First Things First

How can you make huge money

Pick rich parents who die young or have a wealthy uncle with no other heirs. For most, however, inheritance is not the route to riches.

The Best Ways to Make Money Fast

Parents are living longer and incurring more medical expenses before they die. Housing bubble-era mortgage loans were especially attractive to subprime borrowers with little demonstrable income or assets, and lenders were only too happy to accommodate them.

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Hedge funds employ tremendous borrowing, which is needed to achieve the superior returns needed to justify high fees for investors. Private equity funds also use heavy borrowing, typically loading the corporations they how can you make huge money private and clean up with heavy debt and using the proceeds to pay dividends to their investors.

how can you make huge money

A recent subset of financial leverage is financial engineering. This involves deliberate measures to produce big profits and high income through asset purchases, taking advantage of price leaps to sell more stock, multiple layers of companies, careful tax planning, etc.

A Ponzi scheme? Think Valeant and SunEdison.

Who the Hell am I?

Nonfinancial leverage. Think of entertainment in general and movies in particular and the big squabble over pirating CDs and DVDs that involves originators who want to receive all the fruits of their labors. Professional and college athletics rely on leverage, with multi-million-dollar contracts often tied to huge television and endorsement revenues.

how can you make huge money

Inventors can leverage their products through widespread distribution, but in many cases are better off waiting to build the second or third version of the better mousetrap. Technology and related investments make this clear.

Think back to the dot com boom in the late s and Socks the Puppet. Fortunes can be made by taking small slices of very big pies, especially if those ultimately granting the slices are making big money.

how can you make huge money

Cartels and oligarchies are great ways to make big money—as long as they last. Utilities used to be treated as natural monopolies and made good, steady returns allowed by regulators.

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But their status is challenged by merchant electricity generators and solar system owners pumping their juice back into the grid. An age-old route to riches is Bitcoin wallet electrum reviews promote hopes and dreams, regardless of how far they may be from reality.

Government regulation has curtailed the wild health claims for snake oil medicines, but opportunities still abound for sizzle providers of instant wealth schemes and get-rich-quick books.

how can you make huge money

Catering to addictions and vanity has always been a big money-maker. Smoking is on the decline, but those still hooked on tobacco will pay almost anything to satisfy their nicotine habits.

The same is true for drinkers of caffeinated beverages.

how can you make huge money

Appealing to vanity is another lucrative business. Think of all the money spent on face creams, hair coloring, botox injections, body-slimming gyms—and all the gorgeous clothes to fit on those magnificent bodies.

More ways to make money fast

Supplying goods and services to a risky but potentially very profitable venture is a time-honored way to clean up. Few gold miners in the California gold rush got rich, but those selling them picks and shovels—and Levi pants—did.

Fast forward to today, and the legions of stockbrokers, investment advisors and mutual fund advisors that prosper as suppliers to those who hope to make gigantic profits. Small pieces of big pies get bigger and easier to obtain when the buyer of the pie wants it badly and considers the service in question essential to get the deal done. CEOs are often quite free with corporate money to pay consultants who may help save their companies. Despite what Bernie says, you can make substantial money honestly!

how can you make huge money