How can I make $300,000?

[LadyG]

You gonna make some one pick them out individually? I don't see someone paying YOU for that privilage.

[deevergote]

No, a technician gets paid to do that.

[rexload]

open a junkyard. dead ass serious. thats what im going to do. buy a fuck load of shitty cars, cheap land and open one.

I've never thought about a junkyard. I suppose it could potentially be profitable in the right location plus if you hire somebody to sell parts on eBay. I honestly wouldn't mind taking a risk and starting a business but I know something that big will require more dedication than 2hrs a day to get started.

A lot of people just want to get rid of their junk cars, so that's actually not a bad idea. Dunno if it'll rake in 300k in 2 years, nor if it would even be profitable for a while after the cost of the land and necessary insurance and licensing... but once all that is taken care of, just pay a small amount for 1-2 employees to be on hand, get a forklift or frontloader to move the cars around, and be sure the lot is 100% secure... and it kinda runs itself.


The two years thing is the kicker. Buying property and setting up a business is a considerable investment. Most startup businesses don't even see a profit for 3 years.

rexload, do you have any marketable skills? The best way to make money with very little investment is to use the skills you already have, and just devote your time.

Things that CAN bring in a ton of money very quickly IF you have the skill to do it:

Real Estate Agent
Public Adjuster
Anything high-risk
Truck driver (put in the hours, and take the right contracts... 300k in 2 years is possible.)

Right now I am in governmental accounting. I understand what you are saying about devoting my time to the skills I already have and I agree 100%. I am actually working on that - will be taking the CPA exam throughout this year. After that, I am seriously considering getting my MBA. However, at this point, with only one year of full time experience, my salary isn't anything to brag about.
I am young, don't have children yet, and have some free time. I would like to try something I've never tried before, take a risk, push myself to the limit, and see if I can make some money. I honestly wouldn't be disappointed if I failed, as long as I learn something. What about high-risk investments? I've met some people who were successful with it at one point or another but I am a complete noob - but that can be changed with time.

[deevergote]

In order to make any money with investments, you need to have a considerable amount of money to invest in the first place.

[HappyGilmore]

Do Music

Or you could sell yourself on a Big Wheel for dimes and nickels

[CyborgGT]

You could whore yourself out to 6,000 fat chicks for $50. Or 3,000 really fat chicks for $100. But to squeeze that into two years? ...You're gonna need some big women.

[HondaB18]

I've never thought about a junkyard. I suppose it could potentially be profitable in the right location plus if you hire somebody to sell parts on eBay. I honestly wouldn't mind taking a risk and starting a business but I know something that big will require more dedication than 2hrs a day to get started.



Right now I am in governmental accounting. I understand what you are saying about devoting my time to the skills I already have and I agree 100%. I am actually working on that - will be taking the CPA exam throughout this year. After that, I am seriously considering getting my MBA. However, at this point, with only one year of full time experience, my salary isn't anything to brag about.
I am young, don't have children yet, and have some free time. I would like to try something I've never tried before, take a risk, push myself to the limit, and see if I can make some money. I honestly wouldn't be disappointed if I failed, as long as I learn something. What about high-risk investments? I've met some people who were successful with it at one point or another but I am a complete noob - but that can be changed with time.

You want the truth?

[Losiracer2]

Be Oprah's Bitch

[Skeet Skeet]

I 2nd the junker. I make around $300-500 a week selling junk parts off Hondas I have collected, and I draw unemployment. You make a straight k in a week if you have an Integra or 5th gen Prelude.

[deevergote]

$1000 a week is only going to be 1/3 of what he's looking for. That's only $52,000 a year.




rexload, to make 300k in 2 years, you're going to need to make about 3k a week, consistently. Are you looking for something to replace your current job, or something to do on the side?

I would say make it a 3 year plan. Take the first year to get yourself positioned to earn, and spend the next two busting your ass to make it happen.

Keep your current job, and do whatever it takes to increase your income there. Say you're making 50k a year there... you're 1/3 of the way to your goal (half if you consider the first year part of the plan).

First, I'd get licensed as a realtor. The market sucks right now, but even a few sales will be a decent chunk of change. Spread the word, hustle, and try to sell other people's listings (you'll still collect a partial commission.)

Next, buy junk cars and part/flip them. You've got your finger in the Honda tuner pot... so use it to your advantage. You know what to look for, you know what to ask for parts, you know what is in demand. You have the experience and tools necessary to take a car apart.
Hell, buy a $200 metal shed, a few $30 shelving units, and a $5 lock.... and you've got storage for all the parts. Catalog them, and put them up for sale online.

Any money you don't need to live or support your business ventures, invest. Invest the majority of it in safe investments. Save only a small portion for high-risk stuff.

[rexload]

You want the truth?

Any advice is appreciated. I don't take offense to anything.

[Leung]

I don't know how credible this article is but it seems like egg cells are definitely worth more than sperm.

http://www.wired.com/medtech/health/news/2005/04/67369

What i am trying to say is, if you don't plan on having anymore children, those egg cells are only going to waste.

[deevergote]

I don't know how credible this article is but it seems like egg cells are definitely worth more than sperm.

http://www.wired.com/medtech/health/news/2005/04/67369

What i am trying to say is, if you don't plan on having anymore children, those egg cells are only going to waste.

eggs are far less common, and far more difficult to get in a usable state.
Sperm, on the other hand... there's more of that on the inside of your BVDs after you've passed a clean NSX on the highway than woman's lifetime supply of eggs.

[rexload]

I 2nd the junker. I make around $300-500 a week selling junk parts off Hondas I have collected, and I draw unemployment. You make a straight k in a week if you have an Integra or 5th gen Prelude.

In order to have a STEADY income selling junk parts, you need a place to store hundreds of junk cars plus have the time to take them apart. I just don't see that working.

[deevergote]

As a sole source of income, no.

As an additional source, it's viable. Build a shed, or rent a storage unit (a shed is cheaper.) Determine towing costs for a certain number of miles, and shop for cars within that radius. Perhaps make a deal with a towing company to use them exclusively. Buy a car, tow it home, strip it in a weekend, store the parts, and sell the shell for scrap (the going rate for scrap shells was $200... not sure if it still is...) If you get the car for $200, and sell the shell for scrap for $200, then the only investment is the towing charge and your time.
Store the parts, catalog them, photograph them, and get hustling on ebay, CL, and the forums. Anything that doesn't sell after a while, trash it or give it away. Keep organized, and everything after the actual stripping of the car should be quick and easy.

It won't make you 300k by itself, but if you really work at it, it could bring in an extra 50-100k in your 2 year time frame.




If you want to earn 300k in 2 years and you don't have the experience or education to warrant a 150k/yr salary (as in, you're not a doctor or a lawyer...) then you're going to have to draw your money from varying sources, and work VERY hard. It's perfectly doable... it just depends on how much you want it.