I have proposed this before, but, it is not taken serious, and of course it is close to impossable. Yet, where there is a will there is a way ?
2007-12-22 12:43:36 · 8 answers · asked by johnn d 2 in Business & Finance ➔ Personal Finance
It's impossible to legally double your money every month for any extended period of time, just think about it.
Okay you start off with $100. You can maybe double that into $200. Maybe even $400 the next month and $800 the next month. Then it starts getting harder and harder.
$1,600
$3,200
$6,400
$12,800
$25,600
And so on.
If you can tell me how to make $25k per month I would be VERY interested.
2007-12-22 13:28:50 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Its not possible. "where there is a will there is a way" is just a nice saying and doesn't apply to some things. If it was possible to double money like that many people and businesses would be rich - and they are - but they made money buying special invesment vehicles (siv)s and look where that's gone.
2007-12-22 19:45:20 · answer #2 · answered by northnode3g 3 · 2⤊ 0⤋
The reason you were not taken seriously is that anyone with anything resembling a basic understanding of economics knows this is IMPOSSIBLE. NOTE: I did NOT agree with your statement it is CLOSE to impossible. I stated it is COMPLETELY impossible. If it could be done, it would result in HYPERINFLATION and the value of doubling your money would be next to nothing.
2007-12-22 14:11:12 · answer #3 · answered by STEVEN F 7 · 2⤊ 2⤋
The amount of risk you would have to take on to generate those returns would be ridiculous. You conceivably could buy stock options with the hope that the stock will increase enough to double their value.
2007-12-22 12:57:16 · answer #4 · answered by VATreasures 6 · 1⤊ 1⤋
Find a good printer and make copies
2007-12-22 15:42:06 · answer #5 · answered by Goodhead 3 · 2⤊ 0⤋
invest your money on a business that you know it can click. or putting it on time deposit on bank cannot double your money but it is the safest way to earn money even a little.
2007-12-22 12:59:11 · answer #6 · answered by Lifeseeker 2 · 1⤊ 2⤋
.Get a second job that pays the same as the first
2007-12-22 12:46:35 · answer #7 · answered by Anonymous · 1⤊ 2⤋
"if thereis a will, there is a way". If you mean last WILL & testament , maybe there's a way.
2007-12-22 12:54:50 · answer #8 · answered by john p 3 · 1⤊ 2⤋