If you put your money in the right places, it can grow substantially over time, thanks toWant 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."How Money Works,"
which highlights the "Rule of 72" as of one of three essential personal finance topics to understand . "The Rule of 72 can give you an idea of how many doubles you'll get in your lifetime. With more time, a lower interest rate may give you enough to nail your goals. With less time, you may need a higher interest rate."Try plugging in various interest rates from the different accounts your money is in, from savings and money market accounts to index and mutual funds.
MakeIt No such thing as “sit back and relax”. You have to be aware of what your money is invested in and what it’s doing for you.
MakeIt How long if Rate is 72%