Albert Einstein believed that the Rule of 72 was a more important discovery than his theory of relativity. The first reference of this rule comes from Luca Pacioli who is regarded as the “Father of Accounting”. In his 1494 book Summary of Arithmetic, Geometry, Proportions and Proportionality (Summa de Arithmetic, Geometria, Proportiono et Proportionalita) he explains the importance of this rule. Watch the whole video to find out more. Enjoy!
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#Rule #72
⏱ Time Stamp:
00:00 Introduction
00:52 The Rule of 72
02:20 Compound interest
03:29 Investments
04:43 Inflation rate
05:41 Savings
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My spouse and I are diversifying our long-term investment portfolio by adding various stocks and ETFs. We've allocated $220k to begin with, focusing on inflation-indexed bonds and companies with strong cash flows. I think the current market presents a good opportunity for long-term gains, but I'm also interested in learning ways to make short-term profits.
Thanks for your
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
The S&P 500, if one sticks with it, outpaces inflation by many percentage points, and is a good place to grow money. I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $80k for a start. Just don't know how to proceed
After doing some calculations and using some economic data for real estate i found number 72 in the process, I’m going to be so rich through what I found
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
How much money you doubled?
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Monthly dividends x dividend growth x crypto gains from CoinGoLive all-time high = how many days to double your money?
Please consider that this is not financial advice.
You can find dividend growth stocks and ETFs with the Market Chameleon Screener to double your money by reinvesting the dividends.
Please consider that this is not financial advice.
There are currently 29 stocks in India that are trading near their all-time highs and have gained between 1000 and 34000 percent in the last 3 years. With the website "Investing," you can stay well-informed globally and have a good screener on how to double your money fast. Please note that this is not financial advice.
With some REITs, you can receive monthly dividends. My favorite REITs and ETFs are the ticker symbols STAG, O (Realty Income), and the ETFs SPLV and SPHD. This way, you have a well-diversified investment and benefit from the long-term growth of monthly dividends. You can view the dividends paid out under historical data on Yahoo Finance.
Please consider that this is not financial advice.
Interesting video; I wish I had more time for experimentation, but I'll be 50 by June, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $5 million by the age of 65.
Biggest lesson i learnt in 2023/24 in the trading market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
It all boils down to technique, the downtrend leaves room to key in on the market and grow-substantially whether in the long or short run, it's only just easier to make profit when the market is green, a downtrend provides an equal high-yielding avenue if you have the requisite set of skills and knowledge, reason I've been using an investment-adviser to scale up in this hard time, only way I was able to raise upto $450k in the last months.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
What’s the sense of doubling your money when there will be nothing to spend it on?
Yes but compound interest is better.
Wealth/success is determined by the actions you take to acquire it. Show me a man who does not have an investment, and I will tell you how quickly he will become bankrupt. Investment is creating a safe haven for the future: with the correct investment selections that have the lowest risk and expert direction, profit and interest should be ensured.
So why would I use the rule of 72 instead of going to savings calculator online ? In addition to doubling money, you can calculate any amount and any rate and even include how much you’re putting into your account monthly/yearly/daily/weekly.
If you're saving money into an account with an interest rate of 1%, you're already doing it wrong. The best possible way I've come up with to save money for the future is to open a couple different savings accounts including an ISA with an interest rate of 5%, (the best thing about ISA's is they give tax free interest, if you choose a stocks and shares ISA that interest is paid to you directly rather than some banks that hold onto the interest until the end of the agreed term and will keep it if you withdraw before the time is up). Next pick one of the high interest rate £200 per month fixed deposit savings accounts and prioritise filling this first, then get a lower interest rate account of 6% that allows slightly bigger monthly deposits of £400 a month so that's 3 separate savings accounts that if you split £670 a month into as an example, you would have £112,283.44 given the current interest rates but they are likely to change a bit during this time so you can expect around a 1% rise or fall each year so this could take your potential £31,213.44 interest over or below by around 1.5%
Yall know I paid taxes before and never worked in a day in mylofe until I turned 19 2019 and I'm 23 years old .😂😂😂😂❤ goodnight that's all I needed to her and see the unteire time bye.
Are you people seeing dislike everytime? I'm sueing
In 2024, Don't set new year financial goals without consulting a financial adviser. Their expertise ensures a solid plan for success. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments.
I live in a least developed country. Instead of spending my $200 salary on a car like many other do. I put about 50% of it in fixed deposit accounts. Only 5 years already have $10.000. I'm aiming to reach $100.000 before I reached the age of 50.
What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for……….
The best way to double or triple your money, when poor, is doubling your value to the market. Find a niche, on something you love doing even for free,that you can become in expert, and then have excellent people’s skills, and work 24/7 and also have fun while doing it. Once you have a few millions then you can think of making money with investments. With $2,500,000 on 4% bonds you get about $100k a year minus your income taxes.