We answered a reader’s question on quora.com, and here is the response. Here is the post link.
I decided to put this on the blog because I know a lot of you all are thinking the same thing. Ya know, this is a blog dedicated to getting rich and all…
Making $300,000 over the long term is relatively easy.
However, if you condense the timespan to 6 months, which I will categorize as “quickly” then things become very tricky.
As your timeline condenses, the levels of risk and/or illicit activities go up. That is because you always have to sacrifice something in order to make large sums of money. I would not recommend anyone to try and do this because it will inevitably lead to a bad outcome. But, for exercise let’s see how this could work:
The Most Obvious Route is Gambling. Sports gambling is legal in New York or Nevada. If you start with a principal amount of $50,000 then you need to go all in twice and then wager $100,000 on your third bet. That would give you $300,000 minus taxes. Your odds of success are Less than 33% in this scenario.
The Second Method that comes to mind is OnlyFans. There are a good amount of stories where people have made more than $300,000 in merely months after starting an onlyfans. The problem here is that you are trading your dignity and privacy for money. Additionally, there is no long-term career skill-building.
What You Should Actually Do:
There should never be a scenario where you need $300,000 in cash quickly. If you actually need that much money, you should take out a small business loan or a mortgage on a house. If you are simply looking to aquire $300,000 for the sake of having it, then there are far more productive ways to get it. But none of them come ‘quickly’.
