Saturday, October 20, 2012

Financial Alchemy: How to Be a Money Magnet

Rachel loves art gallery perform, and Bob loves his perform, too. So they see themselves operating into their mid-sixties. That's about thirty-six years from today. Using the Idea of 72, we calculate that if their own develops at a typical annually quantity of 10 % (a traditional regular come back on stocks), it will dual every 7.2 years. In thirty-six years, when they reach sixty-six, their present $10,000 financial commitment can dual five times:

o $10,000 3 2 = $20,000
o $20,000 3 2 = $40,000
o $40,000 3 2 = $80,000
o $80,000 3 2 = $160,000
o $160,000 3 2 = $320,000 at age 66


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