How To Double Your Money In The Philippines Quickly: Doubling 100 to 200 pesos or 100,000 to 200,000 pesos is very different; however, the principles of mathematics, investment strategy, and financial growth remained the same. So the question you may be wondering is how to double your money in the Philippines?
Today we will be exploring your options on how to double your money in the Philippines. These include how to double your money in the Philippines without risk and how to double your money quickly. Additionally, in the last section, we will be exploring some of the biggest questions about doubling your money in the Philippines.
How To Double Your Money In The Philippines
1. Calculate Using The Rule Of 72
The rule of 72 is a straightforward formula that calculates how long it would take our investment to double in size based on the annual interest rate. Therefore, the higher the interest rate, the quicker you can double your money in the Philippines.
- You need an annual interest rate of 72% to double your investment in 1 year
- You need an annual interest rate of 36% to double your investment in 2 years
- You need an annual interest rate of 14.4% to double your investment in 5 years
- You need an annual interest rate of 10.29% to double your investment in 7 years
- You need an annual interest rate of 7.2% to double your investment in 10 years
The points above illustrate how the interest rate affects the time it takes to double your money. In other words, 72 divided by rate of return (5,7,10%) = Number of years it will take to double the investment in the Philippines.
The great thing about the rule of 72 is that compound interest is considered. As we’ve discovered previously in our full guide of compound interest, it is one of the best ways to grow financial wealth in the Philippines.
Rule 72 tends to be fairly accurate, with interest rates between 5 to 12%. However, some experts say that the figures are inaccurate when considering large investment returns such as those found in cryptocurrency.
Even though the rule of 72 does not directly double your money in the Philippines, it does allow you to calculate your investments carefully. This can then determine how long it would take you to double your money in the Philippines. Now let’s look at some other options that can be used to double your money.
2. Double Your Money With Invest In High-Risk Investments
Without a doubt, one of the quickest ways to double your money in the Philippines is through a high-risk investment. Unfortunately, due to the laws of nature, where there are high rewards, there are often high risks. High-risk investments are the quickest ways to double your money in the Philippines, but they are naturally the riskiest.
So if you are looking to double your money in the Philippines… What options do you have available? Below is a list of common high-risk investments.
- Cryptocurrencies And Altcoins
- Nonfungible Tokens
- Angel Investment Opportunities
- Flipping Real Estate
As an investor, you will know that there is a big difference between investing in high-risk investments and gambling. So naturally, there are many ways to double your money through purchasing a lottery ticket or visiting a slot machine. But sometimes, gambling and investing have a very fine line in the world of investment.
Cryptocurrencies And Altcoins
Cryptocurrency investing is one of the most well-known types of investment if you are looking to double your money in the Philippines. However, it is also one of the riskiest investments in the modern world.
One of the reasons for this high-risk & high reward relationship is because of new cryptocurrency projects. It is not uncommon for cryptocurrency projects to become rug pulls (basically crypto scams).
Still, at the same time, several legitimate projects can go up in value by 1000% or more in only a few days. This is where the fine line between gambling and investment comes into play.
Fully researching each project is one of the best ways to avoid losing your money in cryptocurrency. And now, with the developments of technology, many services are available for beginning investors to check the foundations of cryptocurrency investment.
Previously we’ve spoken about nonfungible tokens for beginners and how you can earn money by playing games in the Philippines. But as nonfungible tokens are still in their very early stages, they face a lot of criticism, and the future is unclear.
Value can take many forms, and in most cases, if something is valuable to us, it possesses more financial value. Cryptocurrencies are becoming more common in certain parts of the world, and thus their value (not financial value) has increased. At this time, NFTs do not possess much value, but some have an extremely high financial value.
Angel Investment Opportunities
Angel investing is a fantastic investment option in the Philippines. It is a great way to double your money, but it also carries many risks. Angel investing is a way investors can invest in a new or growing business. In most cases, these businesses are small to medium-sized, and therefore, many risks are involved.
Most businesses require investors’ cash as they wish to grow. This growth carries many opportunities, but there are also many risks to growth that some entrepreneurs ignore. This is why fully researching investment projects and speaking to entrepreneurs is essential.
Initial public offerings are investments (such as stocks) that turn from a private company to a public one listed on the Philippine Stock Exchange. During this exchange, investors can purchase stocks of the business.
Initial public offerings are not always brand new companies. But nobody knows how the market will react. You may decide to purchase stock in an IPO and see fantastic returns in a few days, but at the same time, the market may not have much interest in the stock, and the stock value can decrease from its original IPO value.
Flipping Real Estate
Over the years, the Philippines real estate industry has gone from strength to strength, and there are several opportunities for high risk and high reward investments in the real estate world. Flipping is the term of buying an asset to sell later for a profit.
Some investors refurbish a real estate property while others buy and hold until later. But, like other high-risk investments in the Philippines that can double your money, real estate offers no guarantees.
3. Invest In Low-Risk Investments To Double Your Money
If you’re wondering how to double your money in the Philippines without risk, then you also have plenty of options. However, investing in low-risk investments may not be the fastest option to double your money in the Philippines.
