The Bankers Rule

How many people do you know that save too much money every single month? Nearly One-Third of non retired Americans don’t have a retirement plan. The People that make main street run have no idea how their going to retire. Your engineers, doctors, or teachers in all honestly tend to have financial problems and these are the people that make North America run. If there’s one thing that you need to take to better yourself off is understanding this thing called “The Rule of 72” sometimes called the “Bankers Rule.” This Rule lets you know how long it takes for your money to double. Look at these numbers to get a better understanding on how to Grow your wealth!

Lets Begin

The Rule of 72 lets you know how long its going to take for your money to double.

So what you do is take 72 and Divide it by the amount of interest rate you’re receiving.

Example Time!

Lets say you invest $10,000 Right now. Lets see how many years it takes to double only receiving a 3% and a 6% rate of return.

• Remember its doubling every time!

After Forty-Eight years at a 3% rate of return your only looking at $40,000…

At a 6% rate of return your looking at $160,000

Magic Happens in the Double Digits

At 12%

You surpass 3% after only twelve years.

You beat 6% within half the amount of time

And after Forty-eight years your $10,000 compounded to $2,560,000

Lets say the market doesn't do that good maybe you’ll only receive 1.7 million or lets say it does better than expected and you receive 3 million…regardless its still better than getting a “Guaranteed 3%”

• Learn where to place your money

Contact me if you have direct questions!

Fun Fact:

This is what it looks like placing your money in a place that’s giving you close to nothing

Great for an emergency savings not as an investment IMO