This simple formula tells you how long it will take for your money to double - while you sit back and relax

[MULTIZ321]

This simple formula tells you how long it will take for your money to double - while you sit back and relax.

This simple formula tells you how long it will take for your money to double—while you sit back and relax

The "Rule of 72" approximates how many years it will take for your money to double, given a fixed interest rate. The higher the rate, the more you'll earn.

www.cnbc.com

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Richard

 

[DancingWaters]

Encouraging, though today’s stock market is scary

 

[Brett]

Encouraging, though today’s stock market is scary

scary yes
The formula says at today's 1.5% interest rate it will take 48 years to double your money if you're not in the stock market, - but at least you can sit back and relax

 

[pedro47]

Forty-eight (48 ) years to double your money, well if you start at age of 21 you will be 69 years old, after 48 years; you are one year from been eligibility for full social security benefits.... This does not sound like a good planning to me.

You will have no emergency funds.

The person would be better off purchasing government saving bonds or saving every lose coins in a Peggy bank for 48 years LOL..

Once per year he/she could dump all those coins into a saving account or purchase a government bond or a six months savings certificate,