How would you go about making 50k profit in one year?

Discussion in 'Money Management & Banking' started by D'Mo, 25th Jan, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
  1. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    If it was absolutely necessary?

    I'm talking legit money, nothing shady lol

    How would you go about making 50k?

    If you currently have 10k or so already ;)

    Just need some inspiration because I want 2016 to be dynamic
     
  2. Kashmir

    Kashmir Well-Known Member

    Joined:
    5th Aug, 2015
    Posts:
    78
    Location:
    Sydney, NSW
    Uber, airbnb, side business - photography etc
     
  3. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,872
    Location:
    Sydney
    Be good at selling.
     
  4. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    Airbnb would be good if I had a property I could do that with
     
  5. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    Selling what? ;)
     
  6. See Change

    See Change Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,111
    Location:
    Sydney
    Get a job .

    10k isn't going to get a property .

    If you need to ask the question , your not going to turn 10 k into 50 k on the share market and probably not in a business .

    Get a job and some experience and then you wont need to ask a bunch of strangers on a forum .

    Cliff
     
    Last edited: 25th Jan, 2016
    mini2, Bentley, Hanison and 5 others like this.
  7. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city
    ever heard of a starving artist ?

    I think it will be hard apart from a real risky gamble of some kind to get that return quickly, I am happy to be shown wrong tho.... :)
     
    Tyler Durden, See Change and D'Mo like this.
  8. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    Disregarding see change's captain obvious reply .. But thanks for your comment I guess

    Yea the photography is tough for me, as I have no skills in that lol

    I wouldn't mind putting my money into doing an event.. Music gig, getting an artist that is well known, possibly rural towns that don't get that much exposure to 'events'
     
  9. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    I'm talking 50k on top of my wages .. As it wasn't obvious already.
     
    Tyler Durden and Heinz57 like this.
  10. Foxdan

    Foxdan Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    457
    Location:
    Hills district, sydney
    Have you considered becoming a professional gambler? They can earn good money

    Always pick black.
     
  11. See Change

    See Change Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,111
    Location:
    Sydney
    Have you had any experience in music promotion ? Do you have any contacts ?

    An artist who is well known isn't going to go with an unknown new promoter with no experience and 10 k to their name ....

    Cliff
     
  12. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    Lol my luck was never good at star city :/
     
  13. See Change

    See Change Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,111
    Location:
    Sydney
    Get a second job .....:eek:

    Cliff
     
    neK, Sackie and Chilliblue like this.
  14. Foxdan

    Foxdan Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    457
    Location:
    Hills district, sydney
    Stick with the music idea then. Sounds like a better option.

    Beyoncé has never been to goulburn RSL.
     
    Pins, Lincsus, Set81 and 5 others like this.
  15. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    Lol thinking a little less extravagant

    Do people still listen to Shannon Noll ? Lol
     
  16. See Change

    See Change Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,111
    Location:
    Sydney
    I know someone who put three kids through private schools betting on horses . Said he made about a 3 % profit on his turn over . But he did have a lifetime of experience in the industry .

    His family were all SP bookies ,

    Cliff
     
  17. Sonamic

    Sonamic Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,340
    Location:
    Sunny QLD
    Sell a testicle to science and you'd be halfway there.
     
    Lincsus, Bayview and mrdobalina like this.
  18. D'Mo

    D'Mo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    147
    Location:
    Sydney
    * would consider haha
     
  19. Foxdan

    Foxdan Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    457
    Location:
    Hills district, sydney
    There you go @D'Mo , gambling is your answer and @See Change is supporting you.

    Just remember to time the betting market.
     
  20. See Change

    See Change Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,111
    Location:
    Sydney
    Mm .... Yes .....

    Maybe not music .

    He will have top line management , and if you wanted to get him for a night , I'd be surprised if you had have any money left over to actually hire a venue .....

    Though I may be wrong .

    Cliff
     

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia