WEBVTT 00:00:00.000 --> 00:00:01.050 align:middle line:90% [UPBEAT MUSIC] 00:00:01.050 --> 00:00:03.300 align:middle line:90% Do you know the Rule of 72? 00:00:03.300 --> 00:00:06.270 align:middle line:84% It's an easy way to calculate just how long it's going 00:00:06.270 --> 00:00:07.890 align:middle line:90% to take your money to double. 00:00:07.890 --> 00:00:11.100 align:middle line:84% Just take the number 72 and divide it by the interest rate 00:00:11.100 --> 00:00:12.420 align:middle line:90% you hope to earn. 00:00:12.420 --> 00:00:14.520 align:middle line:84% That number gives you the approximate number 00:00:14.520 --> 00:00:16.920 align:middle line:84% of years it will take for your investment to double. 00:00:16.920 --> 00:00:20.820 align:middle line:10% As you can see, a one-time contribution of $10,000 00:00:20.820 --> 00:00:25.200 align:middle line:10% doubles six more times at a 12% return than at 3%. 00:00:25.200 --> 00:00:27.660 align:middle line:10% How many doubling periods do you have in your life? 00:00:27.660 --> 00:00:31.010 align:middle line:10% [UPBEAT MUSIC] 00:00:31.010 --> 00:00:39.000 align:middle line:90%