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I'm 36. I have tons of free time. No debts. How can I become a millionaire in 4 years?

Kthulhu

Kthulhu

Member
Oct 25, 2017
14,670
Get into real estate. Maybe go to a good business school and hope you get lucky.

Honestly most of the rich people out there (that don't own property or a company) do boring jobs that happen to be high skill like make fracking equipment or specialize in tax law.
 
Fat4all

Fat4all

Woke up, got a money tag, swears a lot
Member
Oct 25, 2017
92,946
here
Walter White Walker said:
Real estate, bro. It's free money.
Click to expand...
Click to shrink...
source.gif
 
dhlt25

dhlt25

Member
Oct 27, 2017
1,819
get a HELOC on your house and spent it all on moon stocks (TSLA, SHOP, ZM, etc.)
 

Deleted member 2620

User requested account closure
Banned
Oct 25, 2017
4,491
just have your parents give you a couple hundred K to start or wait and inherit it like most other millionaires
 
Chasex

Chasex

Member
Oct 29, 2017
1,696
Join a promising tech startup and make sure you get equity. As far as likelihood of success goes... I don't think this can be beat. If you have a skill, don't waste it on some faceless mega-corp. Advice for anyone, really.
 
Pwnz

Pwnz

Member
Oct 28, 2017
14,279
Places
Acquire 100k, have no soul, invest it all in cigarette companies, wait 6-8 years (sorry, 4 isnt doable even with 3+% sin dividends quarterly)
 
rpm

rpm

Into the Woods
The Fallen
Oct 25, 2017
12,356
Parts Unknown
On a scale of 1 to 10, how confident are you in overthrowing your local government and establishing an independent sovereign state
 

Deleted member 52442

User requested account closure
Banned
Jan 24, 2019
10,774
Find a service or product that people either

1. need now
2. will need after we make it past coronavirus

spend your time developing your knowledge and skills of said product/service, and start hitting hard throughout this time + when things start to look better globally.

Focus on NEEDS over wants.

Probably the greatest chance of making it from a general standpoint
 
T0M

T0M

Alt-Account
Banned
Aug 13, 2019
900
play options on the stock market

if you're willing to yolo all your money you'll get rich in no time
 
rpm

rpm

Into the Woods
The Fallen
Oct 25, 2017
12,356
Parts Unknown
Do you look like any celebrity? Just show up to a place they're supposed to be, act like them, collect their paycheck, easy
 
rpm

rpm

Into the Woods
The Fallen
Oct 25, 2017
12,356
Parts Unknown
Step 1: Buy this:
2789174-1308957327-61emJ.jpg

Step 2: Trade it in to your local game store, even at their minimum valuation per game (let's say 50 cents)
Step 3: Congrats, you now have $350,000 in store credit, or approximately $4.63 in real money
 
TaterTots

TaterTots

Member
Oct 27, 2017
12,968
Write a bangin' ass catchy song. Then hire a team of people to spread it around social media. Hope it blows up like Old Town Road did.
 
Toxicgonzo

Toxicgonzo

Avenger
Oct 31, 2017
269
Actual advice - invest in high leverage fianancial derivatives.

Buy worthless stock options with expirations more than 1 year out
 
FUME5

FUME5

Banned
Oct 25, 2017
6,421
Fernando, we all know the only thing you are gonna do with your downtime is create more weird ass threads.
 
MrPoppins

MrPoppins

Member
Oct 27, 2017
931
Silicon Valley - CA
Not sure what amount of free cash you have but if significant...Invest heavily in good stocks and crypto currencies late April/early May when Covid cases and unemployment are peaking and everything is in the toilet. Be a multi millionaire in 5 years.
 

Deleted member 20284

User requested account closure
Banned
Oct 28, 2017
2,889
If I could go back to being 20 here's what I'd do with retrospect and before family/wife lifestyle etc.

1. Buy a property at the upper end of your borrowing range and rent it out to the maximum you can. Do not live in it.
2. Rent the cheapest and shittiest place located in a "cheap end" of town you can stand to house yourself in.
3. Pay down every dollar you can to remove debt early on the mortgage.
4. Leverage equity to invest in more properties doing the same as above.
5. Stop renting and buy your own place when you're comfortable.

As you outright own your property and have little debt you can easily use that equity from step #4 to invest in rentals. Now diversify into medium risk stocks, put a cash lumpsum on the side for more high risk investments. Depending on your cashflow/income and overall asset value you could ramp up very nicely indeed. Given the current downturn due to Covid 19 if you have access to liquid capital or a line of credit you could invest and wait the next 6 months to 3 years for things to stabilise in real estate and stocks to maximise your exit timing/return.
 
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