Rule of 72

The Rule of 72 is a simple way to calculate how long it will take for your money to double with compound interest. Just divide 72 by your expected rate of return, and you'll get the number of years it will take for your investment to double.

For example:

At a 6% rate of return, your money will double in 12 years: 72/6 = 12
At an 8% rate of return, your money will double in 9 years: 72/8 = 9
Remember, the higher your rate of return, the fewer years it takes for your money to double. Over a lifetime, this can lead to substantial growth!

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