Investing money wisely will inevitably help you double your fortune, but the difference lies in how fast you want to attain this goal. Due to the compounding effect, even a modest 8% interest rate on your investments will turn your $1,000 into $2,100+ in 10 years. However, not all people are ready to wait for a decade. If you’re one of them, it may be reasonable to assume a higher degree of investment risk and opt for higher-yield investments, like DeFi and crypto.