Best answer

The Classic Way—Earning It Slowly The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide 72 by your expected annual rate. The result is the number of years it will take to double your money.

**Amelio Vazquez-Reina**Date created:

**May 13, 2022**

## How can I double my money in 4 years?

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.

## How can I double my money per year?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. For example: If you invest money at a 10% return, you will double your money every 7.2 years.

## How can I double my money in 6 months?

Here are some best 5 ways to double your money fast.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)

## How can I double my money in Nigeria?

Below are some carefully selected ways you can double your money in Nigeria.Put your assets to work:Buy shares:Dividend re-investment:Federal Government of Nigeria (FGN) bonds:Forex trading:Cryptocurrency trading:Cryptocurrency investment platforms:Setting up a side hustle:More items...

## How can I double my money every 3 years?

The rule can tell you how fast you can double your money. Divide 72 by the interest rate at which you are compounding your money, and you will arrive at the number of years it will take to double in value. For instance, you money will double in 3 years if you are compounding at 24 per cent (ie 72/24 = 3 years).

## How can I double my money in 1 day?

Here are some best 5 ways to double your money fast.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)Apr 29, 2019.

## How can I double my money in 21 days?

ROI – Rs 15000/- – Rs 50000/- of investment will get 10% return per month, Rs 50000 and above of investment will get 14% return per month for 101 months.

## How can I double my money overnight?

7 Ways to Double Your Money (Fast)Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join.Buy IPO stock.Flip sneakers purchased on Stockx on eBay or via the Snkrs app.Sell freelance services on the Fiverr platform.More items...•Jul 22, 2020.

## How much money can I give to my child tax-free?

The annual gift tax exclusion is $15,000 for the 2021 tax year. (It was the same for the 2020 tax year.) This is the amount of money that you can give as a gift to one person, in any given year, without having to pay any gift tax.

## How can I double my money in property?

Rent each room separately, rather than renting out the whole property to one tenant. Your best bet for finding tenants willing to pay a fairly high rent for a single room is college students. Buy a rental property near a college town and advertise it for this demographic, and you will be doubling your money in no time.

## Related Question Answers

#### Ruchira Gayan Ranaweera

Professor### How much money can I put in an ISA per year?

The total amount you can save in ISAs in the current tax year is £20,000.

This is known as the ISA allowance.

You can only put money into one cash ISA and/or one stocks and shares ISA and/or one lifetime ISA and/or one innovative finance ISA in each tax year.

This includes ISAs held outside the Halifax..

#### Aniruddha Das

Professor### How much money can I put in my ISA each year?

There are four types of ISAs for adults. The total amount you can save in ISAs in the current tax year is £20,000. This is known as the ISA allowance. You can only put money into one cash ISA and/or one stocks and shares ISA and/or one lifetime ISA and/or one innovative finance ISA in each tax year.

#### eko

Professor### How can I double my money in share market?

2 Investing Tricks to Double Your MoneyWait for it.

Waiting is a tried-and-true method for doubling your money in the stock market.

...

Buy when everyone else sells.

If you play around with the Rule of 72, you'll quickly realize that you can expedite the doubling of your money by increasing your rate of return..

#### blueteeth

Professor### How many days do you think it will take to turn one penny into one million dollars if you double your money every day?

27 daysIf you begin with one cent (a penny) and double it each day for 27 days, you will have more than a million dollars.

#### Steve

Professor### How fast can I double my money in the stock market?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1 For example: If you invest money at a 10% return, you will double your money every 7.2 years. (72/10 = 7.2)

#### mythz

Professional### How long will it take for your money to double if the interest is compounded continuously?

The Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years. The rule also means if you want your money to double in 4 years, you need to find an investment that earns 18% per year compounded annually.

#### Bassam Alugili

Professional### How can I double my money legally?

4 Simple Ways to Double Your MoneyInvesting. Investing is one of the best ways to grow your wealth because there's a good chance your annual rate of return will outpace inflation, gradually increasing your net worth. ... Use a high-yield savings account. ... Start a side hustle. ... Spend less to double your savings.

#### Sazzad Hissain Khan

Professional### How do I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return. 1 For example: If you invest money at a 10% return, you will double your money every 7.2 years.

#### anthony_718

Professional### Can I double my money in 10 years?

The rule states that the amount of time required to double your money can be estimated by dividing 72 by your rate of return.

1 For example: If you invest money at a 10% return, you will double your money every 7.2 years.

...

If you invest at a 7% return, you will double your money every 10.2 years..

#### Rob Hruska

Professional### How can I double my money in savings?

Speculative ways to double your money may include option investing, buying on margin, or using penny stocks.

The best way to double your money is to take advantage of retirement and tax-advantaged accounts offered by employers, notably 401(k)s..

#### Barış Can Yılmaz

User### How much money do you get for the double-action revolver challenge?

