Put the Rule of 72 to Work for You

You can determine what kind of savings plan works best for you and your budget by using The Rule of 72- dividing 72 by the interest rate to estimate the number of years it takes for your money to double.

Age                      4%
Money doubles every 18 years
29                         $10,000
47                         $20,000
65                         $40,000
Age                              6%
 Money doubles every 12 years
29                           $10,000
41                           $20,000
53                           $40,000 65                           $80,000
                                       
Age                          8%
Money doubles every 9 years
29                         $10,000
38                         $20,000
47                         $40,000
56                         $80,000
65                        $160,000

If you have any questions call the QuickBooks Gal today at 775-348-9225!

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