1 weekend a month, 2 weeks a year until your contract is up. Enjoy the free health care for life.
Mountain guy wrote:
It's to buy a house for my parents.
Mountain guy wrote:
Thank you all for your posts.
To give a bit more info, it is something I have decided for myself. In two year time, I'll buy a home for my folks. I understand some people might say, be patient, take more time, but truth is I don't have time. My parents are not in great shape, my mom especially. Time is not on my side, that's all I can say. Also, it pisses me off that they never owned a home although they worked hard all their lives, late at night, weekends, etc.
I looked at the real estate market and saw small houses that need work going for that price in their area. It's cheap compared to most places, but they don't live in a big city and it's discounted because those houses need work.
I can do most renovation work by myself.
So it sounds like you're trying to buy a cheap, $200k small house, outright? Does that really matter to you to pay for it cash, or can you just get a mortgage? It would seem you're pretty far off from being able to accumulate $200k cash in 24 months, just because you "decided" to. I would be realistic and do what you can and finance the rest.
We're still unclear (from your vague posts) what you do and what your skillset is. If you're not up for the military or national guard route, you may be able to do some sort of overseas work that has decent pay and housing/living paid for. I know people who have done this teaching abroad or working in foreign ex-pat communities (Saudi, Africa, China , etc.) You're committed, but you can walk away with a nice bit of money by living cheap and having housing/food paid for.
While your intentions may be good, it seems like a bad plan.
The simple answer is you have to make a lot more money. You have to net $10,000 per month if you want to pay straight up cash.
Starting from zero that's a tough thing to do without taking a huge amount of risk.
Think about real estate? See if you can do some wholesaleing, flipping, anything. You put yourself at risk though with anything to make that much so quickly.
Why can't your parents get their own house, and why can't they settle for a cheaper one?
Unless they're too old to work - in which case they don't need a big house and should settle for a nice retirement community condo or apartment - they should at least contribute to the raising of this 200k. Have them stand by the highway with signs that say "need 200k for a house." They'll collect quite a bit just for the unusual sign.
Mountain guy wrote:
It's to buy a house for my parents.
Right now I make 45K per year. Low expenses.
So if you make 45K a year now the odds of you coming up with $200K in 2 years(legally or some fluke gambling luck) seem extremely low. You'd basically need to immediately quadruple your income and have less than $20K a year in expenses. This is just not reality.
I don't know the details behind this two-year deadline to buy a $200K house for your parents just sounds like a terrible idea. There are just so many ways I could see that going south and damaging your relationship with them.
i have no idea what your skills are, but...
1) buy rice, eggs, and chicken in bulk at a warehouse store. make fried rice out of this. it will save you money and make you full while also staying low on calories. also buy a good multivitamin to make up for whatever you don't have in your diet.
2) buy coffee. assuming you're an idiot, you probably can't find a job that pays 100K a year, so you will probably need to work 2 jobs that hopefully pay 40K a year. 2 full time jobs a day is exhausting and you'll need coffee to stay awake. coffee is bad for you, so maybe only take it every other day. do take 1 day off per week
3) to make up for whatever money you still need, you can make some passive income by buying super cheap things at clearance stores or online and then resell them on sites like ebay or craigslist.
do keep in mind that you need to pay tax, so good luck with that.
2 years is plenty of time to "fall in love" and marry a rich chick. If she doesn't want to buy your house, divorce and take half.
Mountain guy wrote:
I need 200K (minimum) by August 2021, so in a little less than 2 years.
Money savvy guys, help a runner out, how would do it?
The only thing I can think of is a risky investment, like Bitcoin, which I don't know much about.
7/10
nice trolling...OP has talent
Mountain guy wrote:
I didn't think of sales. Not sure I'd be good at it, I'm pretty quiet and not pushy.
Don't let anyone tell you that you have to be someone you're not to be good at sales. Sales is about persistence, timing, and a lot of hard work. With the right products in the right territory, you could kill it.
Mountain guy wrote:
It's to buy a house for my parents.
Right now I make 45K per year. Low expenses.
2/10 try harder
Get a job somewhere where no one else wants to go.
For example, get a job in the oil and gas industry in Northern Canada. You will have to live up in a miserable eternal winter away from the rest of society, but you will be paid really well to do so.
I hear driving for Uber is a great gig to make some quick money.
pkrr wrote:
2 years is plenty of time to "fall in love" and marry a rich chick. If she doesn't want to buy your house, divorce and take half.
A maybe smart guy I once knew used to say, "you can make more in fifteen minutes at the altar than you'll make in a lifetime of hard work"
Time to get in the gym and marry an old rich lady.
I make $37,999 minimum a month being a bib mule. If you want I can send you a info packet for $250 that will give all you need to know about how to become a premiere, sought after bib mule.
There as guys on wall street willing to pay big bucks just to have a top 200 finish time in the Las Vegas Rock n Roll marathon. Last year I got 10 large from a hedge fund manage. In that race I wore a blinking mini laser necklace so he could see his bib go by from the comfort of his suite above the strip. (that was a $1200 extra). And that is not the only extra available. I provided the escorts he shared his suite with and quality pharmaceuticals, all for $9999. With the right clientele the extras add up.
I use a technique where my running shirt has mini pockets on the inside where I can carry up to 5 timing chips. As long as your times are not in the top 100 overall, no one will notice or care that 5 people crossed the start and finish at the same time.
If you want the info packet be advised I only take bitcoin.
why. what is the money for. lol
Ron Basejam wrote:
So it sounds like you're trying to buy a cheap, $200k small house, outright? Does that really matter to you to pay for it cash, or can you just get a mortgage? It would seem you're pretty far off from being able to accumulate $200k cash in 24 months, just because you "decided" to. I would be realistic and do what you can and finance the rest.
We're still unclear (from your vague posts) what you do and what your skillset is. If you're not up for the military or national guard route, you may be able to do some sort of overseas work that has decent pay and housing/living paid for. I know people who have done this teaching abroad or working in foreign ex-pat communities (Saudi, Africa, China , etc.) You're committed, but you can walk away with a nice bit of money by living cheap and having housing/food paid for.
Yes yes yes. Dude you're not going to accumulate $200k in two years.
All you need to buy your parents this house is to earn an extra $15k per year. Save that for two years and you'll have a downpayment (yes it's less than 20% - people do it all the time). Then going forward use the extra $15k to pay for the mortgage. If your parents are in poor health then they'll be gone in 10 years time and you sell the house then. You'll have provided a free home to them for the rest of their lives.
But seriously - don't kill yourself. You only need $300 a week for that extra $15k, definitely attainable with some additional part-time work without giving up your entire life.
Fletch1 wrote:
Mr. McGuire wrote:
Plastics! There’s a great future in plastics. Think about it. Will you think about it?
The future is ball bearings, son, not plastics!
No, its cardboard boxes. Buy a box company and get Amazon as a customer, cuz they use lots of boxes.
And You can get used boxes for free to recycle and make new boxes so you have no materials cost.
How much have you now?Your best bet is gambling.If you have 40 k now you can do a treble bet to turn it into 200k.All Blacks to win Rugby World Cup 4/5,Liverpool to win Premiership 4/5 and Celtic to win Scottish Premiership 4/7.That will return you a shade over 203k.You will have it in May next year.Thank me then
Juice Springsteen wrote:
What do you owe money to the mob?
I doubt it, he would be gone by now.