How to Double 10K Quickly [2024] And Avoid Scams

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The internet is great for making money quickly. That’s why 15.1% of all retail sales now happen online.1

But the digital world is also full of scammers. The Federal Trade Commission (FTC) typically receives 2.4 million2 fraud reports per year!

As an entrepreneur, you need to distinguish between genuine opportunities and attempts to steal your money.

I’ll explain how to double 10K quickly – without falling victim to scams!

Short version:

1 – Download the free Lenme app to make interest loaning people money

2 – Sign-up for Arrived Homes (free to join their email list where they explain online real estate investing)

3 – Download the Acorns app to invest in stocks

4 – Buy a Morningstar subscription for expert stock tips – they’ve been helping investors for over 40 years

5 – Download the free Temu app if you’re interested in reselling products you buy for cheap

More ways how to double 10k quickly below!

A woman looking up how to double 10K quickly on her laptop.
By investing or starting a business, you can double 10K quickly without getting scammed.
Source: Unsplash3

Not sure how to even make 10k? Check out my guide on how to make 10k a month!

How to Double 10K Quickly

So you’re wondering how to double 10K quickly. Here’s the first thing to know: Don’t fall for scams!

The internet is full of people claiming you can get rich with just a few simple steps. One of those steps is often to give them money or personal information. Don’t do it!

And remember – if it sounds too good to be true, it probably is.

For instance, you might want to buy crypto and sell it for a profit. That’s risky, especially because an Oliver Wyman survey revealed that under 1% of those polled said they’d pay for discretionary purchases using cryptocurrency in the future. So your effort to double 10k quickly is going off of speculation.

There are plenty of legit ways to make money quickly. It’s just that they’re not “hacks” or “schemes.” They’re ideas for investments or successful businesses!

I’ve been making money online through businesses and investments for over 10 years. Get my best new ideas in my free email newsletter:

Here’s how to double 10K quickly, without getting scammed.

Earn Interest by Loaning People Money

Download the free Lenme app because they make it easy to find trustworthy people looking for a loan.

This is called a P2P loan or Person to Person loan. The app matches you to people who need money. The Lenme app also rates how risky or safe it is to loan each person your money. You get paid in interest.

If you want to try an easy way how to double 10k quickly, loaning money and earning interest is a proven method.

Flip Stuff

Imagine buying a chair at a yard sale for $5, fixing it up, then selling it online for five times as much. There’s a name for that process – flipping – and it’s a great way to double 10K quickly.

But don’t just go out and buy any old thing! Some types of items flip better than others.

Here’s what other entrepreneurs have been successfully flipping:

Perfecting the art of flipping will take some time. You’ll have to choose a type of item to flip, then research the market. 

What gives an item value? Where can you buy undervalued items, and where can you sell those items for more? If you take the time to answer these questions, you can fine-tune your approach and maximize your earnings.

Check out my complete guide to “What Flips” to learn more. 

Start a Blog

Okay, so starting a blog sounds like a fun pastime – but can it also be profitable? 

Yes, it absolutely can.

First, choose a topic that’s genuinely interesting to readers. Then, produce quality content – stuff that people will actually find insightful.

Think you can do that? Then starting a blog could be your ticket to doubling 10K quickly.

To create a blog that looks professional, you’ll want to use a legit website builder.

Check out my review of the best website builders on the market.

You could also use a hosting service. That’ll make it easy to claim a domain name, and you can typically use the service to design your site, too. 

Here’s my in-depth look at the best web hosting services. 

Once you’ve established a blog and started producing content, it’s time to think “monetization.”

Here are some ways to make money from your blog:

  • Ads
  • Affiliate marketing (promoting products from other companies)
  • Consulting services
  • Additional paid content (like ebooks)

Not really sure how much you’ll need to start a blog? Here are businesses to start with 10k (including blogging!)

Also, be sure to read my guide to start a pet care blog, if that’s something you’re interested in.

Invest in Real Estate

The first way to how to double 10k quickly in real estate is to join Arrived Homes. Enter your email and they’ll send you educational information about how to invest in real estate by owning shares of property. That way you can invest in real estate without being a landlord and without needing to qualify for a mortgage.

I really like that with Arrived Homes you can test it out by investing with as little as $100 dollars.

