Hypothetical question:
If you were told that you were going to die in 18 months, sometime around Winter/Spring of 2011, and all you had to your name was $10,000… how could you legally turn that into $100,000?
I realize that most situations would have you leaving debt to your estate and immediate family, but let’s say that you have a $250,000 insurance policy that’s in full force and they’ll easily be able to pay off your debt. and funeral costs…
I was thinking that you could put a down payment on something, then turn it around and sell it for less than it’s full price to someone else. Like, buy a car and set up a payment plan that will take years to pay off, and then sell it to someone? I realize that’s probably illegal, but it’s the type of scenario I’m trying to come up with.
Remember, this is all hypothetical. Nothing illegal, please. You can’t buy 10,000 worth of drugs and sell it. You can’t go to the casino and put it on black. Etc. I’m also guessing that maxing out your credit cards over the period of 18 months would cause unnecessary headaches, as would taking out a humongous personal loan?
Again, it’s a specific - but truly hypothetical question.
And please don’t add answers about the ethics of my question. It’s just a question.