How would YOU generate $2,000 per month?

forever saving on 24/02/2014 - 10:21
Last edited 24/02/2014 - 11:41

DISCLAIMER: You will need to think outside the square. You will need to take a risk.

If a man in a shady cloak came up to you and said here's $50,000.
Turn it into $2k a month for me - use the least amount of money possible as what's left over is yours to keep.

The Rules:

  • No illegal activity whatsoever
  • Must be postive cashflow - no tax deductions
  • Realistic in our current economy
  • International investments allowed
  • Monthly revenue of $2k can be averaged over the year (for dividends etc)

What I'd do:

I would purchase a website already generating revenue on Flippa of $1.5k or less. Make a few modifications (SEO, cosmetics, run some ads etc) to maximise its revenue potential. It should only cost $10-$12k depending on the life of the site.
Pocket the rest of cash.

What would YOU do? Let's get creative!

Financial

Comments

  • aggregate on 24/02/2014 - 10:56
    +3

    Any sort of passive investment is out. You are asking for 50% pa return for the life of the investment.

    • forever saving on 24/02/2014 - 11:03

      Get creative aggregate!!

      • Scrooge McDuck on 26/02/2014 - 09:59
        +12

        I'd get on OzBargain and ask THEM what to do.

  • Smulder on 24/02/2014 - 11:06
    +14

    What's the consequence of losing the money? If there are none -> Casino!

    • forever saving on 24/02/2014 - 11:13
      +1

      Well you get to keep whats left over, if you blow it all at the Casino its pointless. Although I'd like to see some risky ideas, the Casino is non optimal for making profit.

      • Smulder on 24/02/2014 - 14:10
        +19

        If you consider the fun gained from blowing $50k of someone else's money at the Casino pointless then you are doing it wrong :)

      • serpserpserp on 27/02/2014 - 11:00
        -1

        It is optimal for me, I have a system…

    • deal seeking missile on 26/02/2014 - 20:59

      If there are no consequences of losing then do high risk trading or look into penny stocks. When they rise, they rise like crazy (and vice versa lol).

    • Shwayne on 27/02/2014 - 22:04

      The consequence of losing the money is not having $50,000 to keep at the end.

  • narbe on 24/02/2014 - 11:36

    doesn't even seem possible.
    but if i had 50k I would put it into small caps on the market

    • ItsMeAgro on 25/02/2014 - 22:11
      +11

      Yeah, pre-war money isn't worth much in the wasteland, I'd put it into caps too.

      • Scrooge McDuck on 26/02/2014 - 09:54
        +2

        Good thinking smoothskin.

        • blitz on 26/02/2014 - 14:05
          +2

          Patrolling the Mojave almost makes you wish for a nuclear winter.

  • scotty on 24/02/2014 - 11:50
    +6

    I would purchase a website already generating revenue on Flippa of $1.5k or less. Make a few modifications (SEO, cosmetics, run some ads etc) to maximise its revenue potential.

    That sounds like work to me and that's nowhere being "passive". Google algorithm changes, new competitions, new content, etc — you might end up pouring a lot of time into it. Unless you are really smart doing a lot of automation yourself and then subcontract. Then you might as well getting a nice tech-related job which would net you more than $2k/month.

    • forever saving on 24/02/2014 - 11:55
      +3

      Nowhere in the post did I say passive. If any idiot can generate 2 grand without work everyone would be rich. Some small upkeep would be required. The point is to get people thinking outside the box in their attempt to generate this kind of coin. I mean you already achieved this scotty (with hard work)

      • Scrooge McDuck on 26/02/2014 - 09:57

        But doesn't scotty work full-time on OzBargain?

        • scotty on 26/02/2014 - 10:21
          +1

          Yes that's my point.

          There are a lot of things you can do with 50k when you invest and put in some work. For example opening a cafe as suggested in the next page, but hospitality industry is a lot of hard work. I mentioned "passive income" just trying to limit the scope.

  • [Deactivated] on 24/02/2014 - 12:07
    +7

    Blow the cash on booze and cheap (wo/)men

    Get back to work on Monday.

  • [Deactivated] on 24/02/2014 - 12:27
    +2

    50 coin mining machines @ $1000 each.

