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yes_its_him t1_j6msou4 wrote

It doesn't really work like that. If people could reliably flip money into more money in a week, nobody would work.

You can gamble the money (e.g. speculative investments) but then you are more likely to lose it than to increase it.

If you loan it to someone, you'd make hardly any interest and run the risk they don't pay you back.

If you were industrious, you could turn the $290 into equipment that would let you better charge for your services, or advertising to raise awareness, but then you also invest the time.

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twotall88 t1_j6mvjle wrote

>It doesn't really work like that. If people could reliably flip money into more money in a week, nobody would work.

Let me introduce you to the world of "resellers" where people spend money for things, usually used, and resell them for profit :P

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Werewolfdad t1_j6mss6i wrote

There’s nothing you can do within a week

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ReddSaidFredd t1_j6mtsg3 wrote

Can you afford to lose the entire $290? If not, you don't really have options in such a short time frame.

If there is snow where you live, buy a snow shovel for $20 and offer to shovel people's driveways for $20-50/pop.

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A-Asura t1_j6mu2kk wrote

That’s a great idea but I’m in Alabama, not really a lot of snow here to the point I can be outside shoveling.

I can’t afford to lose the entire $290, but $290 won’t get me anywhere so I’m not against potentially losing it all to gain more.

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yes_its_him t1_j6mui1i wrote

So now I'm curious how much you think you need to avoid some unpleasant fate.

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queensnyatty t1_j6mtzwu wrote

The best possible investments form an efficient horizon where risk and reward directly trade off against each other. You can make worse investments than the efficient horizon but nothing better.

https://en.m.wikipedia.org/wiki/Efficient_frontier#/media/File%3AMarkowitz_frontier.jpg

Bottom line: if you want extraordinary return, and anything in a week qualifies, then you have to take on extraordinary risk.

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TyrconnellFL t1_j6mt7c8 wrote

Want to maximize potential profit? Gamble. There’s no maximum on potential. Of course the expected gain is negative. In case this isn’t clear, don’t actually gamble. Your potential losses are 100% and more likely than gains.

Advice on what I’d do? That depends entirely on why you are trying to wring money out of a specific bankroll in a specific short timeframe. Without that problem, depending on the situation, I would pay off debts, then put money in the bank or in an investment. Those pay in months and years, not days.

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A-Asura t1_j6mtx29 wrote

I don’t wanna get too personal or in depth as to why I exactly need the money, take the scenario in your head & create it from the main idea that “If I don’t get X amount of money in a weeks timeframe C is going to happen, & you really don’t want C to happen.”

I mean, is there really nothing I can do? Legally of course is my first option but I’m not against foxing around if I don’t have much of a choice.

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queensnyatty t1_j6muqzi wrote

This is going to sound condescending, I’m sorry I don’t know how to say it better.

Find a trusted adult and explain the situation. If you were my nephew, friend’s kid, or intern and you needed $250 or you’d get your legs broken—I’d bail you out and then give you a massive come to Jesus speech about how the hell you ended up in such a fucked up situation at 17.

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A-Asura t1_j6mvil1 wrote

It’s cool, I guess I’ll just explain the situation.

Basically, a friend of mine in a gang ended up hiding his half pound of weed in my book-bag one late night when we were all driving around looking for something to get into. We ended up getting cross faded that night & I can’t really explain to you how the fuck it happened but I lost the fucking bookbag. Now he’s freaking the fuck out & the dude that fronted him the pack is threatening to kill us both if we don’t bring him $750 by Monday.

I’m too scared to tell anybody cause these dudes are serious & kind of notorious in the city for being ruthless, I live in Birmingham Alabama for reference.

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fall3nmartyr t1_j6mvxpl wrote

Your friend isn’t really your friend if he did that

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A-Asura t1_j6mw32z wrote

Yeah I fucking hate the guy now but we’re in the shit together at this point, I don’t see the point in cutting ties until we both figure this shit out.

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queensnyatty t1_j6mx46d wrote

Yeah. Again, if I was your uncle or whatever I wouldn’t necessarily go to the cops if there was a cartel or something involved. But you’d get the mother of all lectures about straightening out your life and staying away from dirtbags.

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t-poke t1_j6mut1b wrote

If it was so easy to grow your money that quickly in a week, wouldn't everyone do it? I'd be a millionaire by Friday.

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YouthLeader86 t1_j6mwaio wrote

Dude you need a job.

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A-Asura t1_j6mwjlt wrote

I have a job, but I get paid bi-weekly, only reason I have this $290 is because I got paid today. & The pay period is weird, I only got paid for one week of work this time.

I need the money by Monday. I don’t know if the dude will give us another week.

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Dickmusha t1_j6mummx wrote

OP no one knows who you are. There is no point in hiding whatever your issue you. You need to just tell everyone your issue so we can tell you what to do. You can get a cash advance if you need it etc. But no one can help you with pointless cryptic messages and asking questions that amount to asking for free money.

What do you need money for? There is no magical way to duplicate money or else everyone would be doing it. You can't flip 290 in a week into some big stack of cash.

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A-Asura t1_j6mvo2k wrote

Basically, a friend of mine in a gang ended up hiding his half pound of weed in my book-bag one late night when we were all driving around looking for something to get into. We ended up getting cross faded that night & I can’t really explain to you how the fuck it happened but I lost the fucking bookbag. Now he’s freaking the fuck out & the dude that fronted him the pack is threatening to kill us both if we don’t bring him $750 by Monday.

I’m too scared to tell anybody cause these dudes are serious & kind of notorious in the city for being ruthless, I live in Birmingham Alabama for reference.

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Dickmusha t1_j6n0vc5 wrote

If you have a job try and get a cash advance or borrow some money from someone. The correct thing to do is to not get involved in crime. There isn't much you can do to magically get 750 dollars. Bro I would just ask to borrow 50 bucks from everyone I could and eat the shit paying them back late while they all hound you at this point. If your dad/mom/grandparents have money .. ask them for the money take the ass wooping and clean up your life.

Also just to point out. I absolutely understand to be honest. I was very deep in the wrong places when I was a teenager. But getting away from all that stuff was the best thing I ever did. I spent too many days on drugs or with drug dealers. Just pay back your debt and get your shit together. A normal life is 1000% better than fucking around with bad people.

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Srockatansktys t1_j6muall wrote

Buy a salt spreader and shovel with it, go to the homeowners in your neighborhood or privately owned small businesses (eg local barbershop) and offer to shovel and salt their property.

Scott’s seed spreader is about $30 Really good shovel is about $50 to $80

If you keep your travel costs and salt/calcium chloride costs minimum while still providing a good service you can make that $290 back in a month then start profiting on that $290 in the following months.

This plan depends a lot on the weather in your area but it’s not that different from lawn services for home owners. And given how expensive a good self propelled lawnmower is it’s actually cheaper to do small snow removal (curbs, sidewalks, small driveways and steps) than it is to cut yards.

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twotall88 t1_j6mvs7r wrote

Look into reselling or flipping where you buy something and flip it for a profit on sites like facebook market place or ebay. There's plenty of content on Youtube covering the topic.

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A-Asura t1_j6mvxbw wrote

Alright thank you, I’ll look into it right now.

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v13ragnarok7 t1_j6n4q7k wrote

Buy a snow shovel and knock on some doors

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YouthLeader86 t1_j6mwjlw wrote

Get a JOB! If you work fast food making 10 dollars an hour, you work 80 hours you got 800 dollars.

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