3.6K views · 26 reactions | Small investments can grow exponentially over the course of decades. Investing just $1,000 per month starting at age 20 will leave you with over $1 million by the time you are ready to retire. Watch this video to see exactly how much money you will get and to see how much the total changes depending on what age you start saving. | CNBC | Facebook
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3.6K views · 26 reactions | Small investments can grow exponential…
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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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The Secret Formula to Doubling Your Money: Here’s What You Need to Know ⬇️⬇️ Ever wondered how to double your money without working harder? It’s all about understanding the Rule of 72. The Rule of 72 is a simple formula that helps you estimate how long it will take to double your money, based on the average annual rate of return. You just take 72 and divide it by your expected annual return percentage. The result is the number of years it’ll take for your investment to double. Let’s put this int
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