• #32 - The Rule of 72: What is it, and how can you use it?

  • Aug 6 2024
  • Duración: 15 m
  • Podcast

#32 - The Rule of 72: What is it, and how can you use it?

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    Can you really double your investment by simply knowing a single number? On this week's Fiscal Physical Podcast, we unravel the mysteries of the Rule of 72 – a surprisingly straightforward tool that helps you estimate how long it will take for your investments to double, based on the annual rate of return. Last week we tackled the complexities of compound interest, and now we build on that foundation, showing you how a 7.2% return can transform $100,000 into approximately $800,000 over 30 years. This episode is a must-listen for anyone looking to make sense of investment growth without getting bogged down in complicated math.

    But it’s not all about numbers. We also explore personal finance strategies that contribute to a balanced, stress-free lifestyle. From asset allocation to risk assessment, we highlight the importance of calculating your portfolio's rate of return accurately, using a general 7% return as a benchmark while emphasizing the need for professional guidance. Plus, Ryan Nelson and I share our personal relaxation techniques, from exercise and healthy eating to maintaining consistent sleep schedules. Reflect on your own habits and find solace as we merge financial wisdom with well-being advice. Tune in for a holistic approach to financial planning and personal health.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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