Question: How Can I Multiply My Money?

Here are the seven best ways to multiply your money right now.

  • Invest in the Stock Market. Investing in the stock market is one of the best ways to multiply your money.
  • Invest in Real Estate.
  • Cut the Cord.
  • Open A Savings Account.
  • Rent A Spare Room.
  • Lend Your Money to Someone Else.
  • Go Shopping.

How can I double my money in 5 years?

This is the number of years it will take for your money to double. For example, if your money is earning an 8 percent interest rate, you’ll double your money in 9 years (72 divided by 8 equals 9). Or, if your money is earning a 5 percent interest rate, you’ll double it in 14.4 years (72 divided by 5 equals 14.4).

How do Indians multiply money?

Top 10 Money Doubling Schemes in India 2019

  1. Tax-Free Bonds.
  2. Corporate Deposits/Non-Convertible Debentures (NCD)
  3. National Savings Certificates.
  4. Kisan Vikas Patra (KVP)
  5. Public Provident Fund (PPF)
  6. Bank Fixed Deposits.
  7. Mutual Funds.
  8. Stock Market.

Where should I invest my money in 2019?

Here are the best investments in 2019:

  • Certificates of deposit.
  • Money market accounts.
  • Treasury securities.
  • Government bond funds.
  • Municipal bond funds.
  • Short-term corporate bond funds.
  • Dividend-paying stocks.
  • High-yield savings account.

How can I double my money in bank?

Here are some options to double your money:

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

How can I double my money in 7 years?

The Rule of 72 states that the amount of time required to double your money equals 72 divided by your rate of return. For example: If you invest money at a 10 percent return, you will double your money every 7.2 years. (72/10 = 7.2)

How can I double my money fast?

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How can I double my money in a year?

If you divide your expected annual rate of return into 72, you can find out how many years it will take you to double your money. Let’s say, for example, that you expect to get returns of 10 percent a year. Divide 10 into 72, and you discover the number of years it takes you to double your money, which is seven years.

Can mutual fund make you rich?

By taking on a certain degree of risk, you can put your current assets to work for you and generate short- or long-term income, depending on your investment goals. In fact, some types of mutual funds are just as risky, or riskier, than individual stock investments and have the potential to generate huge returns.

How long will it take to double my money?

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.