If you wonder how you can double your money, remember that it’s not only you; it’s a matter of everyone. So I also keep exploring the best and risk-free investments ideas to generate more income streams to improve my lifestyle.
While finding multiple safe options to increase my assets, I have realized many things. However, there are two top hurdles in finding guaranteed ways to double the money, especially when growing the money quickly.
- No one around us is there to help us. We need to find our own way, in most cases.
- We meet scammers most of the time.
Yes, both are true in most cases. You can hardly find someone who could tell you an easy way to double your money quickly, and secondly, you can’t share it on social media platforms.
Once you ask, “how to double my money right now,” you will instantly get surrounded by scammers on social media platforms. Although you can easily verify their common fraud patterns, hundreds of investors still take risks and lose all of their assets.
Their most common scam is a group investment scam. They take most people to the telegram, where they claim that they have huge investors, and you can be part of them. They will give you time to double your money; it can be 24 hours, a week, 21 days, 27 or 30 days almost. Once you provide them with cash, that day will never come in your life when you were supposed to double your investments.
Remember, money is the most precious thing in our life, so you should not put it at risk.
That’s why I thought to share some legit ways to increase your assets without any risk. However, time duration can be different for all the methods discussed.
Sometimes, you can double your money instantly, and sometimes it can take 5 to 7 years and sometimes even more than 10 years. It depends on which method you trust and follow.
Here are the most secure and practical ways to double your money legally.
Invest in Digital Currency
When it comes to how to double your money, cryptocurrency is one of the most secure and best investment ideas to start with.
Crypto can get 100x your money within a short period, but there is also a risk of losing money. So it’s better to learn to choose a safe and profitable cryptocurrency first.
Many people use to believe that Crypto isn’t secure, but that’s not true. Someone introduces bitcoin to make secure transactions worldwide without interfering with local governments, and people appreciated it.
Nowadays, the majority is using digital currency to make deals and transfer money. Some countries have started accepting bitcoin as legal tender – El Salvador is the first one. All this is making cryptocurrency a very safe investment. And you know what, the best time to invest in cryptocurrency is now.
Crypto has become a great opportunity for traders and investors to double or triple their money. For example, let us see how traders are benefitting from this opportunity.
Let’s take the example of Bitcoin. 1 Bitcoin, which’s #1 digital currency in terms of investments, do not have a fixed value. Its value increases and decreases over time, along with investments. The simple formula is, the more people invest, the more value raises.
Not so long ago, when the COVID-19 pandemic started, the price of 1 BTC went down below $5000, and after 9 months, its value went back to $19000. Currently its value has touched $64,000 and is came back to $30,000.
That means those who purchased 1 Bitcoin in April 2020 at a price of $5000 and sold at $60,000, he got 12 times of his money.
But, keep in mind that crypto is highly volatile.
Here is another amazing example.
This coin $SPA went 300% in a day, and then it came back to 217% (check on the screenshot). Actually, the Huobi Global exchange listed $SPA today, and that’s why people took huge benefits.
Say you had $1000 today and invested it; it was more than $300 this time. So it’s three times, even more than double.
In short, if you want to double your money in a day and sometimes in an hour. Then this method can work for you.
Create accounts on multiple exchanges like Robinhood, Binance, Huobi, and Mexc, etc. Track their news. Once they list a coin on the exchange, try to buy it on any other exchange where it’s already available. It will securely increase your assets many times.
$SPA coin is the best example of it. It was available on the Mexc and was listed on Huobi global exchange today. This listing made many people rich today. So this easy way can double your money overnight.
Open a Savings Account
Although I don’t recommend it because opening a savings account means you don’t believe in yourself. And once you doubt yourself, you can never start a business, and you can never make money other than a job.
But according to research, 71 per cent of Americans still use savings accounts, and most of them have about $5000 in their accounts. The biggest reason for using a savings account to double money is safety and confidence. Savings accounts are safe, and you are 100% sure that they will double your cash one day. Isn’t it?
I have met many people keeping their money in bank accounts because they believe that they would lose it if they invested somewhere. It’s because their mindset was not grown enough to trust themselves.
That’s why I never go for it.
However, it’s a slow method to earn profits on your investment, and you should do it only when you believe that you can not do anything in life on your own.
Different countries have different interest rates. In the United States, it’s low, but interest rates are too high in some other countries.
Getting the highest 10% interest on your investments will still take 10 years to double your assets. And if the interest rate is 5%, it will take 20 years. And if it’s 0.5%, your grandsons might see your doubled money.
By the way, if you want to change your mindset, it’s far better to start learning business, build confidence, and it will lead you to start your business.
Insurance (5x your small investments)
If you buy an insurance policy, it can not only double the money that you pay in small instalments, but it makes it more than five times on average.
Usually, insurance is considered paid after death, but that’s not the case for everyone. If you want to consider it your investment, you are more likely to get rewarded after 10 or 20 years, depending on your policy nature.
