How to Double $1000 in a Week (7 PROVEN Methods!)

8 min readOct 23, 2023

Wondering how to double 1000 dollars in a week? Check out these proven methods to grow your money fast!

Here’s the quick rundown:

Invest in Rental Properties with Arrived

If you are looking for a reliable way to invest your $1,000 and double your money in a week, investing in rental properties with Arrived can be a great option.

Arrived Homes is a real estate investment platform that allows you to invest in single-family rental homes across the United States.

Arrived Homes offers a unique investment strategy that can generate passive income and long-term returns. The platform sources high-quality properties, performs necessary renovations, and rents them out to tenants. As an investor, you can buy a share of the property and earn a share of the rental income.

Arrived Homes charges a sourcing fee of 3.5% to 5% and a 0.15% asset management fee. Additionally, investors pay a 5% gross rents fee. The platform has a minimum investment requirement of $100.

Investing in rental properties with Arrived Homes can provide several benefits, including potential appreciation, passive income, and diversification of your investment portfolio. Moreover, rental properties can provide higher returns than traditional investments, such as stocks and bonds, especially in a low-interest-rate environment.

In conclusion, if you are looking for a simple and effective way to double your $1,000 investment in a week, investing in rental properties with Arrived Homes can be a smart strategy. The platform provides a hassle-free way to invest in real estate and generate passive income and long-term returns.

Invest in Index Funds with Acorns

If you’re looking to double your $1000 investment in a week, investing in index funds with Acorns might be a good option for you.

Acorns is an investment app that allows you to invest your spare change from everyday purchases in expert-built portfolios recommended for you.

Index funds are a type of mutual fund that tracks a specific index, such as the S&P 500. They offer a naturally diverse portfolio, which minimizes risk. By investing in an index fund, you’re not trying to beat the market, but rather match its performance.

Acorns offers a variety of index funds to choose from, and you can customize your portfolio based on your investment goals and risk tolerance. The app also offers an Acorns Checking deposit account, which allows you to earn interest on your savings and invest in index funds at the same time.

Investing in index funds with Acorns does come with some risk, as with any investment. However, by diversifying your portfolio and investing for the long-term, you can potentially earn a higher annual rate of return than with traditional savings accounts.

It’s important to do your own research and consult with a financial advisor before making any investment decisions. Additionally, keep in mind that investments may be subject to state and federal income taxes, and there may be fees associated with buying and selling index funds.

Invest in Real Estate Debt with Groundfloor

If you’re looking for a way to double your $1,000 investment in a week, investing in real estate debt with Groundfloor might not be the best option.

However, if you’re looking for a way to earn passive income and potentially double your investment over time, Groundfloor can be a great option.

Groundfloor offers short-term financing to fund property renovations, with six-, nine-, and 12-month terms. This makes the company ideal for those who are looking to fund fix-and-flip projects and capitalize on foreclosures. House flippers can access Groundfloor loan amounts ranging from $75,000 to $750,000.

Investing in real estate debt with Groundfloor can be a smart strategy for those who want to diversify their portfolio and earn passive income. Groundfloor allows you to invest in debt backed by real estate, and usually has a short time horizon of 1 year or less. With Groundfloor, you choose individual projects to invest in and how much money you want to contribute to each.

Investing in real estate debt with Groundfloor does come with some risks, however. Like any investment, there is always the potential to lose money. Additionally, interest rates and property values can fluctuate, which can affect your returns.

Overall, investing in real estate debt with Groundfloor can be a great way to earn passive income and potentially double your investment over time. However, it’s important to do your research and understand the risks involved before investing your money.

Flip Things

One of the easiest ways to double your money is by flipping items. You can buy products at a lower price and sell them at a higher price to make a profit. Here are some things you can flip to make money:

Clothing: You can buy clothes from thrift stores or garage sales and sell them online for a higher price.
Collectibles: You can buy rare or popular items like Pokemon cards or Funko Pops and sell them for a profit.
Electronics: You can buy used electronics like phones or laptops and fix them up to sell for a higher price.
Furniture: You can buy used furniture and restore it to sell for a profit.

To make the most money, you need to know how to market your products effectively. You can use social media or online marketplaces to reach a wider audience. Make sure to take good pictures of your products and write detailed descriptions to attract buyers.

Flipping items can be a great side hustle to make extra income. However, it requires hard work and dedication to make a significant profit. Make sure to consider your expenses and time investment before starting your flipping business.

Invest in Cryptocurrency with Binance

If you’re looking to double your money in a week, investing in cryptocurrency with Binance might be an option worth considering. Binance is a secure and reliable platform that allows you to buy and sell cryptocurrencies like Bitcoin, Ethereum, and more.

However, it’s important to note that investing in cryptocurrency comes with higher risk compared to traditional investments like stocks or savings accounts. It’s crucial to do your research and gain knowledge about the market before investing your capital.

To invest in cryptocurrency with Binance, you’ll need to create an account and transfer funds from your bank account. Once you have funds available, you can buy your preferred cryptocurrency and hold it until you see a return on your investment.

It’s important to remember that returns on cryptocurrency investments can be volatile, and there are expenses associated with trading that can impact your returns. However, with the right knowledge and strategy, investing in cryptocurrency can be a way to make money online and potentially double your investment in a week.

Overall, investing in cryptocurrency with Binance can be a higher-risk, higher-return option for investors who are comfortable with the potential risks and have a vested interest in the future of cryptocurrency.

Start a Business

Starting a business is a great way to double your money in a week. It requires a bit of investment and effort, but the potential returns can be substantial. To start a business, you need to have a clear strategy and a good understanding of market trends.

You can start a small business by offering services such as freelance writing, social media management, or marketing. You can also start a YouTube channel or a Facebook page to promote your business and reach a wider audience.

Another option is to sell products online using platforms such as Amazon FBA or by promoting affiliate products. This requires some investment in inventory and marketing, but the potential returns can be significant.

To minimize risk, it’s important to diversify your business and not rely on a single source of income. You can also consult with a financial advisor to get advice on managing your expenses and maximizing your contribution to your business.

Overall, starting a business requires some knowledge and capital, but it can be a great way to double your money in a week if you have a clear strategy and are willing to put in the effort.

Gamble

If you are willing to take a higher risk, gambling can potentially double your $1,000 in a week. However, it’s important to note that gambling is not a reliable or sustainable way to make money. It’s crucial to approach gambling with caution and a clear strategy.

Before gambling, do your research and find reputable casinos or online gambling services. Look for promotions or bonuses that can increase your initial investment. Keep in mind that gambling is a game of chance and there is no guarantee of winning, so only gamble with money that you can afford to lose.

If you do decide to gamble, consider diversifying your bets and spreading them across different games or events. This can potentially increase your chances of winning and minimize your losses. Additionally, set a budget for your gambling and stick to it. Don’t chase your losses and know when to walk away.

Overall, while gambling can potentially double your $1,000 in a week, it’s important to approach it with caution and a clear strategy. Only gamble with money that you can afford to lose and don’t rely on gambling as a sustainable source of income.

Final Thoughts

Wondering how to double $1,000 in a week?

If you’re willing to take risks, there are ways to double your money quickly. However, keep in mind that with high rewards come high risks.Never invest more than you can afford to lose.