How to Double Your Money Using The Rule of 72

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Title	:	How to Double Your Money Using The Rule of 72
Lasting	:	8.13
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Views	:	314 rb

A Financial Planner told me Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
Comment from : Alexander Webber

Our perceptions of your approach influence how we interpret, understand, and act on the truth Getting into investing i stuck to Avoiding high interest debt Cutting costs spending less, earning more and investing passively The best way to find that balance between saving and living is by investingwhat i can say to early investors is diversification and solid management this was how i got to my first millionat this point I'm actually grateful for my advisor Lisa Rosa Cavanagh
Comment from : Lancey Roche

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
Comment from : Quinn Conor

Thanks for your
Comment from : توحید

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
Comment from : Clement Russo

Protecting your capital is much more important than making money Basically because if you lose your capital, making money is much harder ''Missing the train'' vs ''losing your money'' There are a lot of trains, but if your money is gone, it's over
Comment from : Patrick Truby

Making money is all about hard work and apply your knowledge in the suitable business Thanks for giving us knowledge
Comment from : Md Jahid

Great video for those looking for a good stocks to start with id recommend 3m, apple , altria ,coca cola or pepsi
Comment from : Power Miller

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
Comment from : Alex Steven M

I’m glad I pulled through, despite the crises I am retiring next yr at 55 with 3 houses paid off worth 45 million One is my place of residence the other 2 properties will give me $80,000per/yr rent I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably I have no debts Stay Motivated!!
Comment from : Sarah Lazare

Awesome content!!! Regardless of the markets ups and down its still a win win working with my broker Olivia Rene Reyes, people buy stocks with no regard for Macro concerns like inflation and interest rates That's a rookie mistake,I started my portfolio with precisely 84k grand in stocks and currently over 13 million in my portfolio , never had major loses all of that covered by her insurance policies I still believe that the secret to financial stability is having the right strategy to enable you earn more money,
Comment from : Van Hall

individual stocks have been what has generated a good part of profits to my portfolio, I invested 80K in a diverse portfolio of stocks, ETFs, grade bonds & made about 390k in a couple of months, but guess what? I re-invested and it compounded even more, closing in a million soon My broker James Fletcher Brennan handles my investments and ensures i stay above the market
Comment from : Toni MHamilton

Inflation rate isn't actually the rate at which prices increase, it's the rate at which our money is becoming worthless and buys less every year Just sayin'
Comment from : Dave

Iv been using this rule of 72 since the early 80s From A L Williams investments, and Napoleon HillThanks
Comment from : bser3973

The Federal Reserve regulates a high-risk and highly volatile asset class I don't want to use this as an analogy, but with the shuttle missions, part of the risk/reward equation that people understand is that there might end up being a Challenger mission or two in the first hundred flights Likewise, for a whole new class of financial assets developing at lightning speed, disaster can strike Regulating it too early (and too strictly) could stifle its development
Comment from : kelly chen

I’m 40, been maxing out my 401k, ira and hsa since I started working in 2009 This month I will crack the $1M mark I’m 100 in various blue chip stocks and ETFs from Vanguard My secret to saving money is, Avoiding debt, Cutting costs, i invest passively with my broker Susan Kay Mack, she handles my investments and ensures i stay above the market
Comment from : Eric Wilde

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?
Comment from : Carlo Case

How can you use this rule with DRIP programs?
Comment from : RJ Miley

Money is worth 72 times less than it was 144 years ago, Gold and Silver on the other hand 😉
Comment from : Darryn Sly

excelente video
Comment from : Cristiano Matias

I'd rather trade the Crypto market as its more profitable I make an average of $15,000 per week even though I barely trade myself
Comment from : Segundo Quesada

Interesting
Comment from : Aisty

I want to start investing Is it safe to start now, or should I wait until the end of this possible correction/bear market, despite the economic crisis facing the world, is this the right time to invest in stock,Gold/crypto?
Comment from : Nancy Kirrean

This is a great video I was not aware of the rule of 72
Comment from : Veronica Valasek

Thank you Very Informative Video
Comment from : Sudha & Ramesh - Keys to Soul - Stimming Music

Clearly a rekt advice in times of defi where daily autocompounding of stablecoins have become reality
Comment from : Marc

Start at 1:12
Comment from : Mark R

Is that you nilered?
Comment from : amensky dumnezeusky

And as it is appointed unto men once to die, but after this the judgment: (Hebrews 9:27)brThe Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance (2 Peter 3:9)brI tell you, Nay: but, except ye repent, ye shall all likewise perish (Luke 13:5)brAnd the times of this ignorance God winked at; but now commandeth all men every where to repent: (Acts 17:30)
Comment from : Alan Deli

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Comment from : Anastasia Fernandez

The stock market giveth and taketh away!
Comment from : SuperSexyCardboard

I think 72 is one of those sacred numbers
Comment from : alicia nicole

i have been making losses trying to make profit trading crypto I thought trading demo account is just like trading the real market can anyone help me out or at least advise me on what to do?
Comment from : Micheal William

Is this somehow connected on how to calculate present value and future value?
Comment from : fritz gerald mariano

Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $7,000 investment every 12days
Comment from : Pam atkins-burdette

In 1904, Albert Einstein and Nathan Rosen developed a theory that particles, such as electrons, can be exchanged between two "wells" of potential energy When this occurs, the mass of the electrons is transferred to the higher potential well By increasing the mass of the electrons, the potential energy of the electrons is increased by the same amount Thus, the electrons can gain energy and pass from one well to anotherbrTherefore, in order to double your money, double your potential energy
Comment from : Ibra Business Lab

Funny how this comment section has 72 comments 💜💛💯 QuAnt
Comment from : Beeman 2892

There might be an economical turmoil but there is no doubt that this is still the best time to invest
Comment from : Deborah Judson

The most prudent thing for everyone to do right now is to invest in other sources of income that do not rely on the government Especially in light of the present global economic crisis This is still an excellent opportunity to invest in stocks gold, silver and digital currencies
Comment from : Walters Linton

Nothing is right when u have a loser behind "chat_bubble To be bad, it is said about someone unlucky or about someone or something that brings bad luck"
Comment from : Emma

I'm finishing the reading of the book Warren Buffet and it has several teachings about it, top content, looking for new followers, and relevance to our finance channel cool
Comment from : OPEN MIND INVESTIMENTOS

Thank you Excellent content Hope your channel grows 🙌🤘
Comment from : preprodigy

Can this rule be applied to Cryptos using FTX app?🤔
Comment from : Jose Villanueva

Great video Thanks for sharing
Comment from : B ABU 13

it is true that by those unexpected strategy the six figures of money is really possible with the compound interest is a good type of interest where in more people will invest and always think to invest wisely investment #4 is a very good investment that's why it is good to have more source of income to bet inflation that is growing day by day Great content and i love your videos
Comment from : Best Movies Explained

Nice video
Comment from : Ommay Kulsum

For anyone older than 10yrs just go and learn CAGR This is just an inaccurate approximation
Comment from : Kunal Biswas

One thing I've learned from watching this and other videos like it: my intention is to learn something helpful but instead I learn I need to stop watching these, because I end up depressed__$1000 in savings @ 5 int will double in 72 yrs! WTBleep?! First, what bank offers 5 int on a savings acct today? As well as, where does one get 10 on an investment return, CD's etc these days? The information is never relevent for those working their way from the bottom, in their 60's 😢 😒
Comment from : Debra Cisneros, HHP

I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs Kristin Hartman
Comment from : Annabell Thompson