Submitted by [deleted] t3_10pyo37 in personalfinance
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.
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.
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.
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.
fall3nmartyr t1_j6mvxpl wrote
Your friend isn’t really your friend if he did that
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.
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.
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.
YouthLeader86 t1_j6mwaio wrote
Dude you need a job.
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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