sfuller94
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Here's a way that you can turn $20 buck into a Million. When I left home in 1985, I had $10 bucks in my pocket. I joined the U.S. Army. I used the $10 bucks for cab fare to the MEPS center in Dallas to be sworn in.
After leaving the service, I went to college at Texas A&M and obtained a degree in Electrical Engineering. Then after working for around 12 years in industry I went back and obtained my Masters Degree in Business Administration. This netted me a 6 figure job after about a two year search.
Becuase of joining the service, my original $10 bucks netted me a college education at a total out of pocket expense of around $15K. In roughly 8 years, I will have earned well north of $1Million in salary. Much of which will be stored away in a retirement account.
If I look back to when I was 19 and the original $10 bucks that I invested in a cab ride, that $10 at retirement will net me well over $1Million in savings.
Now, for a quick math lesson. If you invest $10 when you are 20 and it turns into $1M when you are age 60 what was your return on your investment:
FV = PV(1+i)^n, thus, shuffling the terms around
nth_root of (FV/PV) - 1 = i
a quick Excel calculation comes up with = 33.35% return on your money.
Now the Credit card companies charge 26%-28%. I think I'm getting the better end of the deal.
Good Luck. |
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midnitrondavu
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If I knew I would already have beaten you to it! Anyway, just play the lottery. |
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astralpen
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By investing it. |
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hazel a
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Invest it and wait for about three hundred years. Saving $2.00 a day will earn, in a normal savings account, a million dollars is forty years. You do the math. |
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Gary H
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Simple. Double it 17 times. |
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Jeff S (AM~Natural Selector)
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blackjack table. let it ride. you just need to win 16 hands in a row...and you've turned $20 into 1.3 Million.
sure, winning 16 hands in a row is borderline impossible and if you lose any of them, you've turned $20 into $0....but i think its the most plausible way. |
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321bebo123
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i know this one
what you want to do is buy something cheap, like a pen. Then if you see a randomer with a slightly better pen, you ask if they would like to swap. The you could swap this pen for something slightly better. Soon you'll have something worth a million... maybe
This will take ages but good luck with it. |
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TONY S
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Buy and sell. Keeping buying and selling.
Buy low and sell high.
For example, go to a tag sale and buy an old but good guitar for $20. Sell it on ebay or somewhere like that for say $50 or $75. Then invest the $75, and turn it to $200, etc.
Keep buying and selling your way up the ladder until you can afford an item that, in time, will reap a million. Such as a real estate holding. |
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darkdiva
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Enter a Texas holdem turnament. |
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no1nosemax
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Photocopy it 49,999 times. |
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flamejt
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win a loto? |
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yoda the twentysecond
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Send me the twenty and I'll send you 51 winning lottery numbers + the same amount of winning Mega numbers. |
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f_blan
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if i had that answer i would be a millionaire.
so good luck |
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Rupert W
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You can't. Next!
Let's be specific, it can be done but not by someone who asks us for ideas. So one can but you can't. |
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who_me
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Well when you find out tell me :) |
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Valerie H
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When you find the answer let me know! |
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Jake G
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put it into duplacator machine a lot of times that should do it and hey if you want you can buy my duplacator machine but it will cost 20 bucks |
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в.ѕz
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photocopy the bill like 500000 times? |
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raguse7
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@ a rate of return of like........ 45753929039042 % Growth per Nano-second |
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stopping the madness
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With one crazy idea |
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Adri
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think of a great idea 4 a company orrr invest it |
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Frank Castle
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Open a brokerage account at Zecco and buy one share in Deutsche Telekom (The third largest telecommunications company in the World) and one share in Mitsubishi UFJ Financial Group (The 20th largest bank in the World) and hold them for 80 years. |
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bunny b
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take the 20 n buy sum bakin soda n sell crack hahaha lol nahh jusz playin buht i dunno....good question tho c[= |
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