The rule of 72 might seem a little confusing at first, but once you’ve got it down it is actually pretty simple. When you apply it correctly it will tell you how long it will take you to double your money with your current investment (or how long it will take for that credit card bill to double… yikes). Casey and Danijel explain how the Rule of 72 works and how you can use it.

0:28 How does the Rule of 72 work

0:40 Rule of 72 math

1:21 Calculating the deterioration of your money

1:47 Calculating Investment fees

2:11 Rule of 72 and interest

2:53 Reversing the formula

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*This episode does not constitute financial advice and is for informational and educational purposes only.