Current Events > How can I turn the $2k I have in the bank into $100k as fast as possible?

(+) Yeah! (+)

Nothing illegal or selling my body or anything like that.

Looking for some ideas.

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Roulette

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Dogecoin

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Holy shit I thought CE was shit before all this stocks talk but now it's diarrhea. Go to Reddit.

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I have $98,000. If you combine it with my money, it'd be $100k.

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Convert it to Venezuelan or Zimbabwean dollars

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Stock options

Chances are far greater it will turn into $0

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MrResetti posted...

Roulette

How's your luck, TC?

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Start scrapping a type of car. It should be one at least 20 years old but still popular. Older Toyota SUVs and trucks are great, as even the frame left over at the end has value beyond just recycle value. I've got a friend that scraps out 3rd gen 4runners and 1st gen Tacoma's. He buys ones that are totaled or engine / trans blew up and owner doesn't want to repair it. Average purchase is $1k-3k a piece. Scrapped out each rig is $6-12k. Normally takes him 1 month to recoup the cost, but 3-4 years on average to sell the entire vehicle. He's got 20 acres and a giant shop full of parts.

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theAteam posted...

Stock options

Chances are far greater it will turn into $0

This. But if you do it right and luck is on your side, it is definitely the best way to grow money quickly.

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Parting out cars works great, you just need a lot of storage while you have the stuff listed.

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Norman_Smiley posted...

Start scrapping a type of car. It should be one at least 20 years old but still popular. Older Toyota SUVs and trucks are great, as even the frame left over at the end has value beyond just recycle value. I've got a friend that scraps out 3rd gen 4runners and 1st gen Tacoma's. He buys ones that are totaled or engine / trans blew up and owner doesn't want to repair it. Average purchase is $1k-3k a piece. Scrapped out each rig is $6-12k. Normally takes him 1 month to recoup the cost, but 3-4 years on average to sell the entire vehicle. He's got 20 acres and a giant shop full of parts.

Yo this is actually a really good idea!

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Where's the stfu option?

There used to be women on Facebook who could turn your $2000 into $4000. Haven't seen them for awhile now.

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yeah, stocks will work

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I wish I knew how to do stocks because I would totally try that. Wouldn't even know where to begin though.

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Same way to turn it into $0 as fast as possible. Gambling

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Keep 'em coming folks. So far I got:

1. Parting out old vehicles
2. Roulette

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Use the $2k to buy disguises then go around begging.

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AzurexNightmare posted...

Holy shit I thought CE was shit before all this stocks talk but now it's diarrhea. Go to Reddit.

Uh...there's no real response to what theyre asking. A casino, selling drugs would technically be the more correct answer.

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I think I got an email from a prince in some foreign land. He was looking for $2000 and promised me he would make me rich.
So find yourself a foreign prince.

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Stock options

If your lucky you could flip that to 100k it's the fastest way to make money in the stock market next to day trading.

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stocks really are your best bet. but really just another form of gambling. you could invest in a few startups that look like they might be going places, but it's a gamble. the safe bets are already spoken for and buying in is so expensive you will probably not get much value from it unless you can afford to sweep up large swaths at once. so you have to try and find things about to boom. observe market trends, make your predictions, place your bets and pray.

Norman_Smiley posted...

Start scrapping a type of car. It should be one at least 20 years old but still popular. Older Toyota SUVs and trucks are great, as even the frame left over at the end has value beyond just recycle value. I've got a friend that scraps out 3rd gen 4runners and 1st gen Tacoma's. He buys ones that are totaled or engine / trans blew up and owner doesn't want to repair it. Average purchase is $1k-3k a piece. Scrapped out each rig is $6-12k. Normally takes him 1 month to recoup the cost, but 3-4 years on average to sell the entire vehicle. He's got 20 acres and a giant shop full of parts.

what's scrapping a car? first time I heard that?

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LinkDaLunatic posted...

stocks really are your best bet. but really just another form of gambling. you could invest in a few startups that look like they might be going places, but it's a gamble. the safe bets are already spoken for and buying in is so expensive you will probably not get much value from it unless you can afford to sweep up large swaths at once. so you have to try and find things about to boom. observe market trends, make your predictions, place your bets and pray.

Stocks are not quite as gambly as casino gambling. The best explanation I've seen is that casino gambling is betting against the house and stocks are betting with the house.

Arcanine2009 posted...

what's scrapping a car? first time I heard that?

Buy a scrapped out car and sell the good parts individually.

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what about frittering your life away under a corporate thumb as a wage slave?

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Tesla options

Arcanine2009 posted...

what's scrapping a car? first time I heard that?

1) Buy a really cheap car. Normally totaled, sometimes major component failure.

2) Disassemble the car. Part prices are normally a combination of condition, color, and if there is anything unique about it. Example, a Natural White 4runner hood might go for $300 in excellent condition. A Glacier Metallic hood with a hood scoop in excellent condition would probably be closer to $800. Any of the rarer colors, my friend has multiple customers signed up to get that door in the color they need or whatever. You could also make people take the parts themselves, but you will get less money and it will take longer to part out the car.

3) List the car locally (craigslist and facebook) and on enthusiasts boards with pics, and as much detail as possible.

4) Not every part sells. At some point you've got to cut losses and recycle the rest. I'd guess my buddy recycles 75-90% of the shocks and springs, 95% of radiators [often radiators are a good money maker, not the case on this particular vehicle though).

5) You need time and space for this to work. And it works best once you become a bit established in the enthusiasts community.

There are tons of cars that this works for, but there is an element of localization to it. Like in Washington there are a few people that do this for Saabs. Not sure that market would exist elsewhere.

In general, I would say just about any truck or SUV made by an american or japanese brand is a good candidate for this. older japanese commuter cars with an enthusiast base (80s and 90s civics, CRX, accords, preludes to a slightly lesser extent), pretty much anything v8 RWD that is not a luxury car, Volvo's have a huge diehard community. BMW 3 series and some 5 series are good, I would probably avoid 7 series, whereas I would consider Mercedes S-class. Mini's are starting to look like a possibility. Subaru's are good across the board.

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Make Among Us 2

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