“There’s an old economic rule known as the ‘Rule of 72’ that tells us how many years it would take for something to double in value.” 72 / by growth rate.Simply divide the growth rate or interest rate into 72 and the answer will tell you how many years it would take for your investment to double in value.
Let’s say that you have $100,000 in an investment growing at 8%. What you do is divide 8% into 72 and this will give you 9 years. So, in 9 years ignoring fees and the effect of taxation, your investment will double in value to $200,000. “
Q: Can you share it?
A: Yes, but… only with the friends and colleagues who care.
My mentor taught me, “Have conversations that matter with people who care.”
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