The Magic of Compounding - The Rule of 72 that doubles your money fast

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!!!