- Mandino Tan

# Money Rule #3: It's a Double Game

You could stop reading this right now if you understand this.
The entire game of money is about doubling your money. What do I mean by double your money? Let me explain it to you this way.
If you have $1,000 cash in your bank account, you are **ten doubles** away from having a million dollars. You're five doubles away from $32,000, 13 doubles away from having $8.192 million, and 14 doubles away from 16 million dollars. How soon can you double your money?
That's it. It's a doubles game. Can you take that $1,000 and double it to $2,000 in the next year? Now that it's $2,000, you're nine steps away from a million dollars. **If you already have $100,000 in your account, then you're three to four doubles away from a million dollars.** Building wealth is a piece of cake when you understand the doubles game.

Now that you have the basic concept, the question comes down to two things, your risk tolerance and your horizon.
Your **risk tolerance** depends on your **age**. If you're 65, your risk tolerance is lower than if you're 22. Horizon has to do with time. What is your time horizon? The time horizon could be, "I want to have a million dollars by ten years from now." Great. If you want to have a million dollars by ten years from now, first start with what do you have right now. Then you play the doubles game. For instance, if you have $17,000, you'd ask how many doubles do you need to get to a million bucks. From there, you can determine a time goal for each of the doubles to meet your goal within ten years.
It's a simple game, as long as you know the amount you have, the amount you want, and your risk tolerance, and time horizon.