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  1. #1
    artdrops's Avatar
    artdrops is offline Senior Member
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    Lightbulb A Chain Reaction: How would YOU turn $1,000 into $1,000,000?!

    How would YOU do it? Everything happens in a series of events, some good - some bad, but how would you parlay $1000 into $1,000,000. With just a few series of events, do you think you could do it? Think about it, hmmm.........
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  2. #2
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    P11
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    If you know how to do it, stocks. If not invest in a really good idea, or maybe start up your own potential business....and lastly play 1000 dollars worth of lottery tickets

  3. #3
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    I would say stocks are longterm, think shorter amount of time. Lottery tickets would be the quickest way to lose $1000. Investing in a really good idea is only good if the market is ready to embrace the idea.
    Good start though. Also, think in terms of a series of events, a chain reaction if you will, but a bit more calculated.
    Let's here some more!
    Last edited by artdrops; 08-13-2006 at 10:53 PM.
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  4. #4
    breatheeasy17 is offline Senior Member
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    Iraqi Dinar

  5. #5
    artdrops's Avatar
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    Quote Originally Posted by breatheeasy17
    Iraqi Dinar
    US Dollars only
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  6. #6
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    LOL more like converting your money into Lebanese currency

  7. #7
    artdrops's Avatar
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    How would you do it? There must be a blueprint for doing what others have accomplished in a rather small amount of time. Think about it.
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  8. #8
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    Anymore Ideas?
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  9. #9
    BOG
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    start a HYIP program.

  10. #10
    artdrops's Avatar
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    Quote Originally Posted by BOG
    start a HYIP program.
    What is a HYIP program. Can explain please.
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  11. #11
    NeeJam is offline YE Veteran
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    Quote Originally Posted by artdrops
    What is a HYIP program. Can explain please.
    http://en.wikipedia.org/wiki/HYIP

    I'm A Moderator On These Forums, If You Need Any Help Feel Free To PM Me

  12. #12
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    Quote Originally Posted by n-james
    I don't think this would be a good idea because:
    No HYIP has, as yet, survived for very long without turning out to be a scam. Scam HYIPs are Ponzi schemes, in which new investors (usually unwittingly) provide the cash to pay a profit to existing investors, which they could then withdraw leaving nothing to pay the new investor. This approach allows the scam to continue as long as new investors are found and/or old investors leave their money in the scheme, known as compounding (because even higher profits are promised).

    HYIPs are frequently advertised in spam emails, forums or mailing lists, since people are typically given a commission (for example, 9% of invested funds) when they provide a referral of a new customer.

    HYIPs typically are not based in the United States, Europe, or Japan - countries that have strong laws against unregistered investment programs. HYIPs disclose little or no detail about the principals, management, location, or other aspects of whom is getting the money to be invested, and relatively little information (other than asserting that they do various types of trading on various stock and other exchanges) on how their investment programs actually work.
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  13. #13
    chem is offline Senior Member
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    Buy art supplys and draw 10,000 pictures in one year for 100 dollars each.

  14. #14
    BOG
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    Quote Originally Posted by artdrops
    I don't think this would be a good idea because:
    I'm aware what it is. I had a associate that started one back in 1995 out of Costa Rica when the internet was just getting started. He made an absolute fortune. I'm gonna guess he made close to $10 million in a little over 4 months.

    Starting a HYIP is easy and can bring HUGE profits quick. Mostly for the person that starts it and the people that got in early and cashed out quick. If you hang in there and get greedy, you'll lose it all. The people who get in late have no chance at all. They are dead money.

    All you need is two lines of investors. The first line of investors dumps in their cash. You use the second line of investors to pay the first line "dividends" and pocket some of that for yourself. Greed will kick in, and the first line will run and brag about how much they are making with their "investment". It will snowball from there. In the end it will fall apart, so don't keep it running long.

    It's just a Ponzi scheme. The trick is to diguise it as something else.
    Last edited by BOG; 08-14-2006 at 03:08 AM.

  15. #15
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    Quote Originally Posted by chem
    Buy art supplys and draw 10,000 pictures in one year for 100 dollars each.


    Legally it is IMPOSSIBLE to turn $1000 into $1mil in a short period of time. So think realistically, go with realistic businesses, work hard and enough of these threads already
    YEuth! ... Non-Profit Young Entrepreneur Organization

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