    • ilostnemo on 24/02/2014 - 13:46
      +14

      blackjack is cards, not roulette.

    • [Deactivated] on 24/02/2014 - 19:43
      +7

      And this is why gambling addictions exist and casinos make millions.
      http://en.wikipedia.org/wiki/Martingale_(betting_system)
      There is no strategy to win roulette other than being able to compute physics which our species has not managed to achieve in real time in your head. Good luck with that.

      • gimli on 24/02/2014 - 21:06
        +1

        maybe your species hasn't but mine has.
        muhahahaha

        • [Deactivated] on 26/02/2014 - 19:30
          -1

          Unless the table is rigged, we can't compute all the variable that would affect a ball on a roulette wheel with 100% accuracy.

        • [Deactivated] on 28/02/2014 - 22:48

          thanks for that clarification

    • shortgum on 24/02/2014 - 21:23

      Yeh. Bet on tennis in grand slam. Either Novak or nadal to win. Always with 1.02 to 1.05 odds until quarter final

      • ilostnemo on 24/02/2014 - 21:28

        except you lose when stan the man wins ie Aussie Open

        • shortgum on 24/02/2014 - 23:44

          until quarter final. brother

      • p1 ama on 27/02/2014 - 16:33
        +1

        This is the stupidest thing ever, you will lose 20+ winnings in one go when they exit during a first round, i.e. Nadal Wimbledon 2013.

      • lgacb08 on 04/04/2014 - 16:19

        I'd say better to bet it all Roger, he'll get through quarter final at least.

    • Devils Advocate on 24/02/2014 - 23:49

      Wow, betting on a game NOT to go to overtime! So you watch the game thinking "I hope it isn't a close game" Where is the fun in that?

      Also, (this goes without saying, but you haven't seemed to grasp it yet) you do realise that betting agencies always stack the odds in their favour? You can't just put generic bets on and think that you're beating the system

      • shortgum on 24/02/2014 - 23:58

        betting is not the best to take no risk. But issh got his point how to stack on his favour.

        Not a basketball fan. but I think better to bet on very strong team vs very weak team. so chance of losing will be low.

        Yes. also include the 50K mention is freebet to bet on!!! otherwise I will not going to take real money emotion risk.

        • Devils Advocate on 25/02/2014 - 00:10

          I think that you are both failing to realise that smaller odds=larger outlay if a $2,000 return is needed.

          eg. Bet $2,000 @ $2 for return of $2,000 (can do 20 of these bets)
          vs. Bet $40,000 @ $1.05 for return of $2,000 (one bet)

          ie. Betting on odds of $1.05 has the exact same risk/reward ratio as betting on $2 odds

        • shortgum on 25/02/2014 - 00:24

          I think that you (devils) are failing to read my or title post comment properly before your post. Sure understand your scenario.

          I'm refering to the $50K to get $2000. So thats how the idea comes out. The title mention about putting investment into risk.

          So Im with issh for this.

          However, betting is not ideal (not for me) but maybe some people is.

        • Devils Advocate on 25/02/2014 - 00:39

          Ahhh, I think that we're on different wavelengths here. I'm not suggesting an idea to return $2,000/month, just pointing out a flaw in issh's reasoning.

          I agree that betting wouldn't be the way to go about it. If I did have to suggest something it would be use the $50k to kickstart a small business.

    • ghostdom on 25/02/2014 - 10:38
      +1

      Based on math:

       1st bet: 2K (2K used in total)  if lost (50%   chance)

      then 2nd bet: 4K (6K used in total) if lost (25% chance)
      then 3rd bet: 8K (14K used in total) if lost (12.5% chance)
      then 4th bet: 16K(30K used in total) if lost (6.25% chance)
      then you are done, because you donnt have another 32K.

