378 | Earning Power: The Best Protection Against Inflation
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Compounding With Your Investments
The rule of 72 works the same way here. So if you get a nine % annual raise, you take 72 divided by that annual raise or return, let's say, in this case, nine %. And that's the number of years it would take to double, ok? So you would double your salary in eight years. It is incredible that people don't appreciate that compounding nature on the salary side of the equation. This is a skill worth looking into.
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