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Ask HN: What would you do to turn $100K into $1M in 3 years?

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Re: Ask HN: What would you do to turn $100K into $1M in 3 years?

#22

Post by readonthegoapp »

kevinventullo wrote: post #21
readonthegoapp wrote: post #20

Quoted post unavailable.

You may want to double check chatgpt’s math on that one…

it seemed pretty reasonable.

but yeah maybe short a year, or short 25% or so.

... this says 116% interest would be required, not 99%.

https://www.calculatestuff.com/financial/compound-interest-c...

Re: Ask HN: What would you do to turn $100K into $1M in 3 years?

#23

Post by xupybd »

davewasthere wrote: post #15

Casino. All on Black. Repeat 3 more times (hoping your luck holds out for each). 16x in under an hour. (or zero most likely... but definitely lowest effort) I don't recommend this approach however But yeah, if you're talking USD, then one could easily live comfortably for five years in Vietnam/Thailand for $20k/year. (Although you could easily live in a ton of countries if you pick your town/city/area correctly) Then…

Vietnam for $20K US a year. That is a very good lifestyle. You could do the same here in NZ and the cost of living is much higher.

If you are trying to save as much as possible you'd be able to live on half that in Vietnam easily.

Re: Ask HN: What would you do to turn $100K into $1M in 3 years?

#25

Post by kevinventullo »

readonthegoapp wrote: post #22
kevinventullo wrote: post #21

Earlier quoted context omitted.

You may want to double check chatgpt’s math on that one…

it seemed pretty reasonable. but yeah maybe short a year, or short 25% or so. ... this says 116% interest would be required, not 99%. https://www.calculatestuff.com/financial/compound-interest-c...

Ok let me be more explicit. This part

  $1,000,000^(1/3) = $100,000^(1/3)(1 + r)

  This simplifies to:

  $100 = (1 + r)
makes absolutely no sense. The LHS should be not only unitless, but equal to the cube root of 10.

Re: Ask HN: What would you do to turn $100K into $1M in 3 years?

#27

Post by pdevr »

Find a product you can promote using paid traffic, which yields you enough margins.

Assuming that you get paid monthly, that there are no caps on the product, and that you get the same margins consistently:

A product with 100% margin will have you grossing $1 million in four months.

A product with 50% margin will have you grossing $1 million in six months.

A product with 25% margin will have you grossing $1 million in eleven months.

A product with 20% margin will have you grossing $1 million in fourteen months.

Even a product with a mere 10% margin will have you grossing $1 million in a little over two years.

Re: Ask HN: What would you do to turn $100K into $1M in 3 years?

#28

Post by readonthegoapp »

kevinventullo wrote: post #25
readonthegoapp wrote: post #22

Earlier quoted context omitted.

it seemed pretty reasonable. but yeah maybe short a year, or short 25% or so. ... this says 116% interest would be required, not 99%. https://www.calculatestuff.com/financial/compound-interest-c...

Ok let me be more explicit. This part $1,000,000^(1/3) = $100,000^(1/3)(1 + r) This simplifies to: $100 = (1 + r) makes absolutely no sense. The LHS should be not only unitless, but equal to the cube root of 10.

yep, you right.

i didn't pay any attention to the maths, just the outcome.

but then i tried to do the maths myself and got hella confused.

turns out i was doing "10^1/3" (3.33) in google instead of "10^(1/3)" (1.154).

so, that's lame - i guess gpt got confused about how to handle the exponential algebra.

so it ends up being something like:

  $1,000,000 = $100,000(1+r)^3

  10 = (1+r)^3

  10^(1/3) = (1+r)

  2.154 = 1+r

  1.154 = r

  R = 115%
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