"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book. There is ample opportunity to use wealth in this world, and neither I nor my friends, nor anyone else I have ever met, has so much of it that they are interested in putting themselves at a disadvantage by sharing their secrets."
Victor Niederhoffer, The Education of a Speculator
Micron stock buy, sell in one year. Memory is getting very pricey, it is the wooden handles of the 'when everyone digs for gold, make money from selling shovels'. Perhaps Nvidia is the decently shaped metal shovel head.
This is an interesting question; very few people in here would be able to make a $1M in a year. However, for me personally, I would probably use the money I have now to buy whatever nice flashy thing I have to seem rich, and go around interviewing any millionaire I can find for the first 6 months. I may have to exaggerate a few things to avoid appearing too impoverished and secure at least a handful. I would get their contacts and tell them I connect rich people. The next 2 months will probably be spent creating and marketing an agency that links rich people together while still interviewing millionaires. The remaining months would be spent going hard on the interviews and selling the service of linking people to millionaires. I know this is easier said than done, and there is a high chance I fail, but this is my answer to the question. I got this idea from a YouTube channel I used to watch.
Anybody who answers and hasn't like, tried and succeded at least 8 times starting from 0, is not adding to any discussion. So good luck in finding relevant answers.
Maybe true, but one armchair observation that may go against the YC-bias is that it's more about execution than idea, and probably half of that is participation not exceptional execution.
Look at all the highstreet nail salons - no innovation, and not a whole lot to differentiate them. They are just providing a product/service where there is known demand, and taking a slice of the pie.
$1M in 1 year seem a pretty high bar starting from scratch, but on a longer timeframe things like real-estate rental and franchise businesses seem an all but guaranteed way to get rich just "taking a slice of the pie" beyond what you'll do working for someone else.
First think about what it is you actually want to do with that money.
Then do that thing instead of trying to make a million.
Want to have a sailing yacht? You can go as crew and sail on yachts as much as your heart desires and pretty much anywhere you want. I mean actually piloting the yacht at the steering wheel. You'll had enough of sailing in much shorter time than it takes to make a million.
Want to be a millionaire so that you can sleep with the most beautiful girls? You can do that by going to whores for much less than a million, if you're only focusing on the money route.
Want to be a millionaire so you can live on the beach? You can live on the beach for much less, as evident by millions of poor people living on the beach.
And you can usually have the highest quality of anything it is you desire in the world, for a fair price.
Want to be a millionaire to have a Ferrari? If you want to go fast you can have a sports motorcycle for a fraction of that cost, and much more fun to ride.
Whatever it is that your million bucks can bring you, you can have it easier if you clear your mind and ask yourself what it is you really want.
One thing I want is to be able to travel the world and visit certain locations known for their historic value. Visiting the Auschwitz-Birkenau Memorial and Museum, because of my interest in that period of history. This is just one example of a place I'd love to visit.
But...
As I write this I realize you're right and you don't need a million dollars for that. But I don't have enough boney to fulfill that dream either, thus, a million dollars would be nice to have.
"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book. There is ample opportunity to use wealth in this world, and neither I nor my friends, nor anyone else I have ever met, has so much of it that they are interested in putting themselves at a disadvantage by sharing their secrets."
Victor Niederhoffer, The Education of a Speculator
Micron stock buy, sell in one year. Memory is getting very pricey, it is the wooden handles of the 'when everyone digs for gold, make money from selling shovels'. Perhaps Nvidia is the decently shaped metal shovel head.
Get a job at Anthropic, ask for 100% of salary in stock.
Provide real value (target “strongly exceeds expectations”) and get a good bonus.
At my current comp level, With a four year vest and one year vesting cliff that’d probably do the trick. (I should probably go do that)
stack 4/5 jobs, put the money into TQQQ (levered nasdaq), by far the easiest and most certain
Can't be done. You have to spend a minimum of seven years building a valuable skill set first.
And even then...
This is an interesting question; very few people in here would be able to make a $1M in a year. However, for me personally, I would probably use the money I have now to buy whatever nice flashy thing I have to seem rich, and go around interviewing any millionaire I can find for the first 6 months. I may have to exaggerate a few things to avoid appearing too impoverished and secure at least a handful. I would get their contacts and tell them I connect rich people. The next 2 months will probably be spent creating and marketing an agency that links rich people together while still interviewing millionaires. The remaining months would be spent going hard on the interviews and selling the service of linking people to millionaires. I know this is easier said than done, and there is a high chance I fail, but this is my answer to the question. I got this idea from a YouTube channel I used to watch.
What's stopping you from doing this now? Serious question.
Edit: Besides, are millionaires easily accessible to people who aren't millionaires?
> are millionaires easily accessible to people who aren't millionaires?
No, but the OP said:
> I would probably use the money I have now to buy whatever nice flashy thing I have to seem rich
A good con artist can get far that way.
Same as it was last time.
Earn an easy-to-agree-upon 10% commission selling $10M of somebody elses' goods that they really need to move this year.
If anyone really had a workable, get rich quick plan, why would they waste their time reading or sharing with HN?
Maybe if the real plan was to sell access to "the plan"?
Anybody who answers and hasn't like, tried and succeded at least 8 times starting from 0, is not adding to any discussion. So good luck in finding relevant answers.
Maybe true, but one armchair observation that may go against the YC-bias is that it's more about execution than idea, and probably half of that is participation not exceptional execution.
Look at all the highstreet nail salons - no innovation, and not a whole lot to differentiate them. They are just providing a product/service where there is known demand, and taking a slice of the pie.
$1M in 1 year seem a pretty high bar starting from scratch, but on a longer timeframe things like real-estate rental and franchise businesses seem an all but guaranteed way to get rich just "taking a slice of the pie" beyond what you'll do working for someone else.
First think about what it is you actually want to do with that money.
Then do that thing instead of trying to make a million.
Want to have a sailing yacht? You can go as crew and sail on yachts as much as your heart desires and pretty much anywhere you want. I mean actually piloting the yacht at the steering wheel. You'll had enough of sailing in much shorter time than it takes to make a million.
Want to be a millionaire so that you can sleep with the most beautiful girls? You can do that by going to whores for much less than a million, if you're only focusing on the money route.
Want to be a millionaire so you can live on the beach? You can live on the beach for much less, as evident by millions of poor people living on the beach.
And you can usually have the highest quality of anything it is you desire in the world, for a fair price.
Want to be a millionaire to have a Ferrari? If you want to go fast you can have a sports motorcycle for a fraction of that cost, and much more fun to ride.
Whatever it is that your million bucks can bring you, you can have it easier if you clear your mind and ask yourself what it is you really want.
I upvoted you because it's a great comment.
But to answer your question of what it is I want.
One thing I want is to be able to travel the world and visit certain locations known for their historic value. Visiting the Auschwitz-Birkenau Memorial and Museum, because of my interest in that period of history. This is just one example of a place I'd love to visit.
But...
As I write this I realize you're right and you don't need a million dollars for that. But I don't have enough boney to fulfill that dream either, thus, a million dollars would be nice to have.
Just want to say this is such a great comment. I'll be thinking about it for a while.
You can get there in about 12 hours.
Just fly wherever your current wealth amount figure equates to $1M in local purchasing power vs. where you live right now.
That way you'd also fulfill the next step in the hedonistic tradmill after you make $1M:
"It's not sufficient that I win, everyone else must lose"
2 birds with one stone.