So, we can say that the easiest and safest long term investment to get a huge multiple on your investments is to get an insurance policy.
There might come a question in your mind, what do they do with your money? How can they pay you more than 5x?
The simple answer is, they do business wisely.
If you want to buy an insurance policy, make sure that you only go for a legit insurance company (that must not be new, at least).
Start a Business
Starting a business is something I love the most because it gives you confidence and is the fastest way to double your money with your abilities. Even there are some easy-to-start businesses that even kids can run, so why can’t you?
For instance, if you are a developer, you might get some great startup ideas, and if you have some other skills, why don’t you try your luck with those skills? Even if you don’t have talent, why don’t you learn it? Even if you learn how to buy and sell, you can 2x your money flipping cars with used car dealership business.
As I mentioned above, most investors can’t start a business because they don’t believe in their abilities. They don’t ever think that they can make things happen.
And the major reason behind this belief is that they haven’t learned the business in their lives. And this is the topmost reason behind business failure.
Our school don’t teach us business; they build a Jobian mentality. Even the subjects you choose aren’t relevant to the business. Those subjects can teach you how to be a good employee of a business firm, but they will never guide you or give you the confidence to begin a startup. That’s why such educated people are serving business minds. And business minds are those who didn’t learn from schools, unfortunately.
Todays’ business people are those, who invested their time and money in the marketplace, experienced things on their own or learned from experts, increased their financial IQ by reading books, and sometimes lost their money to learn precious lessons. Today, they are called entrepreneurs, and they have 80 per cent of the world’s wealth in their hands.
So if you’re committed to double or triple your investments with profits, and make it a long-lasting passive income source, then starting a business is something you really need.
Here are some pro tips that an entrepreneur must not forget before getting into it.
- Never start a business without learning it
- Never start a business that you don’t like yourself
- Always learn from experts, not from failures.
- Always have a big vision but be very clear and specific about whatever you’re doing.
- Always start from small investments.
Invest in Forex Trading
No doubt that Forex has its glamour that attracts traders and investors. It’s another quick way to double your money without getting into trouble. Sometimes, experts double their cash in 1 hour with forex trading when they have pretty authentic market news.
As it can double your money in minutes, it can also wipe off your cash in minutes, so make sure to keep the following helpful tips in mind.
- Always learn it hard before getting into it. Learn it from an expert. Investing in a course will be worth your money.
- Never trust anyone to play the forex game for you. So never get into group investments and all that. All are a scam.
- Never trust a broker without complete verification. There is a massive list of scam brokers that are waiting for beginners to loot them. So make sure to verify a broker 100 times before trusting the broker.
- Always keep good capital in hand if you’re trying to get into it.
If you don’t want to follow the above-mentioned tips, please, avoid this method because I don’t want you to lose your hard-earned cash.
Many traders help others through their free courses. One of my friends is about to complete his all free forex trading courses. Those traders never let you take a risk. But still, with forex trading, anyone can double money in a month.
Money is precious, play safe!
Invest in Real Estate
If you are not sure how to double your money and you are looking for the best method for it then real estate is the one for you.
Every business demands business education. If you don’t have time to learn it, the other best option is to hire an external consultant who could guide you.
In terms of security, real estate is far better than forex and cryptocurrency business because, in this case, you have your money in your hands or your control.
For example, you purchased land or a house, or you’re constructing a building. Everything is under your control, which’s the plus point for this startup.
The only disadvantage with this business is that you can’t start it with small cash. This business could be a great fit for big investors.
Invest in Stocks
If you have some investments that you don’t want to put at risk and are still curious to double your money in a couple of days or months, investing in the shares market is the easiest way to double your money.
Although, like all other businesses, it’s better to learn this business or invest through a well-reputed broker who will take care of your money.
The only question that might come to your mind is, how long does it take to double your money in the stock market?
If you are an expert trader and play it safe, it can take a month to double your money in stocks. But if you do margin trading, it’s the fastest way to double your money in stocks. It will take a couple of minutes to double your money in stocks. However, margin trading involves high risks, and one must avoid margin trading unless you get authentic news in the market.
You must be looking for the best easy ways to double your money. Best in terms of safety, security and return. Isn’t it? We have answered your query with the easiest ways to double your money safely and quickly.
When it comes to making money, there are dozens of ways to make money; sometimes, you get it with manifestation, sometimes, you get cash instantly for free, and most of the time, you earn it with business.
Among all those methods, there are easy ways to double the cash, which everyone can follow and increase the net worth within a specific period.
We have extracted all those easy ways to double your money quickly and safely.
The methods we discussed aren’t limited to country or city. No matter in which country you are; USA, UK, Canada, South Africa, Nigeria, Philippines, India, UAE, or any other country in the world, you can surely double your money safely and quickly. Even some methods can 1000x your assets within a period.