Easiest way to make $100M, wrong answers only
Easiest way to make a $100M. Wrong answers only
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Diamond mining in Africa by hand.
https://www.forbes.com/sites/lisettevoytko/2021/04/08/how-billionaires-…
Financial services is the most common path to being a billionaire, followed by tech and manufacturing.
Hey Drumpfy, what part of “wrong answers only” did you not get?
He's a libx.. what do you expect?
Hoping that any startup will make it to 100M.
Not only are most ideas/young companies never going to reach that point, the founders will also be giving up a lot of equity along the way to even get there. Their net worth is, in all likelihood, not going to be that high.
I met hundreds of founders through our PE/VC teams and they are all great people. But they also said they were hoping to be richer than they actually were. I know of multiple serial entrepreneurs who had plenty of liquidity events and they are still "only" in the 15M-45M range.
Not every idea out there will make 100M for the founder.
(That doesn't mean people should stop trying!).
Assuming your starting base of capital is a fraction of your end target, you will need to put on as much risk as possible. Therefore the odds of going bust are probly 9.9/10 with a .1/10 chance for lotto gains. But basically, ridiculously outsized gains are usually driven by the concentration of risk (i.e. going all-in) and of course applying maximum leverage.
Here are some options that will leave you either in the poor house or the 9 digit club:
1 - Take out as much leverage as you can service with your monthly cashflows. Downgrade your lifestyle to a cup of ramen soup a day while living in East New York. Then put that loan + your entire net worth into the most leveraged and volatile ETF possible and add more on margin. Something like TQQQ which gives you 3X leverage but I think there may be 4X or 5X leverage exposure ETFs? Not sure. Anyway probably best to do this after a correction.
2 - Do all of the above except instead of shares of ETF buy short-dated options on a highly leveraged ETF. Probably best to do this after a correction when it's bottomed and is back on the upswing. Rinse and repeat weekly, going all-in and compounding gains until you get to your number. Set aside a small portion of your wins every week and all-in with the rest (because you'll probably go bust the 2nd or 3rd time doing this consecutively).
3 - Do all of the above except instead of leveraged ETFs or options, put all of your capital into some shitcoin. Cash-out after you've 2x'd or 3x'd on that shitcoin and compound those gains on the next shitcoin which hopefully will also 2x or 3x for you. Three or four 2-3x flips stacked on top of each other will result in incredible gains when fully leveraged and fully concentrated. Stalk the online crypto forums and see what people are going to pump next and get in early. In early, out early is the key trick here.
4 - Any type of illegal, scalable activity where you are high in the chain of command. I.E. Cartel leader or some other non-legal activity where you have a network of people under you, doing your bidding. Not recommended.
Good luck!
Somehow I feel like this is the right answer
Sounds like a recipe to become the trader in Squid Game
You mention servicing using monthly cash flows. how would one actually source a loan for this? Say I’m going to work at a bank and will make $40k after tax/expenses on my $110k base. What would terms look like?
Any examples or further reading on this? Seems interesting/humorous at the very least haha
You take out a personal loan. HSBC, Citizens Bank, etc. Terms and approval will be based on your credit history, assets, and presumably income too -- like any other credit approval process...
This dude scammed Google and Facebook out of $100M by sending them fake invoices which they paid for a while without looking into them.
https://www.npr.org/2019/03/25/706715377/man-pleads-guilty-to-phishing-…
Seems like they only made him forfeit half of it, but on the downside, he will be in jail for like 30 years.
Anyone have this mans contact? I have a few questions I'd like to run by him.
1) How did you get caught?
2) What would you change to not get caught in the future?
MD at Tobin & Co.
Garbage collector, accountant, grave digger
Easiest path to 100mm I see is being @Isaiah_53_5 💎🙌💎🙌💎"s pimp
Dogecoin
Netscape
Ignoring probability, I would think winning the lottery would be the highest reward / effort ratio out there.
You’re wrong. The topic said wrong answers only. The lottery would in fact be the easiest way to get $100 million, so this is the right answer, not the wrong answer. Pay attention.
Well you have to ignore probability. If you don't ignore, it's statistically one of THE hardest. Sorry, I was just one step ahead of you on this one.
GME - what a joke
The obvious answer is blowjobs.
100 blowjobs at $1m a pop
100,000 blowjobs at $100 dollars a pop (behind the Wendy's dumpster works well)
Following every instagram and youtube "financial" guru and fake trader, also following everything elon musk says...
I had a neighbor once who was a "Pet Chaplain". Dude just prayed for people's pets. Seems like a wrong answer.
Step 1: Be born into it
Step 2: profit
I got a pen you can but for $100M
The secret ingredient to this is crime
become an entrepreneur
Have your roommate at Cen****** tell you what he is working on. Then join ****** ******* as a trader. Convince your MD to allow a massive order. Boom.
This totally did not happen and that fake people I just made up is not facing a case.
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