      So everytime, once you play this trick, you will have 6.25% chance to game over in the first month.
      Then you feel safe as you trust math:

      1st month you can happy to take away the 2K gain at a chance of (100%-6.25% = 93.75%)
      2nd month you can happy to take away the 2K gain at a chance of (93.75%^2 = 87.9%)
      .
      .
      .
      6th month you can happy to take away the 2K gain at a chance of (93.75%^6 = 67.9%)

      then at this stage you gain 12K in total, which means you now have enough for the 5th bet, hence lose chance reduced to 3.125%, win rate increased to 96.875%

      so
      7th month you can happy to take away the 2K gain at a chance of (67.9%96.875% = 65.8%)
      8th month you can happy to take away the 2K gain at a chance of (67.9%      96.875%^2 = 63.7%)
      .
      .
      .
      12th month you can happy to take away the 2K gain at a chance of (67.9%*96.875%^6 = 56.1%)

      in a year, if you stayed alive, you had gained 24K, which means even at the end of next year you will not have gained enough (48K) for the 6th bet, which is 64K,

      however by the end of 2nd year
      24th month you can happy to take away the 2K gain at a chance of (56.1%*96.875%^12 = 38.3%)

      Till now, you will notice the rate is already getting really low, and you should also notice, no matter how many extra bets you can take, your overall win rate is just getting lower and lower, never gets higher.

      Also, this is just math, but in real life, shit does happen and you can gameover just in the first visit. Just like in WOW you type/roll, and sometimes you just get 1 point….

      • Devils Advocate on 25/02/2014 - 12:47
        +1

        Your math is correct; however your logic is not.

        You don't get to keep the $2k, you must pay the shady character $2,000/month.

      • [Deactivated] on 25/02/2014 - 20:02
        +2

        The Math is flawed to begin with because roulette isn't a 50% chance of black and red. You are forgetting about 0 and in some cases 00.

        • ChatCPT on 25/02/2014 - 23:58

          This!

        • congo on 26/02/2014 - 15:26
          -2

          Exactly, plus the tables are rigged!!
          I have used this strat before and I am amaze at how often 0 and 00 comes up…

        • [Deactivated] on 27/02/2014 - 15:26
          +1

          If the table were indeed rigged to return 0 and 00 more commonly than other numbers, The odds would be significantly in your favour (as opposed to the houses) if you placed money on only 0 and 00 every single round. People would notice quickly and no casino on earth is going to run a table where the odds can be in an observant players favour.

        • elf888 on 06/03/2014 - 14:38
          -2

          Incorrect Math.
          The possibility of 2nd play win given the 1st one is loss is still 50% (assume the winning percentage for each game is 50%)!
          You guys need to revise your mathematics books!

        • SmiTTy on 07/03/2014 - 10:44

          the situation is not independant
          he is talking about 1st play = lost AND 2nd play = lost (therefore .5 * .5 = .25)

          EDIT: Sorry I mis read your post.
          nonetheless , p(win+lost) would be the same as p(lost+lost) .

    • Fizzydrink on 26/02/2014 - 14:39

      nvm

    • shadowfax1007 on 27/02/2014 - 15:03

      You know, despite the fact there are table limits to prevent the martingale system for being used effectively

  • iseenya on 24/02/2014 - 13:56
    +2

    I'm intrigued that nobody has so far mentioned forex trading, options or CFDs. I know nothing much about any of these, but I thought they were the main fast bucks topics post-GFC. Perhaps I took the adverts too seriously!

    • redraoh on 24/02/2014 - 16:22

      The best traders in the world "only" average 20%/year. That's across all sorts of instruments and markets including those you mentioned.

      • skd100™ on 25/02/2014 - 02:09

        20% is net of fees.

    • mskeggs on 24/02/2014 - 16:36
      +1

      Best line I have ever seen regarding forex, is have you ever met in real life a successful forex trader?

      • zeomega on 24/02/2014 - 23:20

        I have a few friends who are and have always been spot on with their tech analysis.

        • mskeggs on 25/02/2014 - 09:33
          -1

          Are they richer than Bill Gates? Then maybe not always spot on, hey?

        • machej on 25/02/2014 - 12:50

          Or they didn't leverage enough funds.

        • brilliances on 25/02/2014 - 16:16
          +1

          or they just analyse and have no skin in the game.

        • yk300 on 25/02/2014 - 18:40
          +3

          Just because they are poorer than Bill Gates does not make them unsuccessful traders.

