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

By Jeff Rose

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:

  1. 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
  2. Buy IPO stock
  3. Flip sneakers purchased on Stockx on eBay or via the Snkrs app
  4. Sell freelance services on the Fiverr platform
  5. List and sell items from your garage or attic or that you find at garage sales on eBay
  6. Flip internet domains using the Flippa platform
  7. Buy an online learning course and apply the lessons

Related: Do You Know More Than the Average American About Investing?

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.   

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