How money multiplies?

Lot of things related to finance are not taught to us in schools. Drama in colleges is differnt where we run daily to crack that XYZ company. After stepping into professional life, people don’t find gap between week days & weekends. At least, start knowing about money better as each days passes on from now

If you double your money every day, kudos !! you will be sitting with more 1 Crore hardly in 25 days.

How to double your money then?

There is no formula to double your money. Everyone has thier own strategy to play the game according to risk and knowledge.

• Bank fixed deposit doubles your money in every 10 years
• Stock market instruments will double your money in every 5-6 years
• Real-estate can double your money in 3-4 years

All these investment returns are nominal numbers in general. taxations & inflation is not taken into account.

So, everyone must invest in different asset classes at least to beat the inflation, forget about doubling if you don’t have expertise. Get into the boat of investing first without worrying about the destination.

In a typical year with average inflation of 5%,

100 Dollars in your bank account in 2023 = 95 Dollars in 2024

Try not to sit with cash until you have better weapons to beat inflation. Every investor is unique and everyone has different needs. Invest with peace accordingly by having a perfect plan.

Take aways:

• Either give your money enough time to grow or give your money correct investment vehicle which compounds faster
• Early players have more probability to win, check how Warren Buffet compounded his money
• Keep in mind about the tax rules and inflation eat-aways
• Make money work for you in one way or the other as soon as you start working for money

Where are you in this game of doubling? I can double my money in 4 years. Please comment down your number.