          Trading forex is definitely not easy but you can manage your risks. The problem comes with how the companies market it. You can get rick quickly but, like the lottery, chances are that it will not happen.

          It all depends how you see it

        • zeomega on 26/02/2014 - 12:31

          multi millionaires from scratch.

          Not as rich as gates, but that's a high benchmark. And btw, Gates is not a trader, so can't really compare it that way.

        • serpserpserp on 27/02/2014 - 11:05

          With the times they tell you about anyway… No one tells their mates about a time they completely got it wrong.

        • redraoh on 27/02/2014 - 16:54

          Being "spot on" has nothing to do with profitability. You can be right (i.e. have a winning position) say 40% of the time and still be profitable (by cutting losses and letting profits run). It's very difficult to do much better than 50%. "Spot on" implies being right almost all of the time, which I highly doubt your friends (or anyone) are.

    • SeVeN11 on 25/02/2014 - 22:50
      +10

      Options trading is definitely worth considering.

      I would highly recommend against buying and selling call/put options. (this is the same as buying/selling stock on margin)
      Instead you may want to consider writing call/put options.

      here's how it would work in 'theory'
      1) open an option account and deposit your cash
      2) find a stock (or multiple stock) that you feel comfortable holding for the rest of time
      3) write a put option (naked put) - this is equivalent of selling insurance on a stock (like all insurance company there's an annual premium that the insurer collect) - however you only insure for 1-2 months instead of 1 year.
      4) like most insurance we buy, most people don't claim insurance and the insurance policy lapse and the customer renews.
      5) repeat and rinse
      6) if customer 'crashes' or the stock drops below the agreed insured amount, you buy the damaged stock (you can also sell it at this point and take the loss)
      7) If its not too damaged you can write a call option (covered call) - this is equivalent of renting out the stock to somebody. Yes people do rent shares. think about the people who borrow money to buy shares. This is an instrument which allow those people to do that without having to the bank and borrowing the money, then physically buying the shares and paying the interest.
      8) you repeat and rise until the renter decides to buy your place off you
      9) If its too damaged, you wait until it recovers (it could be forever) - or you sell out at a loss

      you can easily pick up 2-3% per month, if you do margin lending at a conservative 50% you will effectively double your return, i.e. 4-6%

      Note:
      Yes, I have done this.
      No, I am not rolling in cash. Reason is during the GFC, everything crashed. Is like a hurricane hit the entire world and destroyed all the houses/cars etc. i.e. insurers would have gone bankrupt at that point. I also borrowed money to do this which amplified my losses significantly. Lost all my profits and then a lot more.
      Yes, I still do this, but I no longer borrow money which effectively 1/2 my returns.
      Yes, I still think its worthwhile as long as you're not greedy about it and stick to stocks that you're willing to hold forever. (forever is the key word)

      Effort: Took me many months to get a good understanding of the concepts and after that it only takes me a couple of hours every month to maintain my position. On a weekly basis I read news etc to make sure things are going alright and once in a while I do some deeper research into a company that I want to add to the "safe" list of stocks that I will do this strategy on.

      I don't make 50% a year. but i'm averaging around 10-20% a year consistently post the GFC (i.e. over the last 5-6 years) If you borrow you will double your return. I think it'll be alright to margin in the short term because I don't think a GFC will likely occur in the next 2-3 years.

    • Crownanchor on 26/02/2014 - 19:41

      iseenya is on the right track. It is possible to make good profits from the financial markets, but the options market would be very difficult to trade, SeVeN11's strategy above is the way to go.

      With CFD's and Margin FX it is possible to achieve the $2K a month, and i have made a $2K profit in a day with real money on FX, its not too difficult to have a $2K movement on a CFD share.

      You can find many demo accounts, especially for FX on the internet which allow virtual trading to test how much is possible to profit.

  • Baghern on 24/02/2014 - 14:00
    +26

    There is this guy named Charles Ponzi he'll generate you 50% profit within 45 day…

    • [Deactivated] on 24/02/2014 - 19:44

      I've heard about this guy. He has a website with a video link. CharlesPonzisCam.com for anyone interested.

      edit: damn, its scheme not scam. my bad.