Once you acquire your gratis Double-Action Revolver, complete the Headshot Challenge in Freemode for a GTA$250,000 reward and unlock it for future gun-slinging exploits in Red Dead Redemption 2 on PlayStation 4 and Xbox One.

#### Bozhidar Batsov

User### How can I double my money on the market?

Rule of 72 defined The rule of 72 is a straightforward way that you can calculate how long it will take for your money to double based on an average annual rate of return. Using the rule, you take the number 72 and divide it by this expected rate.

#### georgeos

User### Can I double my money in 5 years?

Similarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5).

If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year.

Rule of 72 provides an approximate idea and assumes one time investment..

#### jbabey

User### How can I double my money illegally?

Here are the 10 best:Get rich with an illegal ponzi scheme. The classic Ponzi scheme is one of the oldest tricks in the book. ... Rob a bank. ... Sell illegal counterfeit goods. ... Become a drug dealer. ... Play the lines like an illegal sports gambler. ... Start Embezzling. ... Become a spammer. ... Become a hacker.More items...•Apr 8, 2020

#### Stephan

User### How can I double my money in 1 year?

To use the rule, divide 72 divided by the investment return (or interest rate your money will earn).

The answer will tell you the number of years it will take to double your money.

For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24)..

#### ggordon

Guest### How can I double my money in 3 years?

The rule can tell you how fast you can double your money. Divide 72 by the interest rate at which you are compounding your money, and you will arrive at the number of years it will take to double in value. For instance, you money will double in 3 years if you are compounding at 24 per cent (ie 72/24 = 3 years).

#### Jobincs

Guest### How can I double my money in 30 days in India?

Here are some best 5 ways to double your money fast.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)Apr 29, 2019

#### Elye

Guest### How can I double my money in a month?

7 Ways to Double Your Money (Fast)Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join.Buy IPO stock.Flip sneakers purchased on Stockx on eBay or via the Snkrs app.Sell freelance services on the Fiverr platform.More items...•Jul 23, 2020

#### icza

Guest### How can I double my money in a year?

To use the rule, divide 72 divided by the investment return (or interest rate your money will earn). The answer will tell you the number of years it will take to double your money. For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24).

#### malbarmavi

Guest### How can I double my money in bank?

Here are some options to double your money: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.More items...

#### David Aldridge

Guest### How can I double my money in gambling?

The best way to double your money when gambling in a casino—if you're playing a game where the house has an edge—is to make the maximum boldness move. Bet your entire bankroll on an even-money bet. The best bets for this purpose are roulette and casino war, but roulette is actually superior.

#### Fareed Alnamrouti

Guest### How can I double my money in my bank account?

How to Double Your MoneyInvest in the Stock Market.Invest in Real Estate.Open a Savings Account.Lend Your Money to Someone Else.Pay Off Debt.Mar 31, 2021

#### Dhanu K

Guest### How can I double my money in one day?

7 Ways to Double Your Money (Fast)Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join.Buy IPO stock.Flip sneakers purchased on Stockx on eBay or via the Snkrs app.Sell freelance services on the Fiverr platform.More items...•Jul 22, 2020

#### HLGEM

Guest### How can I double my money in post office?

Kisan Vikas Patra (KVP) is a Post Office Saving Scheme that gives you double the amount of your investment upon maturity.

#### Ole V.V.

Guest### How can I double my money trading?

The Classic Way to double your money Buy a currency pair in low quantity and hold it for the long-term. Or one can trade currencies positionally with a slightly long-term perspective. If a risk-reward ratio of 1:2 is deployed, you're bound to double your money in 35 trades, assuming you don't have drawdowns or losses.

#### Ryan Cogswell

Guest### What rate of return do I need to double my money in 5 years?

You divide 72 by 10 percent to get the time it takes for your money to double. The “Rule of 72” is a rule of thumb that gives approximate results. It is most accurate for hypothetical rates between 5 and 20 percent.

#### sendon1982

Guest### How can I double my money in one month?

1. Mutual funds: If you have an investment horizon of around 6 to 7 years, mutual funds are the best option to see your money double. They are a safe way to push your money in the investment market and can eventually provide a return of around 12% to 14 %.

#### spottedmahn

Guest### How can I double my money in stock market?

The rule of 72 is a famous shortcut for calculating how long it will take for an investment to double if its growth compounds. Just divide your expected annual rate of return into 72. The result is the number of years it will take to double your money.

#### Dan Abramov

Guest### How can I double my money in stocks?

2 Investing Tricks to Double Your MoneyWait for it. Waiting is a tried-and-true method for doubling your money in the stock market. ... Buy when everyone else sells. If you play around with the Rule of 72, you'll quickly realize that you can expedite the doubling of your money by increasing your rate of return.

#### Mikael Lepistö

Guest### At what annual rate of interest compounded yearly Will money double in 8 years?

9% per yearThe Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years.

#### lena

Guest### At what rate of interest will a sum of money double in 5 years?

14.4% per yearSimilarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.