The reason that low-risk investment is not the quickest way to double your money in the Philippines is that, in general, low-risk investments have low rewards. However, you can certainly double your money with a low-risk investment, but you must be patient with this type of strategy.
Here are the low-risk investment options for the Philippines
Early on, we explored the subject of the rule of 72. This formula allowed us to calculate how long it would take us to double our money based on the interest rates.
In the Philippines, the interest rate for some savings accounts is not the highest. But let’s round this figure up and say that we decide to invest our money in a high yield savings account with our local bank. The total interest rate is 1% PA.
If we invested 10,000 Pesos into a high yield saving account, it would take just under 72 years to double our money to 20,000! In reality, due to the inflation rate, we would end up losing money. Therefore, if you want to double your money in the Philippines, investing in a low-risk investment is not the best option, but it is entirely possible.
4. Flip Assets to Double Your Cash
Many assets can be flipped in today’s modern world, both online and offline. Previously we looked into real estate and how flipping real estate works. But, what other type of asset can be flipped?
Just about any asset that has value can be flipped! Some flip websites, social media channels, playing cards, console games, furniture, and so much more. Flipping is a great way to double your money, but it can take an enormous amount of research on the product and the market.
I recently read a story about a young entrepreneur who purchased sofas, cleaned them, and resold them for profit. After only 1 week, he managed to triple his money! This entrepreneur was extremely bright, but this may not work in every location. This is why researching the product on the market is key if you want to double your money through flipping assets.
5. Buy During The Dip To Double Your Investment
You may have heard of the expression buy during the dip. This is because it’s often used in the cryptocurrency world, but what does it mean? Buying during the dip means purchasing an asset once the market is down and at low value.
There have been several cases of a large fluctuation in the markets domestically and internationally over the years. In more recent times, COVID-19 impacted the economy and certain industries, so volatility was common in the market. One example of this in the Philippines is the agricultural industry.
Unfortunately, just like all types of investment, nobody knows what will happen next and how the market will respond. But many who wish to double their money from buying during the dip often do so if they are prepared to wait.
How Long Does It Take To Double Your Money In The Philippines
Based on the rule of 72. The annual Interest rate of your investment determines the length of time it will take you to double your money in the Philippines. Thus, with a low-interest rate of 3%, it will take you 24 years to double your investment. On the other hand, an interest rate of 12% would take 6 years to double your investment.
Therefore, if you are looking to double your money quickly in the Philippines, you will need to invest in areas that offer a high investment return. This could be flipping assets or investing in cryptocurrency. Alternatively, if you want to double your money more slowly in the Philippines, you need to invest in areas with lower investment returns, such as high yield savings accounts.
Can You Double Your Money In 24 Hours
It’s entirely possible to double your money in 24 hours; however, this effectively requires the investor to take high risk. One of the best options to double your money in such a short period is through highly volatile markets.
For example, last week, I invested 2000 pesos into a volatile cryptocurrency project, but I believed it had a future. However, I did not have to wait long to find out if my predictions were correct as, within 5 hours, my investment went from 2000 pesos to 5300+. So it is entirely possible to double your money in 24 hours in the Philippines, but it carries a large amount of risk with it.
Alternatively, popular and in-demand products are one way to double your money in 24 hours. For example, a good friend of mine designed personalized masks during the pandemic. After advertisement the next day, he woke up to over 30 orders and over 8000 pesos in his PayPal account! This was from Facebook ads that cost him 1000 pesos.
How To Double Your Money Without Risk
Unfortunately, most types of investments carry risks. This risk level may be so small that it doesn’t seem like a risk. But still, there will always be some financial risk involved; however, each investment has different risk levels, which are often reflected in the investment return.
High-risk investments do not always offer high returns, and by the same principles, low-risk investments do not always offer the lowest returns. However, financial history has taught us that low risk offers low rewards in most cases.
If you are looking to double your money without risk, the best option is to invest in low-risk investments such as high-yield interest rates or low-risk mutual funds. Nevertheless, as low-risk investments often carry with them low rewards, it can take investors several years before they see that money doubling based on the rule of 72.
How To Double Your Money In A Week
Like doubling your money in 24 hours, doubling your money in a week will require you to invest in high-risk markets. However, highly volatile markets give investors the best opportunity to double their money in a week. Several investment strategies can be applied but one of the most popular for doubling your money in a small amount of time is to become a day trader.
When looking at volatile markets, one thing to remember is that not every market is continuously volatile, and not every market is continuously stable. For example, cryptocurrency is volatile, but there are periods where the market is much less volatile. On the other hand, the stock market has been fairly stable, but there are periods where volatility has taken its effect.
The latest news, government announcements, or economic changes can affect the market. Suppose you are looking to double your money from investments in the Philippines or by any other means. In that case, it’s recommended to investigate the risks involved, the investment fully, and the market to choose the right investment strategy for you so that you can double your money in the Philippines.
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