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A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Thu Apr 24, 2014 1:42 pm




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 Post subject: Using the Rule of 72
PostPosted: Sun Feb 23, 2014 9:05 pm 

Joined: Sun Feb 23, 2014 8:58 pm
Posts: 7
Location: Bakersfield/Los Angeles, CA
My friends and mentors taught this one to me and gave me an example:

One of the banks in my area is currently giving out about a 1% interest on a ten year CD. Using the Rule of 72 it would take 72 years for my money to double with them.

72 years is a long time, I stay away from "investments" like these that will take way too long. Thanks for sharing

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I Earn 21% To 33% Interest No Matter WHAT Happens To My Online Business... And Absolutely LOVE It!


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 Post subject: Re: Using the Rule of 72
PostPosted: Wed Mar 19, 2014 10:31 pm 

Joined: Wed Mar 19, 2014 9:07 pm
Posts: 1
well.. that's a good thing isn't it?


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 Post subject: Re: Using the Rule of 72
PostPosted: Thu Mar 20, 2014 1:29 am 

Joined: Sun Feb 23, 2014 8:58 pm
Posts: 7
Location: Bakersfield/Los Angeles, CA
BreakingICE wrote:
well.. that's a good thing isn't it?


I accidentally created this thread while trying to respond to another.
No, earning 1% is ridiculously too slow

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I Earn 21% To 33% Interest No Matter WHAT Happens To My Online Business... And Absolutely LOVE It!


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