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Top 8 Outstanding #PersonalFinance Rules will save you 💹 4X more Money.
1. Rule of 72 - (2X your Money)
2. Rule of 114 - (3X your Money)
3. 40% EMI Rule
4. 3.4 Cr Retirement Rule
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& More [A Thread]👇 ...
#money #investing #moneyrule
1. Rule of 72 - (2X your Money)
2. Rule of 114 - (3X your Money)
3. 40% EMI Rule
4. 3.4 Cr Retirement Rule
-
-
& More [A Thread]👇 ...
#money #investing #moneyrule
1/ Rule of 72 📌
This rule will tell you how much time it takes to 2X your Investment.
By dividing the number 72 by the annual rate of return
➡️ Investment - 2 Lakh
➡️ Rate - 6%
➡️ Divide - 72/6 = 12 Yrs.
Your Rs 2 lakh will become
Rs 4 lakh in 12 years.
This rule will tell you how much time it takes to 2X your Investment.
By dividing the number 72 by the annual rate of return
➡️ Investment - 2 Lakh
➡️ Rate - 6%
➡️ Divide - 72/6 = 12 Yrs.
Your Rs 2 lakh will become
Rs 4 lakh in 12 years.
2/ Rule of 114 📌
Same this Rule will tell you how much time it takes to 3X your Investment.
➡️ By dividing the number 114 by the annual rate of return
You can use the above method for calculation.
Same this Rule will tell you how much time it takes to 3X your Investment.
➡️ By dividing the number 114 by the annual rate of return
You can use the above method for calculation.
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