Use
Rule 72 To Calculate The Time Your Investment Has Doubled
Step1
- The road to financial freedom is to
have great health so that you are in good shape
to learn.
Step
2 - An open mindset to start learning
and practicing what you have learned.
Step
3 - Investing your time in your
financial & health education so that you
are in control of your life to create wealth to
enjoy a better life.
Step
4 - Enjoy the wealth that you have
created because you have been taking care of
your health.
4 Steps To Financial Freedom (2007
edition) Sean Toh
4 Steps To Financial Freedom
reveals the philosophies and secrets of Sean
Toh's financial journey in creating wealth
for himself. Here you will learn proven
principles and timeless wealth building
techniques, as well as simple, practical,
and proven financial strategies used by
thousands of people to create a life of
abundance. By starting to practice these
four steps, you will change you life. Make
the decision now to take the necessary
actions to embark on this journey of
creating wealth for yourself.
The 4 Steps to Financial Freedom
consist of:
Step 1 - Get Healthy and Strive for
Great Health
Step 2 - Adopt an Open Mindset to
Learn
Step 3 - Invest Your Time in
Financial and Health Education
Step 4 - Enjoy the Wealth that You
Have Created
You will also learn why financial
education is directly linked to your
financial destiny. Sean Toh shows you how to
get financial education and how you can
teach yourself to create and preserve your
wealth. He explains the different types of
incomes and how you can design a simple
model for yourself to take action on so that
you can start to see some financial success.
Embark
on your financial education today to reach
your financial destiny faster!
The "Rule of 72" is a simple, quick
and easy way to calculate the length of time in which
money doubles at a certain interest rate. To
find the length of time in which money doubles at 6%,
divide 72 by 6 and you get 12 years. At 12% money
doubles in 6 years. The following
interest rate calculations (doubling) illustrates the
impact of doubling at these different rates.
Below is an example of how you apply the rule
of 72.
Compound
Interest Example
Take the example as reference, using $10,000 as the
initial investment principal. You will be able to see
the return based on different interest rates after
being compounded.
When you
consider that mathematical factor and then make the
necessary adjustments to the investable amount and the
rate of growth adjusted for taxes on the investment
you'll be well on your way to understanding the
investment process; and be far better able to select
the "correct" investment tax structure for
your assets. i.e retirement plans, tax deferred
investment accounts, charitable trusts and the like.
Here is an
interesting website where you can learn the basic of
investing.
By wdfi.org
2006 (c) creditplushealth.com
Credit Plus Health By Sean Toh All rights reserved.