One of the most important thing that I’ve learnt in my work as an insurance agent is Rule of 72.
To some, it may sound very alien. However, understanding this rule can help you make saving or investment decisions more wisely. Does it well, and you might achieve financial freedom earlier that you thought.
What is it?
Rule of 72 tells you how much time your money will take to double.
Formula
number of years = 72 / (interest rate)
Example 1 – Bank Savings
