The rule of 72
This simple formula gives you an rough estimate how long does it take to double your money.
There is more precise formula that can be easily found on internet, but this works pretty accurately up to +20% annual rate.
So if you think that you get +8% annual rate of return, you get 72 divided by 8%, which gives you 9 years as an answer. So you will be doubling whatever you had invested in 9 years, if you can get annual rate of +8% for your investment.
I found these estimate calculations motivating and helpful
and I hope you feel the same.
If you need to go deeper to where this formula comes from or want more precise formula, just google it and and you find plenty of articles from it.
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Penny Stacks is a way to share ideas, motivation, those little happy moments in life, investing, secrets and recommendations learned while working a way from zero to financial independence and the freedom it ables. Penny for my thoughts.
Showing posts with label Motivation. Show all posts
Showing posts with label Motivation. Show all posts
Sunday, September 22, 2019
Saturday, September 21, 2019
Time, the most valuable thing
Time, the most precious thing there is. We measure childhood, happiness, time spend with our loved ones or whatever the phase in our lives by time.
We give up our time for the money for the employers or sometimes get someone elses. There's times in the past and time in the future;
-how much we still have? No one knows.
Time can turn pennies to millions or can make getting rich harder and harder as time passes by. So how we are going to use our time that we have left is an important question as well as how we used our time before, cause that's what define our present situation.
We cannot go back and change things, do things again differently.
But we can choose the way from now on. Follow my blog with Bloglovin
We give up our time for the money for the employers or sometimes get someone elses. There's times in the past and time in the future;
-how much we still have? No one knows.
Time can turn pennies to millions or can make getting rich harder and harder as time passes by. So how we are going to use our time that we have left is an important question as well as how we used our time before, cause that's what define our present situation.
We cannot go back and change things, do things again differently.
But we can choose the way from now on. Follow my blog with Bloglovin
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