5.1K views · 248 reactions | Do you know the Rule of 72? It’s an easy way to calculate how long it’s going to take your money to double and is one of the most important concepts to learning the How Money Works™ principles. #TheRealHowMoneyWorks Bit.ly/PriDisclosures | Primerica | Facebook
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5.1K views · 248 reactions | Do you know the Rule of 72? It’s an easy …
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How fast can you double your money? There’s a simple rule financial experts swear by — the Rule of 72. Just divide 72 by the rate of return. At 6%, it takes 12 years to double your money. At 8%, it’s 9 years. But… why does it work? 🤔 If you’ve ever wondered how compound interest *magically* makes your money grow faster, the Rule of 72 holds the answer. In this video, we use the simple idea of compounding and some basic arithmetic to show why the Rule of 72 works. 🚀💰 How long does it take for
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