How to Double Your Money Using The Rule of 72 | Fastest Way To Grow Your Money | Power of Compound

#animatedbookshow #compoundgrowth
How to Double Your Money Using The Rule of 72 | Fastest Way To Grow Your Money | Power of Compound
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!
The Rule of 72 is perhaps the most effective tool you need to know how to double your money with compound interest. Through compound interest, our money can double several times over in our lifetimes.
The formula for the rule of 72 is 72 divided by the rate of return of your investment, which will equal the number of years it will take to double. So, depending on the interest rate, the years to double might differ. That’s why it helps to know the interest rates that your regular savings account provides vs the interest rate at a high yield savings account vs the average interest rate when you invest in the market.
The S&P 500 has been shown to average around 8% interest when adjusted for inflation, which roughly adds up to 9 years for your money to double. I recommend learning how to use the rule of 72 and understanding the power of compound interest when investing your money.
I hope that video helps explain the rule of 72 and answers your questions regarding the compounding and varying interest rates can affect your investments.
DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.

[@okaydamian]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@arlenehill4ril]

keep contributing! I'd suggest you consider financial advisory at this point, remember you are in for the long haul

[@LupeBaptista]

@maria_casey that's impressive ! I could really use the expertise of your mentor . who is the person guiding you please?

[@sabari1102]

For this rule of 72, it is better you make some video how to increase this percentage.
Example: 1) Invest some money in monthly return FD or Monthly return post office plans 2) Then invest those monthly returns in SIP...etc to gain more percentage of returns quickly will help many

[@bovasmathew7008]

Repeate value ❤❤❤

[@thangamani1550]

Not working 72 rule
Monthly or yearly compounding
will you share some Excel sheet

[@mgmuthusamy1972]

Super mam 🙏

[@animatedbookshow]

Thank you 🙏

[@Saravanansaravanan-kt9jf]

5.3

[@saivaishnav1535]

Dividend stocks

[@respectforIndia333]

5.5 years madem

[@karthikunique7699]

5.5 years

[@SRMCREATIONTAMIL]

Nice

[@animatedbookshow]

Thank you.

[@prasad5804]

Kannayiram name ok va

[@sdktamilchannel5564]

5.5 years ok mam

[@isaac6765]

😬 *Promosm*

[@ArvindKumar-fq8dz]

Best example of Compounding effect is humans

[@Kannan_RL]

72/13=5.5

[@animatedbookshow]

Thank you 🙏