Let us break this down 1. You add money to your investments with 5% annual return 2. Add more money 3. Now you give it some time 4. And soon the 5% starts to multiply every year 5. More years go by and you add 5% on 5% 6. All equals Compound Interest #moneyface Now let us put this together, you smart little Emoji you have saved a ton of money and are ready to invest it, now you add money to your investment...
Emoji Finance Friday©: Rule of 72
1. You have a question 2. About how long it will take your investments to double 3. You ask your financial professional 4. Who shares the idea of 5. Dividing 72 by the percentage of the return 6. This all equals this idea called Rule of 72 Let us piece this together You have a question on how to figure out how long it will take for your money to double in your current investments. So you ask your financial...