#### Ben S

Guest### Can I double my money in stocks?

Yes, You can double your money in the stock market in one month and even in less than 1 month. Keep one thing in mind - higher the returns, higher the risk. You can join my educational telegram channel of stock market - Stocks Investment & trading.

#### Damien MATHIEU

Guest### 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).

#### nowox

Guest### Can you double your money in Forex?

Of course you can!!! You can double your money in one month trading Forex market. Although it is possible to double your money by trading Forex market in one month, there is no reason you should do it. To achieve such a result you´d need to take too high risk and you could loose all your investment.

#### Arjan

Guest### How can I double my money fast?

Investing. Investing is one of the best ways to grow your wealth because there's a good chance your annual rate of return will outpace inflation, gradually increasing your net worth. ... Use a high-yield savings account. ... Start a side hustle. ... Spend less to double your savings.

#### Ryan

Guest### How much money can I give away to my family?

You can give away an amount of up to £3000 per tax year without having to pay tax. These gifts are outside your estate, therefore you are avoiding being taxed. You can carry your exemption over to the next year, but only for up to one year.

#### Joe Audette

Guest### How fast does money grow?

An investment that grows at 8% each year takes 9 years to double, while one that grows at 7% a year, doubles in 10.3 years. Just 1% more means… One-and-a-half year more of your money working for you, rather than you working for money!

#### Lagerbaer

Guest### How much money does Netflix make in a year?

In 2018 Netflix brought in a total of $16 billion in annual revenue, up 35% year over year. The online streaming platform also grew its net income to $1.2 billion last year, double what it was in 2017.

#### harold

Guest### How much money does Netflix make?

In 2018 Netflix brought in a total of $16 billion in annual revenue, up 35% year over year. The online streaming platform also grew its net income to $1.2 billion last year, double what it was in 2017.14 Mar 2019

#### René Link

Guest### How can I multiply my money fast?

How to Multiply Your MoneyInvest in the Stock Market. When trying to learn how to double your money, investing in the stock market is the best way to increase your wealth over the long-term. ... Invest in Real Estate. ... Open a Savings Account. ... Lend Your Money to Someone Else. ... Pay Off Debt.Mar 31, 2021

#### Shepmaster

Guest### How can I double my money in 12 months?

Secrets to Double Your Money in 12 Months:Be very careful of frauds: ... Learn the 401 k plan: ... Boost your leverage: ... Boost your value at work: ... Start something new: ... Dividend Stocks: ... Saving those products that are high in interest: ... Something you should always remember:More items...

#### mediocrevegetable1

Guest### How can I double my money in Canada?

Do you want to make more money? Canadian Cash Solutions offer 5 Ways to Double Your money?Invest in a 401 (k) plan. The safest and the easiest way to double your money is by setting up a 401 (k). ... Purchase Bonds. Bonds are like fixed-income investments. ... Real Estate. ... Stocks. ... Set up a small business.

#### Devin Jeanpierre

Guest### How can I double my money quickly?

Here are some options to double your money: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.More items....

#### Kinglish

Guest### How can I gift money without being taxed?

Double (or quadruple) your limit. The key to avoiding a paying gift tax is to give no more than the annual exclusion amount to any one person in a given tax year. For 2020, that amount is $14,000. This means if you want to give ten people $15,000 each in one year, the IRS won't care.

#### Mark Rajcok

Guest### How can I make my money double in a day?

Here are some best 5 ways to double your money fast.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)Apr 29, 2019

#### vine77

Guest### How can I make my money double in 5 years?

**Here are some options to double your money:**

- 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.

#### FrVaBe

Guest### How can I double my money in 10 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.

#### Vityata

Guest### How can I double my money in 7 years?

The most basic example of the Rule of 72 is one we can do without a calculator: Given a 10% annual rate of return, how long will it take for your money to double? Take 72 and divide it by 10 and you get 7.2. This means, at a 10% fixed annual rate of return, your money doubles every 7 years.

#### Kayce Basques

Guest### How can I double my money in a month in India?

In this post we tell you legitimate ways of doubling your money and the associated risk with each option.1 Kisan Vikas Patra (KVP)2 Bank Fixed Deposits.3 Corporate Bonds (NCDs)/Deposits.4 Mutual Funds. 4.1 Debt or Arbitrage Mutual Funds. ... 5 Stock Market.6 Gold.7 Real Estate.8 Double your Money Calculator (Rule of 72)More items...•Apr 12, 2021

#### Chris Lutz

Guest### How can I double my money in India?

In this post we tell you legitimate ways of doubling your money and the associated risk with each option.1 Kisan Vikas Patra (KVP)2 Bank Fixed Deposits.3 Corporate Bonds (NCDs)/Deposits.4 Mutual Funds. 4.1 Debt or Arbitrage Mutual Funds. ... 5 Stock Market.6 Gold.7 Real Estate.8 Double your Money Calculator (Rule of 72)More items...•Apr 12, 2021