How to Double Your Money in 30 Years

The Fed says they want to see around 2% or so of inflation every year. That means that if you're not getting at least 2% on your money, spending power is going backwards. Jay Parini: If you started early and got 6%, it would take 10 years to double your money. At 8%, the rate jumped from a 100,000 to 150; at 10%, it jumped from $150 to $227,000.