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 great fortune very quickly and compounding is the key and the answer to great wealth. quick. accumulation.
An example is starting with just $300; he could literally have over $1 million dollars in 14 events or compounds. If you pulled out a calculator now to try it yourself, you’ll see how quickly $300 turns into a million dollars if you double the result each time.
However, the question and the main point is how long will it take you to double your money the first time and how will you 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 sustain that for 13 months, you could have your first million in a little 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 math shows it. Putting together the circumstances that would create this situation would not be difficult at first. Let’s consider a fast model.
Buy a $700 mountain bike you found cheap at $300, sell it at the end of the week for $600
$600 buys a very, very cheap little car. You clean the hubcaps and vacuum the interior. 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 attention to it and sell it for $2800 in less than 2 weeks.
Your $2800 is a great down payment for a piece of land. A corner block that you have subdivided. You paid $30,000 now the two lots are worth $25,000 each. After the sale, you have $50,000 minus a $27,000 loan that leaves you with $23,000
Repeat the above block subdivision several times, until you hit $100,000 and then possibly start building in the lots. In a few more translations, you’ll be done.
