Are you looking for the best ways to double your money in 24 hours? There’s good news and bad news. But I’ll start with the good news. It’s possible! Yes and without bluffing, I’ll share with you the best ways to flip your money or double it in the next 24 hours.
That said, the bad news is not really bad news. It’s probably what you know by now. While these are some of the best 24 hour money-doubling hacks, some of them, just some of them come with high risks you may not be willing to take.
So when it comes to doubling money in one day or 24 hours, whatever you get your hands dirty with has to really gear up with prospects within hours. That’s what this post is about. And certainly not about the long term ways to invest or start a business from scratch which would take a very long time before generating a cent.
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Disclaimer on figures: it’s easier to double smaller amounts of money than 4, 5, 6+ figures. The more money, the more risks are involved. So you only want to try out these methods if you’re looking to double < $900 dollars fast.
This is the converse curve. And here are 7 of the best ways to double your money in 24 hours or one day.
How to Double Your Money in 24 Hours: 7 Smart Ways
1. Freelance your skills.
Freelancing doesn’t cost a dime. But you may need to spend some money right now to boost your exposure and get a gig that pays well. It takes time to get a gig naturally as a freelancer, but this time you want to make money in 24 hours.
It’s a different ballgame and you’ll need to speed things up in this case. So you’re left with the option to show the world what you’re good at by spending on ads.
If you’re a great copywriter, graphics designer, software developer and more, you can boost your personal social media content or your works on social media to reach thousands of people and hence get a job that refills the amount spent on ads.
Alternatively, you can sign up for free as a freelancer on Flexjobs for a small fee to get the best gigs that pay much more than your sign up fee. Flexjobs is a great place to get high-paying gigs without hassle.
2. Scale a business online.
Online businesses are great and they take time to mature like every other real-world or offline business. But if you want to double your money in 24 hours or the next one day, then you can speed things up by scaling an online business like dropshipping.
In the easiest steps, you build a dropshipping store in one day and promote it rapidly to reach thousands of people. This would mean more sales for you and you’ll experience a short-lived spike in sales in the next 24 hours unless you’re willing to sustain the paid promotion by focusing on content development.
Other businesses in the online world that you can scale include blogging, crypto trading, freelancing, and service arbitrage (which means outsourcing remote jobs and freelance gigs to more experts).
3. Bet on a sport.
Betting isn’t risky in itself, it’s just a quick way to win or lose money. Of some softcore form of gambling. I know too many people making money from staking a bet on Sports – boxing and basketball in particular.
Maybe you’re a sucker for horse racing or hockey, you can stake your money for a team you like (or don’t like). It’s a great way to double your money in the next 24 hours, but the odds are formidable. However, there’s a way to almost always have your way with betting.
And the best way isn’t to hack the betting system if that’s what you’re thinking. You need to know the historical records or clubs playing against each other in a contest. With the knowledge of their historical activities, wins, losses, and the capabilities of the players or features in each club, it should be easy to stake a bet.
Sometimes it’s a no brainer. Some games are a cheat and you easily know what club or party comes on top. Other times, you’ll need to psychologically peruse through what you already know about both contesting parties/clubs to make a clear staking decision. And trusting your instincts too.
4. Trade the options market.
Options trading is one of the best ways to double your money in 24 hours. Sitting on your couch with your computer and a cup of coffee, trading options can become a full-time job generating income actively (not passively).
Which means you’ll trade to make money using a magic strategy that works for you. So before you consider this as a decision worth making, get the hang of how the financial markets work and how to trade them profitably to avoid any form of heartbreaking losses.
Options trading can wreck or make you. It’ll make you if you’re willing to learn all you can about it and exercise enough patience to see what strategy really works in every market pattern.
Best practice? Figure out the working strategy and test it over and over via demo trading before eventually putting your real money into it. Also make sure that your working strategy has a tinge of risk management techniques.
5. Day trade crypto.
Regardless of how much money you’re looking to double or flip, you can do that as a pro trader in the crypto world. Cryptocurrency is volatile. And if you’re good at trading, you can recoup your capital in the next 24 hours. However, trading crypto isn’t risk-free. There’s also the possibility of losing your entire trading capital in the next 24 hours.
It’s all about knowing the right strategies to trade with, putting measures in place to minimize risk and losses, and knowing the best markets to trade amidst the deluge of cryptos out there.
So, the first thing you want to do here is to hone your crypto trading skills. Know what’s really up in the crypto market. Same rules apply in the crypto world and other financial markets. Once you’re good at trading crypto, it’ll be easy for you to trade other markets. Crypto is more volatile.
6. Try Uber.
If you own a car already, then you can make money from driving as an Uber driver in the next 24 hours. With a car in place, you can double the money you’ve got if it’s below $700 dollars.
But if you’ve got $10k, then Uber is not the kind of hustle that can generate crazy revenue in the next 24 hours for you. You’d be driving into the moon.
So if you don’t have a car yet, you can get one for under $2,000 dollars and recoup your money in one week working 6 hours taking Uber trips. It’s one week, but that’s only because you’ll need to work for a long time to double a $2k investment in acquiring what you need to run the job.
7. Go gamble.
While this is the Greatest-of-all-time (GOAT) way to flip your money in the next 24 hours, it’s definitely a quick way to go about this. There are a couple of websites to gamble on, but a ton of them are banned in the United States.
That said, you can still make money gambling. And as a statement of policy reservation, don’t say I told you so. It’s a way to desperately make money with money or double the money you already have.
Without going online, you can also gamble on the streets in the offline world. It’s risky in itself, but the cash rewards aren’t. In some of the biggest clubs, you’ll find a squad of gamblers. Mostly.
How to Double Your Money in 24 Hours: 7 Smart Ways – Final Words.
Now that you’ve known 7 realistic ways on how to double your money in 24 hours or the next 48 hours or 72 hours, what next? Are you kicking off with gamble right away, giving Uber a try, or running off to bet on your favorite sports club contesting in the next couple of hours? Well, the shots are totally yours to call right now.
For the purpose of clarity, these are quick win methods, and if you spend a little more time with some of these 24-hour money flipping strategies like Uber and scaling a business (so fast within a day), you’ll definitely make a fortune and not just double the figure you’re having right now.
In a checklist, here are some of the smart and realistic ways to double your money in 24 hours:
- Options trading
- Crypto trading
- Uber driving
- Sports betting
- Online business scaling
Aside from freelancing and Uber driving, other ideas that reflect themselves on this tag along a fat doze of risk. There’s every chance of losing your entire investment or doubling it. But you’ll never know unless you try. In all things, there’s a better chance you double your investment.