HOW TO DOUBLE YOUR MONEY FAST 2021

In this video, I want to share with you 9 proven ways on how to double your money fast. At the time of recording this video, there's a lot going on in the world, so make sure you invest responsibly, and DO NOT INVEST any money you're going to need in the next few months.

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Make sure you watch this video all the way to the end, because I'll be sharing 4 bonus ways to double your money fast.

1. Starting A Business
This is obviously not for everyone, but I went down this route because I really like what I do (growth marketing & analytics), and I still do. To my surprise, people are willing to pay top dollar for it, and it's relatively recession-proof.

2. Investing In The Stock Market
The stock market is a very vanilla way to double your money fast, and there are mainly two schools of thought here. You can either pick the stocks your self, or you can purchase everything in the market using index funds/exchange traded funds. I went with index funds mixed with listed investment companies, and I know that over the long run, if I consistently invest, I'll come out on top.

The next most logical question to ask would be if the return is 9%, how long would it take for me to double my money?

That is when I explain the rule of 72. Rule of 72 is just an estimator of how long it'll take for an investment at a given rate of return to double. e.g. if the return is 9%:
►72/9=8, then it takes approx. 8 years to double your money.

3. Real Estate Investing
Now I made it clear in the video that despite real estate is one of the proven ways to double your money fast, the Sydney housing market makes it really hard for me to enter with its stupidly, inflated prices. It doesn't mean I won't explore it in the future, just not right now. Hence real-estate is out of my circle of competency.

But Graham Stephan is someone I watch very religiously to prepare myself for real estate investing in the future, and the video I'd recommend you to watch if you're interested in real estate investing is this one:

►Real Estate Investing For Beginners: https://www.youtube.com/watch?v=VXeaU0i54H0

4. Day Trading
Also known as swing trading, not recommended at all for anyone not familiar with financial markets. It's not very beginner-friendly, but definitely a very viable to double your money. (and also lose all your money lol)

5. Invest In Safer Assets
Safer assets as in government bonds. Look, the risk you take on with government bonds is significantly less, so the returns are adjusted to the risk you can take on. And because of that, a pure portfolio in government bonds will take you longer to double your money, but it's still a proven way to double your money nonetheless.

6. Start A YouTube Channel
Granted you can grind through a year of video making, and invest about 200 dollars in lighting, YouTube is proven time and time again to be able to double or even triple your money faster than some of the high-risk type investments. (my camera gear is below)

7. Start A Blog
Similar to YouTube, if you can grind through 6-12 months of writing articles - answering questions people are searching for, this can be another proven way for creators to double their money very fast. The problem is people give up way too easily and cannot stick with it long enough to see results.

8. One on One Coach
Depending on your profession, there could be demand for people seeking what you know and are willing to pay top dollar for it. Now, I mentioned that one of my clients right now is paying me $1,650 per month to teach his marketing executive how to run Facebook, google ads and SEO for his business.

9. Online Course
If you can do one on one coaching, then it means that you have something you can share. If you have something to share, then you can take a bit of extra time to record those lessons into modules as online courses.

My Camera & Equipment:
Sony a6400 body - https://amzn.to/374vRqc
Sony f4 10-18mm Wide-Angle Zoom Lens - https://amzn.to/2tNb2kJ
Rode Lightweight Mic - https://amzn.to/2QcSCl2
Neewer 18inch Ring Light - https://amzn.to/2QhjSij

Disclaimer: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Any purchases of stock that I show during the video should not be considered financial advice and you should consult a licensed financial advisor before making any investment decisions. I will not be held liable for any losses incurred for investments or trades that mirror my strategy. Please be careful!

Please note: some of these links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.

Видео HOW TO DOUBLE YOUR MONEY FAST 2021 канала David Quan