    • machej on 24/02/2014 - 21:11
      -1

      As long as you get out before it pops no worries. Don't be too greedy. Some people did very well from Bernard Madoff's ponzi scheme. Of course I don't endorse Ponzi schemes as they are unfair to the late comers.

  • MasterNoob on 24/02/2014 - 14:04
    -1

    Pokies.

    /thread.

    • Smulder on 24/02/2014 - 14:18
      +4

      "The chances of winning the major prize are no more than one in a…. Oh sweet 3 pyramids! Free spins baby!"

  • [Deactivated] on 24/02/2014 - 15:07
    +2

    Put it all on black at a roulette table and pocket the winnings if not no loss.

    • [Deactivated] on 24/02/2014 - 15:54
      +10

      Thank you for teaching us all about MVPgenius within 5 minutes of your joining Ozbargain :)

      • Smulder on 24/02/2014 - 16:00
        +1

        It worked too… I actually went and Googled them!

        I feel like such a sucker :(

        • [Deactivated] on 24/02/2014 - 16:09
          +1

          I Googled them too (any mention of specifics tends to make me suspicious) and found the usual spammers, hence my reply to bartus.

          These kinds of threads worry me, because even though I'm sure the OP started it with the best of intentions, these topics draw out all kinds of "people" from the woodwork …

        • [Deactivated] on 24/02/2014 - 17:58
          +3

          well done for being quick to notice and point it out, im sure somebody will give you a green tick near your post for that

          I could be wrong about implying that you're anything more than a happy MVPgenius customer. Of course, the google search brought up a lot of forum-spammers, so probability-wise…

          more then 300k likes on facebook

          Nope, they've got 9134 likes. Cause I've already wasted enough of my life researching MVPgenius, why not some more?

        • [Deactivated] on 24/02/2014 - 20:55
          +7

          your attack on bartus is a bit premature

          For what it's worth, I didn't mean to attack bartus - in my previous comment I did mention that I could be wrong about implying he's anything but a happy MVP customer.

          However, with some other "5 minutes old Ozbargainer" jumping in to defend MVP, I'm beginning to think that my initial comments shouldn't have been so open-minded.

          another one who googles a word and jumps to conclusions at the snap of the fingers

          I agree that googling and "jumping to conclusions" doesn't always work, because there are lots of things out there on the interwebs.

          However, as of now, a person would have to be stupid not to Google a company before becoming their customer.

          I won't post the not-so-complimentary-towards-MVP links I've found, since any reasonable person can find them on their own.

          the rest are all false

          I don't agree with this statement, but I won't bother posting detailed opinions on this, because Ozbargainers can do their own research.

          You guys have greatly under-estimated the intelligence of Ozbargainers. Everyone's welcome to read your impassioned defence of MVP, do their own research and draw their own conclusions.

          As I said in my previous comment, it's about probabilities. Do I know for sure that you and bartus are spammers? No, of course not, I don't know you guys from Adam.

          But based on your comments and comparing them to the usual behavior of internet spammers, I'd say that the probability of you guys not being spammers is now looking very, very, very low. Much more so now, than when bartus made his first comment.

          You know what they say about something that looks like a duck, quacks like a duck and walks like a duck…

        • Dorka on 25/02/2014 - 17:22

          Wintergirl if you are keen SportsGrab have a great deal on the NBA version of MVPgenius. Enjoy! :P

        • [Deactivated] on 25/02/2014 - 21:53

          @Dorka - lol :)

        • pebee47 on 26/02/2014 - 15:16

          I would be more comfortable accepting Wintergirl's comments than a lot of others. She/he has made a large number of very sensible, logical and to the point comments on a wide range of "money" subjects in the past.

          I have found a lot of people who are down on a particular trading type are usually the ones who don't/won't take the time to properly learn the subject; and subsequently fail. If they spent as much time studying their newly found "fast money" method as they did to get to their current 9 to 5 j.o.b. they would probably be doing very nicely by now.

          Also, the ones who are "rolling along very nicely thank you" rarely advertise the fact.
          Yes I am an ex-trader, I studied the markets and companies for over 12 months before using real money. And no, I didn't get out after doing my $$$, but for lifestyle and family reasons. Now into Real Estate.

