How to grow money triple in six years.

Friends! Today we are living in the age of Materialism. Every things in this world is valued by money. Although it is not hundred percent true. I, too, do not agree with it. But it is a fact that money is playing a vital role in this world. There is a famous proverb-

Money is not god, but it is not less than god.

 We may agree or not agree with this popular saying, but we accept the importance of money. Everyone wants to grow his money legally. Somebody wants to grow their money double or somebody wants to grow their money triple in the shortest period of time. So, I am going to show you how to grow your money triple in the shortest  possible time.

photo source-pixabay.com

The rule of 114

It is called the rule of 114. In this rule, we divide this number with the number of years in which we want to grow our money threefold. For example, if you want to grow your money triple in three years then you have to divide 114 by 3. The result is 38. That means at the rate of 38% interest rate annually, your money will be tripled in three years(Approx). But it is sad, there is no investment tool available to give guaranteed 38% return. Some mutual funds do give this return sometimes or the other, but they do not give guaranty of it.

So, let us see another example: If you want to grow your money triple in 6 years. Let us divide 114 by 6, we get 19. It is the required rate of interest by which you can get your money tripled in six years(Approx).

In order to get our money tripled in 6 years we have to choose an investment option that might give 19% interest rate annually. There are a lot of Mutual funds that give 19% returns in six year(Approx). All you have to do is that invest in a blue chip fund with growth option and stay invested in six years(Approx).