The Rule of 72 is a handy little shortcut that can tell you how long it will take you to double your money given a fixed interest rate. http://bit.ly/Rule-of-72-Cheat-Sheet
Discover how compound interest can accelerate your savings. Download my Rule of 72 Cheat Sheet for FREE, by clicking the link above.
“Time is the friend of a wonderful business investment and the enemy of a lousy business investment.” #WarrenBuffett @Rule1_Investing (Tweet this: http://ctt.ec/Nk8g6)
_____________
Learn more:
Subscribe to my channel for free stuff, tips and more!
YouTube: http://budurl.com/kacp
Facebook: https://www.facebook.com/rule1investing
Twitter: https://twitter.com/Rule1_Investing
Google+: + PhilTownRule1Investing
Pinterest: http://www.pinterest.com/rule1investing
LinkedIn: https://www.linkedin.com/company/rule…
Blog: http://bit.ly/1YdqVXI
Podcast: http://bit.ly/1KYuWb4
source
or you can learn exponents and logarithms and you get exact result not an approximation.
Thank You
So you mean in 7 years I could have like $14 in my bank account? Doubling what I currently have isn't really blowing my socks off ?
A dislike for the stupid ad
Is this applicable only in the US?
just put it in Bitcoin and you will double it in 1 week
i wanna double my money every year mentor me
I love you man
Why don't finance professionals use layman numbers when they talk money, and by laymen I mean numbers we can relate to, for those that are starting with a little bite the large numbers make things seem hopeless.
This is really good knowledge!
ln(2)/ln(1.01) = 69.66, so shouldn´t it be the rule of 69.66? or the rule of 70 for simplicity?
Sir I have a doubt. If I bought a share at 40 and sold that at 400 my actual profit ll be 9 times. Means 360…!!! And by rule 72 the profit of the same example ll be 40960 How is it possible…!!! Please clear the doubt…!! Lots of trouble…!!
thank you…
I've started reading Rule 1 everyday and trying to learn as much as possible. I think it's awesome but I'm struggling with finding the sticker price for companies. I don't know if the info on MSN and Yahoo is more limited for companies here in New Zealand, or if I'm just a bit slow. Either way I sincerely want to learn and am spending a few hours everyday on this. Just need some help ?
Yea but why the number 72?
The rule 72 is one of most useful wealth rules. Thanks. #SecretsSelfmadeBillionaires