2: Enlist your boss and Uncle Sam for help getting there quickly Using the Rule of 72 estimate, your earliest invested money can potentially double around six times in a typical career, which makes that early money so very valuable to your plan. The next doubling gets you $8,000, the next one $16,000, the next one $32,000, and then $64,000 after six doublings. This is a key reason such a large part of investing success comes from starting early.ĭouble your money once, and $1,000 turns into $2,000. Using a short cut estimate known as the Rule of 72, that means by investing in a broad stock market index, your money has a decent chance of doubling somewhere in the vicinity of every 7.2 to 8 years. Over the long run, the stock market has provided annualized average returns somewhere in the neighborhood of 9% to 10%.
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