Or, if you already know you want to invest at least $5,000 dollars, check out investing platform EquityMultiple. 

The experts at EquityMultiple buy properties that they expect to rise in value. As an investor, you’ll contribute your money to the portfolio. Then, when the properties increase in value, you’ll get your share of the earnings.

EquityMultiple isn’t the only way to invest in real estate with 10K. Believe it or not, there are actually lots around the country that are listed for $10,000 or less. The only problem is that you’ll need to choose the property yourself. 

And that’s why I recommend EquityMultiple. They have the expertise to know which properties would make good investments. Investing in real estate is also one excellent way to turn 10k into 100k because of appreciation.

A photo of an investment property.
Investing in real estate is one way to double 10K quickly.
Source: Unsplash4

Invest in Stocks

Acorns (the investment app that’s backed by Dwayne Johnson AKA The Rock) is ideal for people who want to get started investing in the stock market but aren’t exactly sure where to start.

The Acorns stock app makes it easy for beginners to double 10k by investing in the stock market.

Or, if you already have an idea of how to invest in stocks but wouldn’t mind expert stock tips, buy an affordable subscription to Morningstar.

Morningstar is a big name in financial services. They’re a public company listed on Nasdaq, have been in business over 40 years, and earn nearly $2 billion dollars a year in revenue.

Start an Online Business

So you want to sell something but don’t have the capital to rent out a physical space. The solution? Create an online business!

Thanks to the internet, you can sell goods and services to people around the world. It’s cheaper than opening a physical store, and it’s super effective. A true win-win!

But how to double 10K quickly by starting an online business? 

One way is by signing up for Shopify, a platform designed for online retailers. All you’ll have to do is sign up, then create your online store within the framework they give you. 

You can create unique designs and creativity to make brand new products, such as Custom Keychains and so on.

You can also create your own website from scratch. Just remember that you’ll need it to look professional. Otherwise, potential customers won’t take your business seriously.

Check out my review of the best website builder. With these services, you can create a website that will attract customers and help you grow your business.

Write an Email Newsletter

Writing emails to double 10K? It sounds far-fetched – but thanks to the popularity of email newsletters, it really isn’t. 

An email newsletter is a regular update that subscribers receive in their inboxes. 

You’ll want to get as many subscribers as possible. To do that, make sure you pick an interesting topic, write valuable content, and publicize your newsletter as much as possible.

You should also use email marketing software to maximize your newsletter’s reach. Check out my review of the best email marketing software.

There are several ways to monetize your newsletter:

  • Ads
  • Affiliate marketing
  • Selling products or services
  • Offering additional content for a fee
  • Offering courses or consulting services

And if your newsletter gets really popular, another business might want to buy it. Why? Because your email newsletter gives them access to people’s inboxes, and that’s super valuable from a marketing perspective.

The media company Insider Inc. recently bought the “Morning Brew” series of podcasts and newsletters for $75 million. Will your newsletter sell for that kind of money? Probably not – but you never know!

Help Others Learn 

Sharing your knowledge with others – that’s how to double 10K quickly while lifting up the people around you!

And put your tweed jacket away – I’m not telling you to become a college professor! These days, the internet gives you other ways to earn money through education. 

One option is Teachable, a platform where you can create your own courses, then market them to potential students. The course builder is known for its simplicity, so you don’t have to be a tech wizard to make it work. Just sign up for an account, then play around with the various features. 

Another option is to host your own educational webinars. These virtual meetings allow you to connect in real time with students from around the world. 

Check out my review of the best webinar software. 

You could also apply to teach with SkillShare, an online learning platform that’s often looking for new instructors. Want to try your hand at online teaching before actually launching your own course? Then SkillShare is a great place to start. 

How To Double 10K Quickly Reddit

Over on Reddit, someone started a thread by asking how to double 10K quickly.

An image of someone asking how to flip 10k into 20k.
Someone starts a Reddit thread asking how to double 10K quickly.

One person suggested buying products for $1, then selling them for $2. Was she being tongue-in-cheek? Maybe – but she basically described flipping, which is actually a great way to make money.

Someone on Reddit suggests flipping products as a way to double 10K quickly. 

Another user suggested a more cautious approach: Investing the money (check out EquityMultiple for real estate investments), then focusing on a side hustle (see: How to make more money). They also mentioned the possibility of flipping items on Craigslist or Facebook Marketplace.

