Rule of 72 is a mathematical way to estimate the number of years it will take for your money to double with compounding interest.You can use this simple rule of thumb as a base estimate for investments. Here’s how it works.
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Investing in the stock market is one of the best ways to multiply your money. The stock market can be risky and you might lose money. You also make money investing in the stock market – you can’t do that without some risk.
Try to start some side business like online T-shirt selling or small home event organisation like birthday party.
You can do this in your family or friends circle. This is also my side hustle, but don’t give to much amount to one person.
Investing in real estate no risky as compare to stock market. You may not be able to fill a particular property or you may face an expensive repair. You may also have problem tenants.
I always suggest people don’t put too much amount in your saving account. Try to invest in Mutual Fund or Index fund.
Invest on Govt Bond there your money will save and give you high interest as compare to saving account.