10 Ways On How To Double 10k Quickly [Full Guide]!
Do you want to quickly double $10,000? Here are 20 ways to make your $10,000 last twice as long, but we also look at the risky parts. The more quickly you want to make money, the more risk you will face.
When you have $10,000 in your savings, it might be time to start investing. But if you have never invested before, you might start to wonder, “What’s the best way to invest $10,000?”
As you learn more about how to quickly double $10,000, you will be surprised by how many ways there are. Which one has the most money and the least amount of risk?
From the choices of swing trading, cryptocurrency, product reselling, real estate business, initial public offerings (IPOs), and getting more clients, you will find the one that will help you make twice as much money. If the idea of turning $10,000 into $100,000 gets you excited, read on to find out how you can do it.
10 Ways On How To Double 10k Quickly
When talking about doubling your money, it’s important to know and clear up a few things. There are promotions going on right now like get-rich-quick schemes, pyramiding schemes, and deals that sound too good to be true.
To be rich on your own, you have to work hard and be patient. And if someone says they can double your $10,000 in one night, you should walk away to avoid getting scammed. We have put together the best of the other ways to make more money. Here are 22 ways to quickly double your money.
1. Start A Blog
You can make up to $100,000 from a blog, even if you only have less than $10,000 to start. This type of investment needs more of your time, attention, and work than the others.
Since you have to spend more time growing your audience and making content than with other investments, you may have to learn a lot of tricks and use the tools and resources you can find at the start to help you.
Blogs and websites are some of the best ways to make money these days. You can make twice as much money by putting up ads, doing affiliate marketing, and giving online courses.
These ways to make money could be the best investments you ever make. To get started, you don’t need to know anything about writing. Also, you can start an online business if you are passionate and determined.
As you start to learn more about blogging and build a career out of it, you will become more organized and be able to make more money.
Bluehost is a hosting platform that can help you build your website if you want to start your own blog. Bluehost has helped me grow this blog for years, and I’m happy with their services and customer service.
2. Invest In Real Estate
You can also double or even triple your $10,000 by investing in real estate. This is because it is a passive way to grow your savings.
Usually, you can’t invest in real estate with only $10,000 because that’s not even close to enough to buy a rental property. But it is possible with crowdfunding platforms for real estate like:
- Fundrise lets you start an account with a $10 deposit. Check out our full review of Fundrise to learn more about the platform.
- Groundfloor: You can invest with as little as $10. Here is our full review of Groundfloor.
- EstateGuru is a European crowdfunding site where people can put at least €50 into a project. Use this link to get 0.5% cash back on any investments you make in the first 3 months.
- Reinvest24 is a European crowdfunding site where you can make money by increasing the value of your property and renting it out. Read our review of Reinvest24 to find out more.
With these crowdfunding platforms, you don’t have to be an accredited investor to buy a share in a real estate property that makes money.
3. Invest In Mutual Funds
Mutual funds are a great way to make money and build wealth through investing. Mutual funds are a collection of stocks and other investments that can be bought or sold on the stock market.
And if you compare mutual funds to index funds or exchange-traded funds (ETFs), you may find that mutual funds have higher fees because they don’t track a specific index. At the same time, the better performance of the fund can make up for the fees.
Mutual funds are a good way to make your initial investment grow without taking on a lot of risk. Also, you can see what the fund is doing before you put money into it. By doing this, you can find out if the fund managers usually outperform the market or not.
Like index funds, you can start investing with Acorns, M1 Finance, or Stash, which are all different platforms for investing.
4. Invest In ETFs
Exchange-traded funds, or ETFs, are the same as mutual funds, but they usually have lower fees. This is because ETFs are portfolios that are not actively managed. They have lower fees than the other options, which makes them the best way to make money without doing anything.
With an ETF, you don’t have to spend hours doing research or learning about the companies you want to invest in and whether or not they are low-risk. An ETF is a great way to invest your money if you want to make it grow quickly and with little effort.
5. Invest In Bonds
Bonds may not be the fastest way to go from $10,000 to $20,000, but they are one of the safest ways to put your money to work.
You can invest in different kinds of bonds and take advantage of their pros and cons. Municipal bonds are one example. They are one of the safest investments you can make, and they almost never cause you to lose money. However, the returns aren’t as good.
Bonds and bond funds have low interest rates, but that can change based on how the market is doing. Like a savings account, bonds are hard to lose money on, so most investors put some of their money into them.
People who invest in cryptocurrency every day are becoming millionaires. Cryptocurrency is becoming more popular and could be a good thing for society as a whole.
Cryptocurrency is still pretty new, and it may just be a fad. How can you buy each Dogecoin for $0.002? If you sold Dogecoin when it was worth $0.70, you would have made $0.698 per coin. If you put $1,000 into a business, you now have $350,000.
The problem with cryptocurrencies is that they come with their own risks. Dogecoin could go out of business, and you would lose all your money. Investing in cryptocurrencies has taught us a lot, but the problems they haven’t been able to solve yet.
It’s really up to you to decide if you want to invest in cryptocurrencies or not. There is a lot to gain, but there is also a lot to lose.
7. Real Estate Investment Trusts
Real Estate Investment Trusts, or REITs, are a great way to quickly double your $10,000 without having to spend thousands of dollars on property. With REITs, people can invest in real estate and get dividends without having to manage the property themselves.
Most REITs are traded on public markets, which means that you can buy and sell them like stocks. This makes them very liquid. If you want to work in real estate, you can check out our list of the best-paying jobs in REITs.
8. Advertise Your Services
One way to turn $10,000 into $20,000 is to sell ads for your services. When you advertise your services, you have a chance to get more people to use them. The faster you make money, the more customers you have.
For example, if you work as a freelance writer and make $15 an hour, you could make up to $28,000 a year. It may seem like a small amount, but if you get more projects or clients, you can make more than $50,000 a year.
Take a small amount of the money you’ve made and use it to spread the word about your services. You’ll be happy to get more new customers, make more money, and grow your money.
9. Start An Online Business
I know that some of us think it’s hard to start a business. But in all honesty, starting a business is a better way to turn $10,000 into $20,000 or even six figures. Many business people would say that you can’t get rich just by making money at work, but you can with a business. You do the work.
With less than $10,000, you can start an online business, blog, or make money on YouTube. Both can start out with less than $500. This could also be a good way to double your money if you want to start a business but don’t want to quit your day job.
10. Coaching Programs
When you hear the word “investment,” the first thing that comes to mind is putting your money into assets with the hope of getting a high return. But if you want to get the most out of your money, you should learn more and get better at things so you can live better or make more money.
And the best way to do this is to invest your money in programs that teach people how to do this. This is an online business where you can learn about things like investing, baking, starting a freelance career, and more.
If you want to double your money by investing, you can start by signing up for a coaching program with an expert in this field. You will not only learn more, but you will also save time, effort, and money.