#32 - The Rule of 72: What is it, and how can you use it?
Manage episode 432801724 series 3530453
محتوای ارائه شده توسط Ryan Nelson & Aaron Hoisington, Ryan Nelson, and Aaron Hoisington. تمام محتوای پادکست شامل قسمتها، گرافیکها و توضیحات پادکست مستقیماً توسط Ryan Nelson & Aaron Hoisington, Ryan Nelson, and Aaron Hoisington یا شریک پلتفرم پادکست آنها آپلود و ارائه میشوند. اگر فکر میکنید شخصی بدون اجازه شما از اثر دارای حق نسخهبرداری شما استفاده میکند، میتوانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
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.
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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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1. #32 - The Rule of 72: What is it, and how can you use it? (00:00:00)
2. Rule of 72 in Investing (00:00:01)
3. Personal Finance Strategies for Relaxation (00:09:23)
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