Double your dating cd month
If you think that doubling your money isn’t good enough, then the Rule of 115 is for you. This is the amount of time it takes you to triple your money.
This rule of thumb shows you how long it will take to TRIPLE your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years (115 divided by 8 equals 14.3).
Some of the most important math skills you need, it turns out, are the basic ones you learned in fourth grade.
Simple double-digit multiplication and division can help you TRIPLE your money.
But don’t take my word for it…get a handle on this by going out there and proving it to yourself.
I suggest picking a day and jumping in, connecting with a few great women online first, or just going straight out to a coffee shop, the mall, wherever.
As a side note, the Rule of 72 assumes that your money “compounds annually” – a term which means that once a year, your interest gets added to your principal and the entire amount is reinvested.
Note that tripling your money is easier – in some respects - than doubling your money.
This is the number of years it will take for your money to double.
For example, if your money is earning an 8 percent interest rate, you’ll double your money in 9 years (72 divided by 8 equals 9).
However, it’s a useful guide for making a quick mental calculation of how long it will take you to turn ,000 into ,000.
Besides, it’s a fantastic reminder of how powerful a single percentage point can be.
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