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Ok, I have a HUGE credit card bill...like, 15k. i have only one credit card, so this is it. i take home about 2,600. i have a home, i have been investing for 3 years in my Roth IRA and 403b.
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Does bankruptcy ruin or life or can you rebound >? |
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Can you live off the interest of a million dollars? |
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I know it's a long shot, but I just thought I'd ask! Additional Details If you're feeling charitable, email me!... |
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So if Amway can make anyone a millionaire...how come we aren't all selling Amway and becoming instant rich |
folks?
Why not just start all homeless people off with selling Amway? That would end homelessness? Right?... |
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Im 14 years old how can i help my parents economiclly if theyre having a bad job time caused by the winter? |
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chocotabbie | What would be the best, quickest and safe-ish way for me to double 20k? |
Additional Details Excuse me i do have a job! :)
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Wallace E
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There is no safe way to quickly double your 20k.... unless you have one of those science-fiction-movie cloning machines. I have often wondered why all those people selling their investing newsletters weren't all millionaires! Pick a reliable investment company and buy a mutual fund with good long term results.... then stay with it.
P.S. You can't doing it raising Bullmastiffs, either. Tried that! |
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Thin Kaboudit
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Put it in a broad market fund (or an ETF that tracks the broader market, like SPY or DIA, reinvest all dividends.
Wait 5-8 years. Voila! $40K
Easy. |
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Saucy Spider
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If there was a quick and safesih way to double 20k I think we would all be doing it. |
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emeraldisle2222
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There is no quick or easy or safe way to do that.
Stock markets are down at the moment.
A good time for buying.
That advice is worth thousands, but is yours for free.
Good luck! |
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Vol
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Place a bet on a roulette table and bet it on Red or Black. |
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rainbow
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get a job and save |
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madhu s
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In 6 months time it can be doubled by carefully investing in commodity market. But you must be very sure of the positions you take, you must decide your entry and exit level. By doing this i can assure you can double it in 6 months. |
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Joe
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The real estate market isn't that great right now for selling, but there are plenty of places out there that are going for cheap. Buy one and live there for a few years. You wont have your 20K anymore, but you will have 20k in equity. And with each mortgage payment you make your equity goes up. In a couple of years the market will rebound and house prices will go up, even more equity. Then sell it off, or make some upgrades and then sell it. |
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RT
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Offer loans at 30% or more and turn in dead beats to collection agents. |
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Natalie S
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It can be done. Put 10k in an ING savings account. They have the highest interest I know of right now. I would then invest the rest. The stock market is shaky but you can still make out. Consult a stockbroker and research the companies you want to invest in. Some people like IPOs and others like safe, established companies like coca-cola. Choose what ever is right for you. If you can get a mortgage I would put the 20k down on a house or condo and rent it out. Use the income from the rent to pay the mortgage and when the place is paid off you only paid 20k for it.
Good Luck girl!!! |
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Jonathan Eddy
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You can try Doubling Stocks. So far this year, they have kept their promises: ensure that their stock picks double. Their average returns per stock so far is slightly more than 100%.
You just invest 20k on their recommended stock and the investment should double in less than 1 month.
http://hubpages.com/hub/Doubling_Stocks_An_Easy_Way_to_Make_Money |
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