How would level up $100k an order of magnitude?
Ask HN: What would you do to turn $100K into $1M in 3 years?
1–10 of 43 posts
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#2What probability can you accept for losing it all?
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#3What probability can you accept for losing it all?
Assume the money disappears if it doesn't turn into $1MM.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#4It depends on the time and risk you’re willing to take.
If you’re high risk, low time then I’d just put it all in Ethereum.
If you have a large amount of time, I’d start an online business and use the $100k to hire international contractors.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#5Horses, the casino, maybe some other sports betting?
It doesn't really matter to do that in 3 years you're gambling.
If you have a business that you're passionate about and are willing to spend huge amounts of energy on you might be able to generate that sort of money with 100K starting. However I'd argue you're putting in a lot more than $100k. You'd have 3 years of lost earnings.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#6I know this Nigerian Prince...
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#7Doubling your money -- three years in a row -- would get you to $800,000. That's asking a lot. I think the only way to do it is make a lot of high-risk investments, and hope some of them pay off.
But I also think we're undervaluing the possibility of just hanging on to $100,000.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#8Assuming you are a DINK or SINK.
1. Move to cheap COL.
2. $100k = 3 years run way, and some modest expenditure (ads, servers, etc)
3. Build a bootstrapped business.
4. You might have $1m or be on your way to it.
DINK = Dual Income, No Kids
SINK = Single ""
COL = Cost of living
Or downpayment on home in upcoming area while working at FAANGs leetcoding and playing offers off each other. Renting all your rooms out, sleep in garden tent.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#9Most people will struggle to turn $100k into $100k in ten years.
Re: Ask HN: What would you do to turn $100K into $1M in 3 years?
#10Buy and sell... but know your market!
Remember - before you buy something - be quite sure you can sell it quickly and that you won't lose money on it.