If you could double your money in 1 month and was starting with just $200, you could have $1 million dollars in exactly 19 months.
The hard part is finding good, safe places to invest with such short time frames.
But it is do-able.
to double your money each month, one could break it down further to establish a weekly compounding level.
If you could invest for 20% returns each week, that would roughly give you a 100% return each month.
But we could break that goal down even further.
If you could achieve a 3% return per day, that would ensure you made 20% a week which made you 100% per month.
If you really think about it, 3% is totally simple.
Can you buy something for $100 and sell it for $103? This is devastatingly easy.
You would not even have to do anything with the object you purchased, just buy it for $100 and sell it for a little more.
There are many ways to make 3% per day.
Some things are safer than others, but thinking about risk can certainly be a clarifying experience.
For example, if your first transaction was a bicycle.
Say you found a brand new bicycle for sale at some wholesale shop for $100 and you sold it in the local classifieds for $103 after costs of advertising.
That would be so easy, infact you could probably resell the bike, if it was a good standard of quality for even $140 and still make your buyer happy.
Finding financial mis-pricing is an easy way to invest because you are getting value for your cash and reselling that value but making a larger amount of money each time.
The hard part is finding good, safe places to invest with such short time frames.
But it is do-able.
to double your money each month, one could break it down further to establish a weekly compounding level.
If you could invest for 20% returns each week, that would roughly give you a 100% return each month.
But we could break that goal down even further.
If you could achieve a 3% return per day, that would ensure you made 20% a week which made you 100% per month.
If you really think about it, 3% is totally simple.
Can you buy something for $100 and sell it for $103? This is devastatingly easy.
You would not even have to do anything with the object you purchased, just buy it for $100 and sell it for a little more.
There are many ways to make 3% per day.
Some things are safer than others, but thinking about risk can certainly be a clarifying experience.
For example, if your first transaction was a bicycle.
Say you found a brand new bicycle for sale at some wholesale shop for $100 and you sold it in the local classifieds for $103 after costs of advertising.
That would be so easy, infact you could probably resell the bike, if it was a good standard of quality for even $140 and still make your buyer happy.
Finding financial mis-pricing is an easy way to invest because you are getting value for your cash and reselling that value but making a larger amount of money each time.