WebFeb 24, 2024 · So there are two ways to double your money looking at cash on cash return. You get 200% cash on cash return (make double your initial investment in one year) You … WebThe formula is interest rate multiplied by the number of time periods = 72: Commonly, periods are years so R is the interest rate per year and t is the number of years. You can calculate the number of years to double your …
3 Investing Tricks to Double Your Money The Motley Fool
WebJan 13, 2024 · Using the rule, you take the number 72 and divide it by this expected rate. For example, if you have a $10,000 investment that has earned or that you anticipate will earn … WebJul 11, 2024 · A better strategy is to invest in the stock market to turn that $1 into $2, and then $2 into $4. Here are two tricks to help you do just that. 1. Wait for it. Waiting is a tried … hank pym\u0027s wife
How to Double Your Money - Investopedia
WebSep 5, 2024 · 1. Double Your Investment With Time. This is the traditional method of investing and making your money work for you. As Albert Einstein was famously quoted as saying, compound interest is the eighth wonder of the world. If you put $1,000 in the stock market, and it returned 8%, in 9 years you would double your investment. WebA smart, easy and simple way to double up your cash is by spending lesser than what you earn. The amount that you have left at the end of the month is usually your saving. But to be honest, that shouldn’t really be the case. You should save at least a whole lot of money for the first three months to see how much you are capable of saving. WebJul 1, 2024 · Double Money in PPF (2024) PPF (or Public Provident Fund) offers an interest rate of 7.1% per annum these days. So using the formula of Rule of 72, we have 72 divided by 7.1 (i.e. = 72/7.1). And therefore, for a PPF giving 7.1% returns, it will take about 10 years to double your money. If interested, here is the PPF interest rate history in India. hankraimann gmail.com