How to 2x Your Money

Ever wondered how long it takes to double your money? 🤔

The Rule of 72 is a formula that estimates how long it will take your money to double 🤩

💡 The rule of 72 says:

The # of years it takes for money to double =

72 ➗ annual rate of return (how much your money grows per year)

The lower the rate of return, the longer it will take for your money to double! 🤪

But if you invest in a stock with a higher rate of return, it will take less time for your money to double 🤓

Let's say you invest in a stock with a 9% rate of return. 📊

That means you'll only need 72 / 9 = 8 years for your money to double! 🤑

The Rule of 72 is useful for estimating the time it could take your investments to double, and illustrates how compound interest applies to investing 🤩

Still, it’s only an estimate! ✋

In real markets, annual return rates vary all the time 🔄

The Rule of 72 is a great way to plan your investments and make financial decisions with educated guesses 🤑

So get out there and start investing -- maybe you'll double your money! 🤩