If you have ever heard that time is money, then you know how valuable every minute of your time can be. Which makes it absolutely devastating to waste an hour of it.
But did you know that you can actually double your money in 1 hour? This blog explores the best methods for doubling your money in one hour or less, so you can use the rest of your day to do things you are much more interested in.
Introduction
Doubling your money can be a great feeling, but it is not always the best decision. There are two types of doubling: easing and doubling.
- Easing: Easing is when you put $100 into an investment that earns 10% ($10) per year. You would then have $110 after 1 year. This is doubling, but with less risk because if the investment goes down, you still end up with $100.
- Doubling: Doubling, on the other hand, means putting $100 into something that returns 100% (doubles to $200). After 1 year, you will have either $200 or nothing. That type of doubling has more risk so consider how much time and energy you’re willing to spend before taking this chance.
This method will work for most people only if they have some spare cash they want to invest.
How To Double Your Money In 1 Hour
Looking for doubling your money in less than an hour? All you have to do is follow these simple steps and you will be doubling your money in no time.
Step 1: Do Your Research
Before you do anything, it is important that you do your research. Find out if the company is publicly traded, and if so, what its stock price is.
You can usually find this information online. The stock price will tell you how much a single share of the company is worth (and therefore how much money you will have).
If they are not publicly traded, find out who owns the majority of shares and contact them directly. This will let you know what they are willing to sell their shares for.
It could be more or less than the current market value, but either way, at least you know where you stand. Once you have done all of your research, move on to step 2.
Step 2: Find A High Interest Rate
For starters, you will need to find a high-interest rate, which will be the starting point of your investment.
Be careful though, because high-interest rates can also mean higher risk. You will also want to think about how much time you have before you need the money back.
If it is longer than 1 year and you are not expecting any major financial emergencies, then investing for the long term could be an option for you.
While we would never recommend anything that isn’t completely safe, these higher interest rates might be worth the risk if you are looking for some extra income. If you are interested in something more conservative (and low-risk), look into CD accounts with banks or credit unions.
Also Read: Washington State Resident Claims $754.6 Million Powerball Jackpot
Step 3: Invest In A Short-Term CD
If you have the cash on hand, or if you can take out a loan for it, invest in a 1-year CD. You won’t be able to touch that money for a year, but it will pay off huge dividends when rates are higher (which they inevitably will be).
One year from now, you will have more than twice as much cash as you would have otherwise. The worst-case scenario? Your funds lose their value and you get nothing back at all.
That is not really that bad of an outcome considering how much more you are guaranteed to make with this strategy. It is worth taking the risk.
Step 4: Withdraw Your Money And Reinvest
You have already made some great money with this system. Withdraw it and reinvest the same amount.
You can continue to do this as many times as you want, but make sure you increase the number of repetitions by a factor of 10 each time.
For example, if you tripled your investment after an hour, then you would have 100% profit after 10 hours, 10% profit after 1 day, etc.
If you had tripled your investment after 10 hours, then you would have 33% profit after another hour.
The most important thing is to keep increasing the amount of time between repetitions. Otherwise, it will take longer for profits to accumulate at a rate that is worth mentioning. But there are no other major barriers to entry either. All you need is a little patience and a decent chunk of change.
Also Read: Clown Figurines Worth Money
Conclusion
The way to double your money in 1 hour is as simple as 1-2-3. If you want to make a profit, you need to spend less than you make. And the best way to do that is by doubling your money with this simple technique. With a little luck and patience, your whole life will change for the better and you’ll never have to worry about financial problems again.
