7 Ways to Double Your Money (Fast) Jeff Rose describes his methods for making money quickly.

By Jeff Rose Jul 22, 2020

Opinions expressed by Entrepreneur contributors are their own.

Financial advisor Jeff Rose talks about seven ways he makes money quickly. He explains the "Rule of 72," a formula to determine how long it would take for an investment to double given a fixed annual interest rate. Assuming an average return of 10 percent, stock investments, for instance, would take 7.2 years to double in value. A high-yield savings account with an interest rate of 1.05 percent, on the other hand, would double in approximately 68.5 years.

To make money more quickly, Rose advises these methods:

Open an account with a trading service such as Robinhood or Webull, which offer free stocks for opening or funding an account or for inviting friends to join
Buy IPO stock
Flip sneakers purchased on Stockx on eBay or via the Snkrs app
Sell freelance services on the Fiverr platform
List and sell items from your garage or attic or that you find at garage sales on eBay
Flip internet domains using the Flippa platform
Buy an online learning course and apply the lessons

Jeff Rose

Certified Financial Planner, Author and Blogger

Jeff Rose is an entrepreneur disguised as a certified financial planner, author and blogger. He's best know for his blog GoodFinancialCents.com and book, Soldier of Finance: Take Charge of Your Money and Invest in Your Future. He's also the editor of LifeInsurancebyJeff.com. He escaped a path of financial destruction from dropping out of college with over $20,000 of credit card debt to become a self-made millionaire. His mission is help future generations achieve financial freedom by developing strong money habits and unleashing their entrepreneurial spirit.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

By James Dooley

Marketing

He Pitched His First Business at 12 and Sold a Company for 8 Figures When He Was 23. Here's This Gen Z Marketing Expert's Next Big Move.

Griffin Haddrill built a marketing empire working with artists like Justin Bieber and Lil Nas X. Learn how he tapped into Gen Z's digital culture and turned viral campaigns into a business model.

By Leo Zevin

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

By Sherin Shibu

Business News

Elon Musk Is Still the Richest Person in the World and Just Hit a Record Net Worth of Over $400 Billion. Here's How.

Several factors have helped the world's richest person reach the milestone.

By Erin Davis

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

By Majeed Javdani

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

By Ashley Hubka