How to Double Your Money in a Day
A reader asked “how to double your money in a day”? What is the best thing to do to turn your $1,000 into $2,000 within 24 hours? Is it hard to double your investment capital in just one day? If you are trying to double your money in a day, instead of a week, a year, or a decade, you might fall into a “get rich quick” mind setting. Do you think having an investment goal like that is great? Doubling your money in a day can be easy or can become difficult Why I said so? It is because, the required earned interest you should you get within 24 hours is very high (100%). Maybe you will feel frustrated because of what I said. If I were you I will try to look for an investment that can help me double my money in 3 years, 5 years, 10 years.
How to Double Your Money in a Day?
Lat year 2015, I wrote an article about the ways to double your investment in the stock market. I have mentioned that if you want to double your money in a specific period of time, you must follow the rule of 72 t have a clue about the required interest rate.
Assuming you really want to double your money in a day, here are the specific required interested rate to achieve that goal.
Double Your Investment within 15 Minutes
Required Interest Rate: Your investment should earn 4.8 percent per minute.
Double Your Investment within 30 Minutes
Required Interest Rate: Your investment should earn 2.4 percent per minute.
Getting 100% return on investment in a day is possible but it is very difficult to find an investment that can give high interest (100 percent) in a day. Even if you invest in a high yield investment program (which are almost of HYIP are scams).
Image Credit: torbakhopper via Flickr CC 2.0 — Double BenjiesHow to Double Your Money in a Day?
Here is the simple idea. Be an affiliate of any company and sell product. All you need is to double your sales in 24 hours in order for you to double your money.
Assuming you are getting 20% profit per sale. If you invest $1,000. For every $1,000 dollars you get $200. Now, all you need to do is to roll your capital four (4) to five (5) times within the same day. That means, you will use the effect of compound interest in 24 hours. Take a look at this table.
| Investment | 20% Profit | Roll (Investment + Profit) |
| $1,000 | $200 | $1,200 |
| $1,200 | $240 | $1,440 |
| $1,440 | $288 | $1,728 |
| $1,728 | $345.60 | $2,073.60 |
The fastest way to grow money is through using the effect of compound interest (as seen on the table). Using the profit by adding it to the initial investment. Now you turned $1,000 into $2,000. That’s the way you can double your money in a day. Double your effort to double your sales every 25 minutes and you achieve your daily investment goal. You have higher chances in doubling your money in a day through selling not on paper assets.