14 reactions | The Rule of 72 is a tried and true equation that determines how long it will take an investment to double, given a fixed interest rate. Interested in learning how to apply this strategy? Read how Phil Town uses the Rule of 72 in his own investments. https://bit.ly/3COpObm | Phil Town's Rule #1 Investing | Facebook
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14 reactions | The Rule of 72 is a tried and true equation that determines how long it will take an investment to double, given a fixed interest rate. Interested in learning how to apply
Phil Town's Rule #1 Investing. . The Rule of 72 is a tried and true equation that determines how long it will take an investment to double, given a fixed interest rate. Interested in learning how to apply this strategy? Read how Phil Town uses the Rule of 72 in his own investments. https://bit.ly/3COpObm
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🤔 Do you understand the Rule of 72? 🤔 You've probably heard of it, but you might not know what it means or, more importantly, how it's used against you! Use this formula to calculate your own compounded interest. Better yet, understand how credit card companies and other financial institutions make insane amounts of money from you because of it. Get the guide to the Rule of 72 below! | Phil Town's Rule #1 Investing
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🤔 Do you understand the Rule of 72? 🤔 You've probably heard of it, but you might not know what it means or, more importantly, how it's used against you! Use this formula to calculate your own compounded interest. Better yet, understand how credit card companies and other financial institutions make insane amounts of money from you because of it. Get the guide to the Rule of 72 below! | Phil Town's Rule #1 Investing
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🤔 Do you understand the Rule of 72? 🤔 You've probably heard of it, but you might not know what it means or, more importantly, how it's used against you! Use this formula to calculate your own compounded interest. Better yet, understand how credit card companies and other financial institutions make insane amounts of money from you because of it. Get the guide to the Rule of 72 below! | Phil Town's Rule #1 Investing
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💡 Ever heard of the Rule of 72? It’s a simple way to figure out how long it’ll take your money to double—based on your rate of return. 📈 Just take 72 ÷ your interest rate = years to double your money. ✅ 10% return → 72 ÷ 10 = 7.2 years ✅ 6% return → 72 ÷ 6 = 12 years ✅ 3% return → 72 ÷ 3 = 24 years Now ask yourself: Is your money doubling fast enough? Or just barely growing? If you're not happy with your answer… it might be time for a better strategy. 👉 Comment or DM “72” and I’ll show you ho
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