Ways to Double money online in 2024
Given below are seven ways in which one can make money quickly. Follow the “Rule of 72,” a formula to determine how long it would take for an investment to double given a fixed annual interest rate. Assuming an average return of 10 percent, stock investments, for instance, would take 7.2 years to double in value. A high-yield savings account with an interest rate of 1.05 percent, on the other hand, would double in approximately 68.5 years.
“The Rule of 72 is a rule of thumb that helps one find the approximate time it takes to double one’s investment given the rate of return. For example, at 9% p.a., it should take 72/9 = 8 years (approximately) to double the money.
How to double money fast?
To make money more quickly, we advise these methods:
- Open an account with a trading service such as Robinhood or Webull if you are in USA , which offer free stocks for opening or funding an account or for inviting friends to join
- Buy IPO stock
- change or sell sneakers purchased on Stockx on eBay or via the Snkrs app
- Sell freelance services on the Fiverr platform
- List and sell items from your garage or attic or that you find at garage sales on eBay
- Sell domains using the Flippa platform
- Buy an online learning course and apply the lessons
How Do I double money quickly ?
To double your money in very short period of time which implies you are asking for 100% ROI (Return on Investment),You need to be extra ordinarily gifted or being lucky. It also depends on the amount which you want to double.
There is a famous proverb which we all have heard since childhood but forget it every time.
“Investment in Knowledge pays you the best interest”.
Yes, you read it right!Use this money as a seed to be planted in the best soil which is yourself.
We all being with from Zero which has the potential to become infinity. Do not limit your possibilities and potential to grow.This is only possible if we devote our resources to develop the real wealth that is our brain.Pool in whatever you have like 50- 100 USD if you are in usa , Rs. 500-1000 if in india and invest it on your brain which will make you more skilled and productive person. It is this foundation of bricks which you have to grow into mighty empire one day.
The three most important things i believe one should have:
- Patience
- Perseverance
- Hard work.
We all have heard or received this advice from many successful people.See there are million of ways to invest money.But let me be very clear,the best one is “We should always keep learning”.Invest in your skills,spend on your training,spend on your passion to be a knowledge oriented person.
Nothing in this world gives you a better ROI than investing in your skills.
For every transaction, you need a buyer and a seller. So for somebody to agree to such onerous terms which make the term ‘usury’ very pale, it would require very very special circumstances.
How to double money in 30 days?
1. Immediate flight/train booking – you can be at the station all day and hope for some who has to travel by hook or crook on the same day and has no access to internet and has also forgot his wallet and believes in Karma and will return you your money once he reaches his destination. On a more serious note…
2. Property – a lot of people double their money when they bought just at the right time before a major announcement for development of the area is made. No investment, just the difference is settled
3. Stocks – Futures and options – You take position in a stock futures by just paying 20% token and if the stock u bought goes up 20% you double your money!How to double money online in 20213. Stocks – Futures and options – You take position in a stock futures by just paying 20% token and if the stock u bought goes up 20% you double your money!
4. Reading, investing in self- Your mind is the most important asset you have. If you keep investing in it by reading, gaining knowledge, seeking wisdom it will find solutions to 10x, 100x 1000x in a day. Bill Gates would have done that many times over to achieve the wealth he has.