Score: 5/5 (45 votes)

- Invest in Stocks.
- Invest in Retirement Accounts.
- Invest in Cryptocurrency.
- Invest in Real Estate.
- Day Trade Stocks.
- Open a High Yield Savings Account.
- Start Flipping.
- Start a Small Business.

- Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. ...
- Kisan Vikas Patra (KVP) ...
- Corporate Deposits/Non-Convertible Debentures (NCD) ...
- National Savings Certificates. ...
- Bank Fixed Deposits. ...
- Public Provident Fund (PPF) ...
- Mutual Funds (MFs) ...
- Gold ETFs.

Essentially, **divide 72 by your expected rate of return** to estimate the time it takes to double your money. At 10% return on investment, it would take 7.2 years or 72 / 10. However, what if you found an investment return of 20%? Using the rule of 72, It would take you 3.6 years to double your money.

The principle is simple. **Divide 72 by the annual rate of return to** figure how long it will take to double your money. For example, if you earn an 8 percent annual return, it will take about 9 years to double. So the higher the return, the faster you can double your money.

- Stock Market. Investments made in the stock market have always given a high rate of returns to people. ...
- Mutual Funds (MFs) ...
- National Savings Certificates. ...
- Corporate Deposits/Non-Convertible Debentures (NCD) ...
- Kisan Vikas Patra (KVP)

If you want to quadruple your money, **just double the Rule of 72 to obtain the Rule of 144**. If you want to triple your money, use the Rule of 120. To derive these rules, calculate the product of 100 and the natural logarithm of the exponent, and then look for a whole number with many factors at or above that result.

How long does it take to double one's money? The **Rule of 72** is a well-known shortcut for calculating how long it will take for an investment to double if its growth compounds annually. Just divide 72 by your expected annual rate of return. The result is the number of years it will take to double your money.

- Develop a millionaire's mindset. ...
- Carefully watch your expenses (big and small) ...
- Try to max out retirement investment accounts. ...
- Increase your income to become a millionaire faster. ...
- Use your money to make money to become a millionaire easier. ...
- Avoid "lifestyle creep"

So, if you're wondering how to double 10k quickly, you're in luck!

...

**Now that our disclaimer is out of the way, let's jump into some ways to quickly double 10k!**

...

- Flip Stuff For Money. ...
- Invest In Real Estate. ...
- Invest In Cryptocurrency. ...
- Start An Online Business. ...
- Start A Side Hustle. ...
- Invest In Stocks. ...
- Invest In Debt.

- Max out your retirement accounts.
- Let a robo-advisor do the work.
- Consider a brokerage account.
- Align your investments with your values.

- 401(k) or employer retirement plan.
- A robo-advisor.
- Target-date mutual fund.
- Index funds.
- Exchange-traded funds (ETFs)
- Investment apps.

- Consider investing in an ISA. If you haven't used your full ISA allowance yet, you could max it out by putting your £20,000 in a Stocks and Shares ISA. ...
- Think about your retirement. ...
- Invest ethically if you want to. ...
- Consider diversifying your portfolio. ...
- Try to think about the long-term.

- Doctor. Average salary: $189,760. ...
- Surgeon. Average salary: $352,220. ...
- Investment Banker. Average salary: $130,230. ...
- Corporate Executive. Average salary: $173,320. ...
- Petroleum Engineer. Average salary: $147,520. ...
- Psychiatrist. Average salary: $181,880. ...
- Data Scientist. ...
- Research & Development Manager.

Should you strive to save even more? Yes, **saving $500 per month is good**. Given an average 7% return per year, saving five hundred dollars per month for 37 years will end up being $1,000,000. However, with other strategies, you might reach 1 Million USD in 21 years by saving only $500 per month.

You may be starting to think about your retirement goals more seriously. By age 40, you should have saved a **little over $175,000** if you're earning an average salary and follow the general guideline that you should have saved about three times your salary by that time.

The rule says that to find the number of years required to double your money at a given interest rate, **you just divide the interest rate into 72**. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

- Invest in Real Estate. ...
- Invest in Crowdfunded Real Estate. ...
- Buy Stocks That Pay Dividends. ...
- Write and Publish a Book. ...
- Affiliate Marketing on Your Website or Blog. ...
- Start a Drop Shipping Website. ...
- Get an Autoresponder for Your Online Business. ...
- Create an Online Course.

No matter how much their annual salary may be, most millionaires put their money where it will grow, usually **in stocks, bonds, and other types of stable investments**. Key takeaway: Millionaires put their money into places where it will grow such as mutual funds, stocks and retirement accounts.

- High-yield savings account. ...
- Certificate of deposit (CD) ...
- Money market account. ...
- Checking account. ...
- Treasury bills. ...
- Short-term bonds. ...
- Riskier options: Stocks, real estate and gold. ...
- Use a financial planner to help you decide.