Are you obsessed with the idea of making money? If you are you’ll probably have a social media full of videos about rich people telling you how to do it. What the mindset of a rich person is. The difference between being rich and being wealthy etc etc…
They make it sound so easy don’t they, ha!
One way that I’ve come across a few times to ‘easily’ become a millionaire is the theory of doubles.
Taking an investment and doubling it, and then doubling that, and that, and that again… you get the idea.
So how many doubles does it take to get to $1,000,000?
Well, obviously it depends on what you start with. So let’s take $1,000 as an example.
- $1,000 — $2,000
- $2,000 — $4,000
- $4000 — $8000
- $8,000 — $16,000
- $16,000 — $32,000
- $32,000 — $64,000
- $64,000 — $128,000
- $128,000 — $256,000
- $256,000 — $512,000
- $512,000 — $1,024,000
Whoa!! Can you believe that. It takes 10 doubles to turn $1,000 into over $1,000,000!
I know what you’re thinking… ‘but where do I find the doubles?’
Don’t worry, I have that covered for you.
When you buy and stake DRIP, you earn 1% per day on your investment. You can increase the value of the 1% by compounding your earnings regularly.
And here’s the best part. If you compound your earnings daily, you can effectively DOUBLE your investment every 74 days.
Assuming you actually have $1,000 worth of DRIP deposited after tax, 1000×1.0095⁷⁴=2013.11
Where 1000 is your deposits, and 1.0095 is your daily percentage increase taking the 5% hydration tax into account.
So, using $1,000 as an example again, let’s see how many days it would take to turn that into $1,000,000.
We know it takes 10 doubles to turn $1,000 into $1,000,000. So 74 days*10 = 740 days.
In actual fact, it’s slightly less than that because 74 days takes you over the doubled amount a touch. So it would actually take 731 days.
So, there’s the math. It would take you 731 days to turn a $1,000 investment into $1,000,000, provided the price of DRIP was the same then as it is now.
And that is without having to do anything at all (except compound your daily rewards obviously).
And what’s great about DRIP, is that you also have the opportunity to build a team by referring people, which will give you a bonus when they deposit. So you could actually speed up that 731 days if you wanted to.
I have been in DRIP for just over 4 months, and in that time I have actually 20x’d my initial investment. I started with $200 worth of DRIP, and my current deposits are worth over $4,000.
That’s from a combination of hydrating daily, referring other people to DRIP, and also seeing a decent price rise from when I first got in. In terms of my actual DRIP amount, I’ve 10x’d that.
So, if you want to get into a project where you can double your investment every 74 days, DRIP is the one for you!!
What is DRIP?
DRIP is a cryptocurrency that you can stake, and earn 1% interest on everyday. It also allows you to compound(called hydrate) your earnings at whatever timescale suits you — be it daily, weekly, monthly etc. And as you hydrate, naturally your daily earning increases. If you hydrate daily you can increase your yearly ROI to in excess of 3650%.
DRIP also allows you to build a team from referrals, which can accelerate your earnings by giving you a 10% bonus when the make their first initial deposit. Other bonuses come from additional deposit or hydrates, and follow a round robin system that is a maximum of 15 levels high. Among the 10% deposit bonus there are also other bonuses that you can enjoy from being in a good team including airdrops and hydrate bonuses.
If you’re ready to take the plunge and set yourself on the path to financial freedom, come chat to me in telegram, https://t.me/Joeyatko, I’ll help you to get started : )
How to Start in DRIP
- Go to https://drip.community/fountain, and exchange BNB for DRIP.
- Go to the Faucet, and enter a Buddy address in the Referral section. Consider adding my address for your Buddy: 0x4634c61bD0773E3C4993281a0aB8361c8925CBDd
- Deposit at least 1.12 DRIP (Ensure you have 0.05–0.1 BNB for transaction fees.)
You’re set up on DRIP. Get ready to receive 1% daily! But, do come back regularly to hit that hydrate/recompound button!
NOTE: The amount Deposited is not withdrawable. In exchange you receive 1% of that staked amount on a 24 hr basis for the next 365 days, which can be rehydrated/compounded, or claimed.
Disclaimer: Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.