How do i double up my money in half the period it took me save ?

NdumisoSizwe

Active Member
Joined
Aug 8, 2016
Messages
53
Lets talk money....

If it took me 12 MONTHS to save up to R120 000 (was saving 10k per month)
what would be the best (very small risk) way to double that to R240 000 in 6 MONTHS or LESS.

I know how to save money, the problem comes when the year ends...
i can't think of very smart ways to make that cash duplicate it self very quickly with minimal risk.

please share your knowledge and strategies....
 

Daruk

Honorary Master
Joined
Jul 18, 2008
Messages
39,606
High Return
Low risk

...pick one.
This...
High risk - cryptocurrency. With hindsight, you can make 400% in 24 hours



You can also win the lottery with hindsight.
Without it you can lose everything if you're not careful.
 

ponder

Honorary Master
Joined
Jan 22, 2005
Messages
77,031
i can't think of very smart ways to make that cash duplicate it self very quickly with minimal risk.
Not gonna happen, you need to consider calculated risk where you can turn that into 500k-1M in 3-6 months.
 

Gtx Gaming

Gtx Gaming
Joined
Aug 25, 2008
Messages
16,320
120k will buy 2 Nvidia mining rigs with some spare change. With 6x gtx 1070 in each rig.

These rigs will produce around 10k a month per rig. After a year you would made 240k excluding electricity costs. But you will also still have around 65k worth of hardware you could sell.

That's just at the current rates, could also be less :p
 

Arthur

Honorary Master
Joined
Aug 7, 2003
Messages
24,205
These rigs will produce around 10k a month per rig.
Hehe. Two quibbles where your and my understandings don't comport:
1. Will
2. Produce.

You do say "could also be less". That part is guaranteed.
 

Daruk

Honorary Master
Joined
Jul 18, 2008
Messages
39,606
120k will buy 2 Nvidia mining rigs with some spare change. With 6x gtx 1070 in each rig.

These rigs will produce around 10k a month per rig. After a year you would made 240k excluding electricity costs. But you will also still have around 65k worth of hardware you could sell.

That's just at the current rates, could also be less :p
Math fail.
 

Thor

Honorary Master
Joined
Jun 5, 2014
Messages
37,470
Doubling your money in that short time span is incredibly difficult and won't be done through any traditional way.
 
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