How Quickly Can I Double My Money? | #AskTheAdvisor 150
Update: 2020-05-22
Description
If you put your money in the right places, it can grow substantially over time, thanks to the power of compound interest. It could even double, while you don’t have to do a thing.
Want to figure out just how fast your money could grow? The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return.
This week on #Asktheadvisor we take a look at this simple math equation, and how it can help you with setting goals for your investments.
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