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Ask HN: How to become a millionaire in 3 years?

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Re: Ask HN: How to become a millionaire in 3 years?

#32

Post by babyboy808 »

henryw wrote: post #29

gotta love the ambition. here's a possible plan: 1) develop a skill, ie code a lot 2) try out a bunch of ideas quickly and find one that can make you rich. ideally, you want to find out if an idea will or will not work asap, ie 1 to 4 weeks. expect this to take many trials, like 10+. it doesn't matter when one don't work, you'd gained experience. the key is to find out quickly and not waste your whole 3 years on it.…

Number 2 is an interesting point, thank you!

Re: Ask HN: How to become a millionaire in 3 years?

#33

Post by grandalf »

ZombieCoaster wrote: post #17
grandalf wrote: post #10

In parts of Africa you can set up a artesanal diamond mine with a shovel and a strainer. Spend a few weeks there finding diamonds, then smuggle them back to the US and sell them. Document this whole process on video, then sell the rights to a documentary and do a book deal when you get back. Estimated time to completion: 4 months.

how do you not get arrested after publicly admitting you did something illegal?

Would it be illegal under US law?

Re: Ask HN: How to become a millionaire in 3 years?

#36

Post by clark-kent »

First thing you need to do, is determine how much income you want to be making. Are you happy with $1M net worth (in stocks and real estate) or do you want to make $1M USD annual income. I would rather have $100,000 monthly income than a $1M net worth on paper.

I am not a millionaire yet. I would like my annual income to exceed $1M. I don't care much about net worth.

Once you determine how much income you want to make, you can then decide how you are going to do it. Best way is a startup in a sizable market. Just my thoughts.

Re: Ask HN: How to become a millionaire in 3 years?

#37

Post by mkramlich »

Terry_B wrote: post #34
SandB0x wrote: post #8

1) Get on a reality TV show like Big Brother. 2) Do something ridiculous that will get you in the news. Leave your dignity at the door. 3) Get a publicist and milk your infamy for a couple of months.

You forgot the sex tape.

I'm pretty sure that's covered by his (2).

Re: Ask HN: How to become a millionaire in 3 years?

#38

Post by mkramlich »

chrisbennet wrote: post #35

Why? Why do you want to be millionaire? A little introspection and self knowledge might lead you to your real goals more directly. I've always been wildly successful at my goal - which was to be happy.

Being happy won't buy a car, a house, health care for you and your family, happy won't buy vacations or trips (though they in turn do buy more happy & health), etc.

Happy is good. Wealth + happy is even better. :)

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