Convert $10,000 to 4 million dollars by a simple investing rule.
Watch the video to understand what experts call "the eighth wonder of the world" - compounding - the rule of 72.
Rule of 72 says:
if your money is invested at r %, it doubles in 72 / r years.
If you invest $10,000 at 6% in doubles in 72/6 = 12 years.
$10,000 invested at 8% doubles in 9 years.
$ 10,000 invested at 24% doubles to $ 20,000 in 3 years.
Do this calculation for 36 years (your average working years) and see what happens!!!
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