I have 50k and want to make money within three months. Any suggestions?
Have you considered buying a digital business that generates passive income? I started by creating my own digital businesses and selling them. Once I had enough funds, I began purchasing businesses. I bought one last year for a little over $5k, and now it earns me $2k a month and is still growing. It’s been a solid investment, and I plan to sell it at its peak to start over with another acquisition.
@Hollis
This sounds great, congratulations! I’d love to learn more about this; do you have any resources to recommend? Building businesses sounds more appealing to me than running them.
Tate said:
@Hollis
This sounds great, congratulations! I’d love to learn more about this; do you have any resources to recommend? Building businesses sounds more appealing to me than running them.
Thanks! I find digital businesses through this newsletter digital sniper that sends out weekly emails featuring top digital businesses for sale, including analysis and buyer tips. It’s been my go-to resource. Then I look on YouTube to find out how to build a ‘SaaS’, ‘dropshipping’, ‘content website’, or ‘Amazon KDP’ business, depending on what I find. I chat with the sellers to understand their profitability and how I can help grow the business based on what they haven’t done yet.
After that, it’s about choosing the right one and expanding on it. When I sell, I use Flippa or businessesforsale. Flippa is perfect for SaaS and content sites while Businesses for Sale is great more for e-commerce dropshipping. Good luck! If you want more info, just ask!
@Hollis
Would you be willing to help a dad of three young kids? I’d love to spend more time with them instead of working six days a week.
There’s a lot of potential if you’re open to considering various approaches.
How about investing in Nvidia stocks?
Definitely buy NVDA.
Aiming to triple your money in three months is quite ambitious. Honestly, that’s a risky move and could lead to problems. Investing generally requires time and patience. I’ve been diving into investing for about a year and I’ve learned that a slow and steady approach usually wins. If you’re looking for quick returns, investing may not be the right path. Have you thought about other options like freelancing or side hustles?
Consider a High Yield Savings Account (HYSA).
You could buy an existing digital store, purchase niche Instagram accounts related to your products, promote those products on those pages, then use funds to run Instagram ads to the store. Keep repeating that with a few stores. It doesn’t all need to succeed; even one hitting big would be good—just not financial advice.
Real estate is another option. I invest between $50k and $500k in commercial deals as a passive partner. You get paid monthly or quarterly depending on the deal and a big gain when sold.
You could invest in short-term stocks or crypto, or flip products in e-commerce. Funding a side hustle with potential for quick returns, like dropshipping or digital products, is another option. Just keep in mind that faster returns typically come with higher risks.
Maybe lottery tickets could be a chance?
Zen said:
Maybe lottery tickets could be a chance?
Lotteries have negative expectations. The seller makes money while buyers collectively lose. You might argue that one person could win big, but that’s similar to swimming in a crocodile-infested lake. Your chances of surviving are slim. Understanding basic math helps clarify this.
@Case
That’s a tough truth to face! Seriously, I figure for three-month efforts, obligations are more realistic.