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A lot of people can be overwhelmed by investing.
In particular - because it can look very complicated.
It can feel like that you need a Doctorate in Mathematics to have success.
But the reality is:
a) Investing is much more about emotional control than mathematical ability.
and b) the maths that are required is generally very simple.
Anyone selling complicated investments is probably trying to take you for a ride.
And today I wanted to share the very simple Rule of 72 - that can quickly show you how long it will take your investment to double in value.
Because that most important decision in investing is knowing the future value of your purchases today.
5
1212 ratings
A lot of people can be overwhelmed by investing.
In particular - because it can look very complicated.
It can feel like that you need a Doctorate in Mathematics to have success.
But the reality is:
a) Investing is much more about emotional control than mathematical ability.
and b) the maths that are required is generally very simple.
Anyone selling complicated investments is probably trying to take you for a ride.
And today I wanted to share the very simple Rule of 72 - that can quickly show you how long it will take your investment to double in value.
Because that most important decision in investing is knowing the future value of your purchases today.
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