Rule of 72

What is the Rule of 72 and How Does it Work? The rule of 72 is a simple way to figure out about how long it will take an amount of money to double. All you need to do is divide 72 by the annual interest rate. #investing #debtfree #learnaboutfinance #ruleof72

The "Rule of 72" approximates how many years it will take for your money to double, given a fixed interest rate. The higher the rate, the more you'll earn.

Use the Rule of 72 to easily figure out how long it will take your money to double

3 simple examples of investor rules of thumb every dividend growth investor should know. They are easy to apply and separate wheat from chaff.

The rule of 72 is a mental math shortcut, a simple, powerful formula that can be used to quickly approximate the amount of time it takes for money to double, given a fixed interest rate. #suckersanonymous #howmoneyworks #financialliteracy #personalfinance #interest #rates