A Redditor discusses how to make 10K quickly by getting a side hustle.
A Redditor discusses how to make 10K quickly by getting a side hustle.

Investing in real estate (check out EquityMultiple) was another option mentioned. One Redditor claimed to make $450-$600 each month.

A Reddit user suggests buying real estate as a way to double 10K quickly.
A Reddit user suggests buying real estate as a way to double 10K quickly.

So there’s no single idea for how to double 10K quickly. As this Reddit thread shows, there are multiple ways to make money. It’s your job to decide which is right for you!

Common Questions About How to Double 10K Quickly

How To Flip $10 000 Dollars Fast?

Here are some ways to flip $10,000 fast:

What Is The Quickest Way to Double The Amount of Money You Have?

The quickest way to double your money is by investing in assets with volatile prices – things like crypto and stocks. Buy a Morningstar subscription for expert guidance. Be aware this is extremely risky. When prices are volatile, they can go down as well as up – and you could end up losing your money or you can make double your money.

Another quick way to double the amount of money you have is to lend it to people. They pay you back plus interest payments. Download the free Lenme app to learn more.

Here’s more information about How to Make More Money.

How Can I Double $5000 Dollars? 

You can double $5,000 by investing or using it to start a business.

  • Learn about investing in real estate with as little as $100 dollars by signing up for the Arrived Homes email newsletter
  • Lend people money to earn interest payments. Download the free Lenme app to get matched.
  • Invest in stocks with the the Acorns app
  • To double $5000 dollars quickly you can invest in stocks but it really helps to have expert guidance with a Morningstar subscription

You can also use the platform EquityMultiple to buy into a real estate portfolio. And if you decide to start a business, you could flip items, write an email newsletter, or sell products online. 

How To Make Money With $10,000 Dollars?

Learn about real estate investing with the free Arrived Homes email newsletter – they show you how to buy shares of property.

Lend people your $10,000 dollars to get it back plus interest. But be smart about it. Use the Lenme app to get matched with trustworthy people who need your money and are willing to pay you interest for it.

You can make money with $10,000 by using it to start an online business. You could also write a blog, create an email newsletter, flip items, or sell online courses. 

You can also invest in stocks with the Acorns app. Or get stock tips with a Morningstar subscription.

How To Flip 10K into 100K?

Flipping 10K into 100k is definitely possible.

The fastest way how to flip 10k into 100k is buying stocks. I highly recommend you learn what you’re doing first! Buy a Morningstar subscription. They’ve been helping investors for over 40 years.

If you prefer real estate, get the free Arrived Home newsletter. They’ll show you how you can easily buy shares of property to flip it to 100k or more.

Another trusted real estate investment platform is EquityMultiple.

Here’s a simple way to flip 10k into 100k: lend money. Get the Lenme app. They match you up with trustworthy people who need money and are willing to pay you interest each month.

Or to flip 10k into 100k you can create an online business or write a blog.

How To Turn 10K Into 20K Fast? 

Here are ideas for how to double 10K quickly:

Dream BIG and check out my guide to how to make $20,000 dollars a week.

How To Turn 10K Into Passive Income? 

The best way to turn 10K into passive income is by investing it or loaning it out.

Download the Lenme app to loan money to people who will pay you back plus pay you interest every month.

The Lenme app uses an algorithm to match you with people who fit your risk profile. In other words, you’ll see how trustworthy the person is before you agree to lend them money.

Investment ideas:

For more advice, check out this article on How to Make More Money.

How to Double 20K Quickly?

You can double 20k quickly by flipping items. The idea is to buy items for cheap, then sell them for more.

Download the free Temu app to buy popular items for cheap. Then sell them for a profit on Amazon, flea markets, Facebook Market, Craigslist, and more.

Some of the best items to flip include furniture, sports memorabilia, and even websites. Another way to double 20k quickly is by investing in real estate with EquityMultiple. Check out this post on How to Make More Money.

Related:

Source:

1- https://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf

2 – https://www.ftc.gov/news-events/news/press-releases/2023/02/new-ftc-data-show-consumers-reported-losing-nearly-88-billion-scams-2022

3 – https://unsplash.com/photos/n1m25jvupEU

4 – https://unsplash.com/photos/9gGvNWBeOq4