How to Double Your Money Using The Rule of 72

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!

Awesome Goodies 👇

Please note that the above links are affiliate links.

#Rule #72

⏱ Time Stamp:

00:00 Introduction
00:52 The Rule of 72
02:20 Compound interest
03:29 Investments
04:43 Inflation rate
05:41 Savings

🚀 POPULAR VIDEOS: 📺

🌎 Practical Wisdom – Interesting Ideas
On this channel, I talk about money, lifestyle, investing, how to make money online, e-commerce and so much more. So, make sure to subscribe if this interest you!

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.
The Audible, Seeking Alpha, Skillshare, Vint, and Depositphotos links are affiliate links meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.

[ryanwilliams]

Biggest lesson i learnt in 2023/24 in the trading market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

[micheal_mills]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same markt raking in over $200k gains with months, I'm really just confused at this point

[MIchaelGuzman]

If you're looking to get rich quick then the stock market isn't for you. You've got to overcome your nerves and look at the bigger picture long term.

[johnben]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[alexsteven.m]

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol...

[cloudyblaze]

The S&P 500, if one sticks with it, outpaces inflation by many percentage points, and is a good place to grow money. I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $80k for a start. Just don't know how to proceed

[Riggsnic_co]

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

[carlocase]

As a beginner, I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure such aggressive returns?

[KarlGrabe]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[curiousme]

Everybody thinks about what if it doesn't work out.
BUT What if it does work out

Everything is impossible until it's possible!!

I'm definitely going to start taking risks. The outcome may surprise each of us

[Thompson]

So many investing videos on YouTube most viewers no longer know which to follow.... Why not just recommend good auto-trader tools, like Aixprobot, or let viewers know which you are using then you have saved so much stress and heart aches.

[ClementRusso]

My spouse and I are diversifying our long-term investment portfolio by adding various stocks and ETFs. We've allocated $220k to begin with, focusing on inflation-indexed bonds and companies with strong cash flows. I think the current market presents a good opportunity for long-term gains, but I'm also interested in learning ways to make short-term profits.

[KPad]

My money doubling negatively right now

[GrowthMindsetChannel]

“Someone’s sitting in the shade today because someone planted a tree a long time ago.” ~ Warren Buffett 💪🏻🚀

[ZorDIe]

Thank you. Excellent content. Hope your channel grows 🙌🤘

[flemmingbrooke]

Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.

[vvalasek]

This is a great video. I was not aware of the rule of 72

[wdzfkex]

Making money is all about hard work and apply your knowledge in the suitable business. Thanks for giving us knowledge.

[Financial-Insider]

Plis, could I know which software do you use for making the audio/speech?

[bser]

Iv been using this rule of 72 since the early 80s. From A L Williams investments, and Napoleon Hill.Thanks