There are many good reasons why doubling your money is a good idea, but by far the best reason is that if you can sustain such a feat, you can make a huge fortune very fast and compounding is the key and answer to quick wealth. . accumulation.
An example is starting with just $ 300; You could literally have over $ 1 million in 14 events or caps. If you took out a calculator now to test it out for yourself, you’ll see how quickly $ 300 turns into a million dollars if you double the result every time.
However, the question and the point is how long it will take you to double your money the first time and how you will do it. Also, the question is whether the process you came up with is scalable. It’s relatively easy to double $ 300 quickly, but how will you double $ 500,000?
The answers to these questions are detailed and complicated, but not difficult. Look at it this way, if you can add just 20% to your $ 300 in one week, you can double it after four weeks. So if you can maintain that for 13 months, you could indeed have your first million in just over a year.
We are talking about theory and this, by far, would not be as simple as it seems, but in reality it is specifically possible. The mathematics prove it. Gathering the circumstances that would create this situation would not be difficult at first. Let’s consider a quick model.
Buy a $ 700 mountain bike you found cheap for $ 300, sell it at the end of the week for $ 600
$ 600 to buy a very, very cheap small car. Clean the lids of the buckets and vacuum the inside. You get $ 1250 for it in a week and a half.
Your $ 1200 buys you another car worth $ 3000, you pick it up cheap, pay a little attention to it, and sell it for $ 2800 in less than 2 weeks.
Your $ 2,800 is a great down payment for a large amount of land. A corner block that has subdivided. He paid $ 30,000 now the two lots are worth $ 25,000 each. After the sale you have $ 50,000 less a loan of $ 27,000 leaves you with $ 23,000
Repeat the above block subdivision a few times, until you hit $ 100,000 and then possibly start building on the lots. In a few more translations, you will be done.