The Rule of 72

Investopedia defines the rule of 72 as a quick, useful formula that is popularly used to estimate the number of years required to double the invested money at a given annual rate of return.  Of course, there are calculators and spreadsheet programs that can accurately calculate the precise time required to double invested money to … Continued

Compound Interest

Albert Einstein is reputed to have described compound interest as “the most powerful force in the universe” and “the greatest invention in human history.”  Whether he did or didn’t use these phrases, capitalizing on the positive attributes of compound interest is a very important part of any wealth-building strategy. Investopedia defines compound interest as interest … Continued