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Ask HN: How do I make a lot of money quickly?

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Re: Ask HN: How do I make a lot of money quickly?

#21

I would think the best way would be to start out with a large sum of money and invest it conservatively. If the initial sum is large enough, your investments will yield a lot of money quickly. Do you have access to a large sum of money?

If I did, I probably wouldn't be asking how to make money quickly.

Re: Ask HN: How do I make a lot of money quickly?

#23

I would think the best way would be to start out with a large sum of money and invest it conservatively. If the initial sum is large enough, your investments will yield a lot of money quickly. Do you have access to a large sum of money?

If I did, I probably wouldn't be asking how to make money quickly.

Well you should have stated that clearly in the initial prompt, I'm not in the business of making assumptions.

Re: Ask HN: How do I make a lot of money quickly?

#26

Reduce your cost of living. Simplest and most direct approach that is easy for you to control. Penny saved is a penny earned and all that.

This can be a good approach, but it's fundamentally limited. If your living expenses are $X/month, the biggest increase you can get by reducing expenses is $X/month.

OTOH, if you focus on producing something, you can potentially achieve $X*BIGNUM/month

Re: Ask HN: How do I make a lot of money quickly?

#27

Earlier quoted context omitted.

If I did, I probably wouldn't be asking how to make money quickly.

Well you should have stated that clearly in the initial prompt, I'm not in the business of making assumptions.

You're correct. I meant my response as tongue in cheek, though that didn't really translate well in text, my apologies.

Re: Ask HN: How do I make a lot of money quickly?

#29
post #9

Get a job and live minimally? $5k take-home is about $75k/yr.

Have a job, struggle to live minimally when I have about $2k in expenses that I'm locked into.

This sounds like a choice. Get out of that situation. Sell your car. Pay off debt. Get roommates. Stop eating out.

For someone your age, reducing fixed costs should be fairly easy, but still require some life changes that will be uncomfortable at first.

Re: Ask HN: How do I make a lot of money quickly?

#30
post #29

Earlier quoted context omitted.

Have a job, struggle to live minimally when I have about $2k in expenses that I'm locked into.

This sounds like a choice. Get out of that situation. Sell your car. Pay off debt. Get roommates. Stop eating out. For someone your age, reducing fixed costs should be fairly easy, but still require some life changes that will be uncomfortable at first.

Actually the reason I'm looking to make money is to get out from under this car lease that I mistakenly took on, and have enough for first+last months rent and a security deposit at a new, more affordable place.
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