  • extract on 24/02/2014 - 15:54
    +1

    Forex would be my choice.

  • siraitken on 24/02/2014 - 15:54
    -1

    Binary options on statistical trends.

    ie. 75% of Tuesdays close higher in the last 45minutes etc.

  • redraoh on 24/02/2014 - 15:56
    +3

    Realistic
    Generate 4%/month

    Pick one.

    • [Deactivated] on 25/02/2014 - 13:40

      You'd have to generate significantly more than 4% per month to make it worth your while. That 4% goes to the vig.

  • xsacha on 24/02/2014 - 16:25
    +41
    1. Buy a shady cloak
    2. Tell a random person 'Turn it into $2.1k a month for me - use the least amount of money possible as what's left over is yours to keep.'
    3. Profit $100/month to repay your cloak
    4. Hopefully they are able to cover the money by using a similar technique. Otherwise, you're screwed.
  • jace88 on 24/02/2014 - 16:58

    To achieve that sort of return 50% p/a PLUS the regular cashflows rather than a maturity means you are looking at the very risky end of town… assuming no real loss if you lose the initial $50k capital, just buy small cap stocks and hope for the best?

  • mskeggs on 24/02/2014 - 17:06
    +1

    I reckon you could get this kind of return with some well sited vending machines. Obviously some work in stocking them, and some hustling to get them sited.

    • goosegog on 25/02/2014 - 14:04
      +3

      Don't even go there -unless they are refridgerated which cost a fortune to lease or buy they will cause nothing but hassle with their continual breaking down & mis-use by consumers. Smiths & pepsi have the monopoly in this market. Stock can go out of code. Been there,done it in a rip-off franchise scheme with a company in Perth who still owe us $1000's

  • georgesc on 24/02/2014 - 17:07

    This sounds like a rich guy being really lazy and turning to the "plebs" to get 50 roi no hazzle

    • mskeggs on 24/02/2014 - 17:11
      +3

      You're right. He's a thousandaire!!!

  • rilebags on 24/02/2014 - 17:09
    +29

    This thread is like a gamblers anonymous meeting

  • Cyb3rGlitch on 24/02/2014 - 17:09
    +14

    This is going to sound out of left field and all, but… solve a problem. The only way you're going to make significant money without skirting the bounds of ethics and legality is to create a product that people want to buy. The route with minimal capital required is software (usually apps).

    First step is to buy a pen and a pad. For a couple of months, write down everything that is problematic during the day. Then collate your notes and find a problem that you can solve or automate. Then simply do it.

    • mskeggs on 24/02/2014 - 17:13
      -5

      Correct, the simple part is doing it. The hard part is keeping notes with a pen and paper for a few months…
      Oh hang on, maybe it isn't quite that simple.

      • Cyb3rGlitch on 24/02/2014 - 17:19
        +15

        Alternatively, be cynical and achieve nothing ever.

        • mskeggs on 24/02/2014 - 17:22

          I don't think it is cynical to have a realistic view of what is required.
          Ideas are a dime a dozen. People with the drive and commitment to make them happen are where the money is made, and that is hard work.
          The whatsapp guys didn't get $21b because their app is better than kik or vibr, they got it because theyworked hard to execute the best (and, I would suggest, got about $18b of luck).

        • Cyb3rGlitch on 24/02/2014 - 17:24
          +3

          I completely agree. But first you have to actually start, which is simple first step.

        • Shwayne on 27/02/2014 - 22:05
          +2

          You are my hero.

  • spychiatrist on 24/02/2014 - 19:54
    +10

    What's in it for us?

  • wAx0n on 24/02/2014 - 20:15
    +1

    lotto tickets and scratchies

  • nephilim on 24/02/2014 - 20:23
    +2

    Open a bikini girl massage parlor

  • ballsofsteel on 24/02/2014 - 20:29
    +8

    Broden everything on ozbargain with more than 20 positive votes.
    Resell.
    PROFIT

  • machej on 24/02/2014 - 21:14
    +4

    Go back in time to 2009… buy a few thousand bitcoins. Relax in your chair and head off to the Bahamas. All your work is done.

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