Rule 72 was discovered by Albert Einstein and he considered it his greatest discovery, the E= MC2 ( Squared). You may have applied this. This is the best way to acquire wealth. You will know when your money doubles. Just take the number 72 and divide it by the interest rate you have to earn. That number gives you the approximate number of years it will take for your investment to double. The bank can't make it, only in your business. Try this Rule 72 and make an estimation of when you will become wealthy.
Rule 72 of Albert Einstein- when your money doubles
- Thread starter Starmix
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I understand perfectly well what you are trying to communicate but just to be sure i would have loved if you created an illustration model of what excatly a picture of what you have said looks like.Let us say someoe who earns $500 in a month and how they would know what their life will be when they retire in about 20 years from now.
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The formula E= mc2 is the energy and mass equivalence formula. if we apply this very simple formula to investments systematically the results will not be 100% accurate, on average bond interest is 8%. If you have $500 to become $1000, it will take you 72/8 = 9 years. (Too long). So in my opinion don't use interest as a divider but use a time target. For example, your money is $ 500 to become $ 1000, then you can set a time target, for example 6 years, the calculation is 72/6 = 12%. meaning you should look for investments that provide interest/yield 12% a year.
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- #6
You can find the computation sample on the web, type Rule 72 of Albert Einstein.
Stay tuned because you are becoming one sooner than you thought
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- #8
This Rule 72 is so good to start for young individuals. I'll share it here the actual computations how to become millionaire thru the Rule 72.
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- #10
I'll share it to you tomorrow. It's so exciting to know when our money doubles :after 6 years, 9 years or more.
I wouldn't mind being part of this as well. We all need to move and be as successful as we can.
The formula might be working but I don't believe that. If I have $500, it will not take me 9 years to double it
You are right, it only applies for business or investment profits.
