384 | Functionality with Numbers
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The Rule of 72 Is Really Important
The rule of 72 is one that ed thorpe went to in great depth on the farris podcast. I think everyone should be very, very comfortable with the rule of 72. So let's say you have a hundred thousand dollars, and you expect to earn about an eight % annual return. Just really simply, you take the number 72 and dividet by that expected return,. You get a nice round nine. That's just the number of years it'll take your money to double.
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