Rule of 72 (Video)

Have you ever heard of the financial concept called the rule of 72?
It’s a very interesting and useful principle, which has been around for about 400 years. And it’s even said that Albert Einstein called it the eighth wonder of the world.
With compound interest, you can use the rule of 72 to show how long it takes for your money to double at a certain interest rate: You simply take the number 72 and divide it by your interest rate. This will show you approximately how many years it will take for your money to double.
72 ÷ %
72 divided by your interest rate equals the number of years it will take for your money to double
Watch this video to learn:
- How you can use this simple rule to calculate the number of years it will take to double your money at a given interest rate.
- Why you should start investing as soon as possible.
- How getting a better rate of return can make a big difference.
If you would like more information about how money works, please contact your Genistar representative.
Free Financial Game Plan
If you're interested in a complimentary FGP (Financial Game Plan) or in learning how to earn additional income with Genistar, contact your Genistar representative or click the button below.
Our Products and Services
Genistar can help you with many products and services:
-
Personal Protection
-
Buildings and Contents
-
Wills & Trusts
-
Pensions and Investments
-
Commercial Insurance
-
Debt Solutions
-
Mortgages
Click here to read more about our products and services
Subscribe and Get a Free E-Book
Subscribe to our free monthly newsletter and keep abreast of all the latest news from Genistar, including articles like this. When you subscribe, we’ll also send you a free pdf copy of the E-book, Your Journey to Financial Freedom.
[newsletter_form class="subscription-form" button_label="Subscribe!"] [newsletter_field name="first_name" label="Name"] [newsletter_field name="email" label="Email"] [newsletter_field name="privacy" label="By continuing, you accept the privacy policy"] [/newsletter_form]