$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC February 17, 2020
FINANCIAL LITERACY , SAVINGS

THE “RULE OF 72” – YES YOU NEED IT!

        Have you heard of the “Rule of 72”?  This simple rule helps your HARD-EARNED MONEY grow!  The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return.  The formula: {72 / interest rate = Number years to double}. How long do you believe it will take to double your money if placed in a typical U. S. savings account?   ...

Read More