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As suggested by all the posters suggesting straight up gambling, I think that doing this reliably; doubling your money in one month, is going to be pretty diff
by lsc 16y ago
As suggested by all the posters suggesting straight up gambling, I think that doing this reliably; doubling your money in one month, is going to be pretty difficult.
As I was saying before, if you have some special skill to add to the mix, that helps a lot (remember, a top end SysAdmin around here can earn $14K/month contracting, before taxes and stuff, so you wouldn't be doubling the money in a month in that case, you'd be adding 50% value, still damn good, and paying yourself a good wage.)
The thing is, doubling your money in a month is a what, 1200% annual return? no, it's more, if it compounds monthly, quite a lot more. You can bet that any investment with even a small chance of that kind of return gets all kinds of money thrown at it, to the point where those niches where this sort of thing is possible are filled right quick.
But yeah. Maybe you can pull that off for one month (hell, if you really hustled, and billed out at top end rates without a recruiter, you can make twenty five grand consulting as a SysAdmin. I mean, I couldn't... I've gotten that kind of hourly rate for short gigs, but I lack the sales skills to do that for a whole month.) but doubling that fifty grand the next month? doing it again? yeah, your odds start looking more and more like a day at the races.